North Atlantic Smaller Cos (LON:NAS – Get Free Report) posted its earnings results on Wednesday. The investment trust reported GBX 6.46 EPS for the quarter, Digital Look Earnings reports. North Atlantic Smaller Cos had a net margin of 73.06% and a return on equity of 3.99%.
North Atlantic Smaller Cos Stock Up 1.4%
Shares of LON NAS traded up GBX 6 during midday trading on Wednesday, reaching GBX 426. 49,425 shares of the company’s stock traded hands, compared to its average volume of 452,349. The company has a market cap of £540.49 million, a price-to-earnings ratio of 19.12 and a beta of 0.95. The stock’s 50 day simple moving average is GBX 392.52 and its 200-day simple moving average is GBX 367.10. North Atlantic Smaller Cos has a one year low of GBX 242 and a one year high of GBX 433.
Insider Buying and Selling
In related news, insider Peregrine D. E. M. Moncreiffe purchased 1,363 shares of the business’s stock in a transaction dated Thursday, May 7th. The shares were acquired at an average cost of GBX 367 per share, for a total transaction of £5,002.21. Also, insider Julian Fagge purchased 6,744 shares of North Atlantic Smaller Cos stock in a transaction dated Friday, May 15th. The stock was bought at an average cost of GBX 369 per share, with a total value of £24,885.36. Insiders purchased 13,536 shares of company stock valued at $4,985,253 in the last three months. 34.26% of the stock is currently owned by insiders.
North Atlantic Smaller Cos Company Profile
NASCIT is a special situations investment trust dedicated to a long-term capital appreciation objective, to achieve positive absolute returns for shareholders with low correlation to the overall market.
North Atlantic Smaller Companies Investment Trust PLC (‘NASCIT’) targets capital appreciation for its shareholders through investing primarily in smaller cap public and unquoted companies. NASCIT has been run by Christopher Mills since 1982, using a bottom-up approach when determining investment strategy.
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