European Assets Trust (LON:EAT) Posts Quarterly Earnings Results

European Assets Trust (LON:EAT) posted its quarterly earnings results on Thursday. The company reported GBX 1.78 ($0.02) earnings per share (EPS) for the quarter, Digital Look Earnings reports. European Assets Trust had a return on equity of 7.51% and a net margin of 79.65%.

European Assets Trust Trading Down 3.3 %

LON:EAT opened at GBX 78.51 ($1.02) on Thursday. The stock has a 50-day moving average price of GBX 83.85 and a two-hundred day moving average price of GBX 83.22. European Assets Trust has a 1 year low of GBX 78.30 ($1.02) and a 1 year high of GBX 92.20 ($1.20). The stock has a market cap of £282.35 million, a price-to-earnings ratio of 10.10 and a beta of 1.05.

European Assets Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 17th will be given a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, April 17th. This represents a dividend yield of 0.77%. This is a boost from European Assets Trust’s previous dividend of $1.38. European Assets Trust’s dividend payout ratio is currently 77.21%.

Insider Buying and Selling

In other news, insider Monica Tepes purchased 10,000 shares of the company’s stock in a transaction on Wednesday, February 12th. The shares were purchased at an average price of GBX 85 ($1.10) per share, with a total value of £8,500 ($11,037.53). 0.82% of the stock is owned by company 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.