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

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

Manchester & London Trading Down 5.0 %

Shares of Manchester & London stock traded down GBX 33.80 ($0.44) during trading on Friday, hitting GBX 646.20 ($8.38). The stock had a trading volume of 2,952 shares, compared to its average volume of 61,022. The firm has a market cap of £257.34 million, a price-to-earnings ratio of 2.15 and a beta of 0.42. Manchester & London has a 12 month low of GBX 572 ($7.42) and a 12 month high of GBX 850 ($11.02). The business’s 50-day moving average is GBX 721.84 and its 200 day moving average is GBX 708.50.

Manchester & London Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 10th will be issued a GBX 14 ($0.18) dividend. The ex-dividend date is Thursday, April 10th. This represents a dividend yield of 2.06%. This is a boost from Manchester & London’s previous dividend of $7.00. Manchester & London’s dividend payout ratio is presently 4.66%.

Insider Transactions at Manchester & London

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

About Manchester & London

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.