European Assets Trust (LON:EAT) Releases Earnings Results

European Assets Trust (LON:EAT) issued its quarterly earnings results on Thursday. The company reported GBX 1.78 ($0.02) earnings per share (EPS) for the quarter, Digital Look Earnings reports. European Assets Trust had a return on equity of 7.51% and a net margin of 79.65%.

European Assets Trust Stock Performance

LON EAT opened at GBX 78.51 ($1.02) on Thursday. The firm’s fifty day moving average price is GBX 83.85 and its two-hundred day moving average price is GBX 83.22. The stock has a market cap of £282.35 million, a PE ratio of 10.10 and a beta of 1.05. European Assets Trust has a fifty-two week low of GBX 78.30 ($1.02) and a fifty-two week high of GBX 92.20 ($1.20).

European Assets Trust Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 17th will be issued a GBX 4 ($0.05) dividend. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 0.77%. This is a boost from European Assets Trust’s previous dividend of $1.38. European Assets Trust’s dividend payout ratio is 77.21%.

Insider Activity

In other European Assets Trust news, insider Monica Tepes bought 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The shares were acquired at an average cost of GBX 85 ($1.10) per share, for a total transaction of £8,500 ($11,037.53). 0.82% of the stock is owned by corporate insiders.

European Assets Trust Company Profile

European Assets Trust PLC is a closed-ended equity mutual fund launched and managed by F&C Investment Business Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of small and mid cap companies with a market capitalization below that of the largest company in the Euromoney Smaller European Companies (ex UK) Index or below Euro 2.5 billion.