North Atlantic Smaller Cos (LON:NAS) Releases Earnings Results

North Atlantic Smaller Cos (LON:NAS) issued its earnings results on Monday. The investment trust reported GBX 41.82 EPS for the quarter, Digital Look Earnings reports. North Atlantic Smaller Cos had a return on equity of 3.99% and a net margin of 73.06%.

North Atlantic Smaller Cos Stock Up 1.4%

North Atlantic Smaller Cos stock traded up GBX 6 during midday trading on Wednesday, hitting GBX 424. The company’s stock had a trading volume of 104,384 shares, compared to its average volume of 357,537. The stock’s 50-day moving average price is GBX 418.88 and its 200-day moving average price is GBX 387.38. North Atlantic Smaller Cos has a 12 month low of GBX 242 and a 12 month high of GBX 434. The company has a market capitalization of £530 million, a PE ratio of 19.03 and a beta of 0.96.

Insider Activity at North Atlantic Smaller Cos

In related news, insider Peregrine D. E. M. Moncreiffe purchased 2,407 shares of the company’s stock in a transaction that occurred on Monday, September 21st. The shares were purchased at an average price of GBX 415 per share, with a total value of £9,989.05. In the last three months, insiders acquired 7,280 shares of company stock worth $2,991,962. 34.61% of the stock is currently owned by corporate insiders.

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.