Daniel Wright Buys 1,450 Shares of Manchester & London (LON:MNL) Stock

Manchester & London (LON:MNL) insider Daniel Wright purchased 1,450 shares of the firm’s stock in a transaction on Wednesday, April 16th. The shares were acquired at an average price of GBX 550 ($7.30) per share, with a total value of £7,975 ($10,581.13).

Manchester & London Price Performance

Shares of Manchester & London stock opened at GBX 534 ($7.09) on Friday. The stock’s 50-day moving average is GBX 647.21 and its 200 day moving average is GBX 698.89. Manchester & London has a one year low of GBX 435.01 ($5.77) and a one year high of GBX 850 ($11.28). The firm has a market cap of £212.66 million, a price-to-earnings ratio of 1.78 and a beta of 0.42.

Manchester & London (LON:MNL) last posted its quarterly earnings results on Wednesday, March 19th. The investment trust reported GBX (0.83) (($0.01)) earnings per share (EPS) for the quarter. Manchester & London had a return on equity of 39.92% and a net margin of 95.89%.

Manchester & London Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 8th. Investors of record on Thursday, April 10th will be paid a dividend of GBX 14 ($0.19) per share. The ex-dividend date is Thursday, April 10th. This is a positive change from Manchester & London’s previous dividend of $7.00. This represents a yield of 2.06%. Manchester & London’s dividend payout ratio is currently 4.66%.

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.