European Assets Trust (LON:EAT) Posts Quarterly Earnings Results

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

European Assets Trust Trading Down 4.7 %

Shares of LON EAT opened at GBX 74.68 ($0.96) on Friday. The stock has a market cap of £268.58 million, a P/E ratio of 9.61 and a beta of 1.05. The business’s fifty day simple moving average is GBX 83.57 and its 200-day simple moving average is GBX 83.11. European Assets Trust has a 12-month low of GBX 73.40 ($0.95) and a 12-month high of GBX 92.20 ($1.19).

European Assets Trust Increases Dividend

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

Insider Buying and Selling

In other news, insider Monica Tepes purchased 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, February 12th. The stock was bought at an average price of GBX 85 ($1.10) per share, for a total transaction of £8,500 ($10,964.91). 0.82% of the stock is currently owned by 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.