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

Manchester & London (LON:MNL) issued its earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) earnings per share (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 1.5 %

Shares of LON:MNL traded down GBX 10 ($0.13) during midday trading on Friday, reaching GBX 670 ($8.69). 20,540 shares of the company were exchanged, compared to its average volume of 61,330. The stock has a market cap of £266.82 million, a PE ratio of 2.23 and a beta of 0.42. The business’s fifty day moving average is GBX 721.84 and its two-hundred day moving average is GBX 708.50. Manchester & London has a one year low of GBX 572 ($7.42) and a one year high of GBX 850 ($11.02).

Manchester & London Increases Dividend

The business also recently announced 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. This represents a dividend yield of 2.06%. The ex-dividend date is Thursday, April 10th. This is an increase from Manchester & London’s previous dividend of $7.00. Manchester & London’s payout ratio is 4.66%.

Insider Buying and Selling at Manchester & London

In other news, insider Daren John Morris acquired 4,925 shares of the firm’s stock in a transaction dated Wednesday, January 29th. The shares were acquired at an average cost of GBX 751 ($9.74) per share, with a total value of £36,986.75 ($47,960.00). 2.09% of the stock is currently owned by insiders.

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.