Manchester & London (LON:MNL) Issues Quarterly Earnings Results

Manchester & London (LON:MNL) announced its quarterly earnings data on Wednesday. The investment trust reported GBX (0.83) (($0.01)) EPS for the quarter, Digital Look Earnings reports. Manchester & London had a net margin of 95.89% and a return on equity of 39.92%.

Manchester & London Trading Down 5.0 %

Manchester & London stock traded down GBX 33.80 ($0.44) on Friday, hitting GBX 646.20 ($8.38). 2,952 shares of the stock traded hands, compared to its average volume of 61,022. The firm has a market cap of £257.34 million, a P/E ratio of 2.15 and a beta of 0.42. The business’s fifty day simple moving average is GBX 721.84 and its 200 day simple moving average is GBX 708.50. Manchester & London has a 1 year low of GBX 572 ($7.42) and a 1 year high of GBX 850 ($11.02).

Manchester & London Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 8th. Shareholders of record on Thursday, April 10th will be given a dividend of GBX 14 ($0.18) per share. The ex-dividend date is Thursday, April 10th. This represents a yield of 2.06%. This is a positive change from Manchester & London’s previous dividend of $7.00. Manchester & London’s dividend payout ratio (DPR) is currently 4.66%.

Insider Buying and Selling at Manchester & London

In other news, insider Daren John Morris purchased 4,925 shares of Manchester & London stock in a transaction that occurred on Wednesday, January 29th. The stock was bought at an average price of GBX 751 ($9.74) per share, with a total value of £36,986.75 ($47,960.00). Insiders own 2.09% of the company’s stock.

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.