European Assets Trust (LON:EAT) Releases Earnings Results

European Assets Trust (LON:EAT) released its quarterly earnings results 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 Stock Down 4.7 %

Shares of LON EAT opened at GBX 74.68 ($0.96) on Friday. European Assets Trust has a 52-week low of GBX 73.40 ($0.95) and a 52-week high of GBX 92.20 ($1.19). The company’s 50-day simple moving average is GBX 83.57 and its 200-day simple moving average is GBX 83.11. The firm has a market cap of £268.58 million, a price-to-earnings ratio of 9.61 and a beta of 1.05.

European Assets Trust Increases Dividend

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

Insider Buying and Selling

In other news, insider Monica Tepes acquired 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, February 12th. The stock was purchased at an average cost 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.