Manchester & London (LON:MNL - Get Free Report) issued its earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) earnings per share for the quarter, Digital Look Earnings reports. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.
Manchester & London Price Performance
Shares of Manchester & London stock traded down GBX 10 ($0.13) during trading on Friday, reaching GBX 670 ($8.65). 20,540 shares of the company traded hands, compared to its average volume of 61,330. The company has a 50 day moving average price of GBX 720.04 and a 200-day moving average price of GBX 708.23. The firm has a market capitalization of £266.82 million, a PE ratio of 2.23 and a beta of 0.42. Manchester & London has a 1-year low of GBX 572 ($7.39) and a 1-year high of GBX 850 ($10.97).
Manchester & London Increases Dividend
The company also recently declared a dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 10th will be given a dividend of GBX 14 ($0.18) per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a yield of 2.06%. This is a boost from Manchester & London's previous dividend of $7.00. Manchester & London's dividend payout ratio is 4.66%.
Insider Activity
In related news, insider Daren John Morris acquired 4,925 shares of the firm's stock in a transaction that occurred on Wednesday, January 29th. The stock was acquired at an average price of GBX 751 ($9.70) per share, for a total transaction of £36,986.75 ($47,755.65). Corporate insiders own 2.09% of the company's stock.
Manchester & London Company Profile
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Manchester & London Investment Trust is managed by M & L Capital Management Limited, an Alternative Investment Fund Management Firm specialising in Intellectual Property rich, fast growth, Global Equities.
Our central investment thesis is that we believe in the increasing economic power of the Machine in the two century long battle for supremacy between Man & Machine.
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