Insider Buying: Manchester & London (LON:MNL) Insider Buys 1,450 Shares of Stock

Manchester & London (LON:MNL) insider Daniel Wright purchased 1,450 shares of the stock in a transaction that occurred on Wednesday, April 16th. The shares were purchased at an average cost of GBX 550 ($7.28) per share, with a total value of £7,975 ($10,554.53).

Manchester & London Stock Down 8.1 %

Shares of Manchester & London stock traded down GBX 46.23 ($0.61) during trading hours on Wednesday, hitting GBX 525.77 ($6.96). 45,778 shares of the company’s stock traded hands, compared to its average volume of 61,312. Manchester & London has a twelve month low of GBX 435.01 ($5.76) and a twelve month high of GBX 850 ($11.25). The company has a market cap of £209.38 million, a PE ratio of 1.75 and a beta of 0.42. The stock has a 50 day simple moving average of GBX 656.12 and a 200-day simple moving average of GBX 701.05.

Manchester & London (LON:MNL) last posted its quarterly earnings data on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) earnings per share (EPS) for the quarter. Manchester & London had a return on equity of 39.92% and a net margin of 95.89%.

Manchester & London Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 10th will be paid a dividend of GBX 14 ($0.19) per share. This represents a yield of 2.06%. This is an increase from Manchester & London’s previous dividend of $7.00. The ex-dividend date is Thursday, April 10th. Manchester & London’s dividend payout ratio is 4.66%.

Manchester & London Company Profile

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.