North Atlantic Smaller Cos (LON:NAS) Issues Quarterly Earnings Results

North Atlantic Smaller Cos (LON:NAS) posted its earnings results on Monday. The investment trust reported GBX 41.82 earnings per share for the quarter, Digital Look Earnings reports. North Atlantic Smaller Cos had a return on equity of 5.25% and a net margin of 80.94%.

North Atlantic Smaller Cos Stock Performance

LON NAS traded up GBX 3 during trading hours on Friday, reaching GBX 423. 82,189 shares of the company’s stock were exchanged, compared to its average volume of 354,388. The company’s 50-day moving average is GBX 418.94 and its two-hundred day moving average is GBX 388.61. North Atlantic Smaller Cos has a one year low of GBX 242 and a one year high of GBX 434. The company has a market capitalization of £528.75 million, a price-to-earnings ratio of 18.99 and a beta of 0.96.

Insiders Place Their Bets

In related news, insider Peregrine D. E. M. Moncreiffe purchased 2,444 shares of North Atlantic Smaller Cos stock in a transaction dated Monday, September 21st. The stock was bought at an average price of GBX 409 per share, for a total transaction of £9,995.96. Insiders have purchased a total of 7,280 shares of company stock valued at $2,991,962 over the last 90 days. Insiders own 34.61% of the company’s stock.

North Atlantic Smaller Cos Company Profile

NASCIT is a special situations investment trust dedicated to a long-term capital appreciation objective, to achieve positive absolute returns for shareholders with low correlation to the overall market.

North Atlantic Smaller Companies Investment Trust PLC (‘NASCIT’) targets capital appreciation for its shareholders through investing primarily in smaller cap public and unquoted companies. NASCIT has been run by Christopher Mills since 1982, using a bottom-up approach when determining investment strategy.