Monica Tepes Acquires 10,000 Shares of European Assets Trust PLC

Monica Tepes, an insider at European Assets Trust PLC (LON:EAT - Get Free Report), purchased 10,000 shares of the company's stock on February 12th. The shares were acquired at an average price of GBX 85 (approximately $1.06) each, resulting in a total investment of £8,500 (around $10,580.03).

Recent Stock Performance

On the following day, LON:EAT saw a slight increase, trading up by GBX 0.40 ($0.00) to reach GBX 85.10 ($1.06) during regular trading hours. During this session, approximately 399,929 shares exchanged hands, falling short of the average trading volume of 704,490 shares. As of now, the stock holds a 50-day moving average price of GBX 82.30 and a 200-day moving average price of GBX 83.68. The company's financial ratios include a quick ratio of 1.35, a current ratio of 0.20, and a remarkably high debt-to-equity ratio of 7.34, positioning its market capitalization at £306.42 million. Furthermore, European Assets Trust PLC has demonstrated significant price fluctuations over the past year, with a low of GBX 79.12 ($0.98) and a high of GBX 92.20 ($1.15).

Dividend Announcement

In a recent financial update, the company revealed a dividend payout, which was distributed on January 31st to investors who had shares recorded as of January 16th. The dividend was set at GBX 1.38 ($0.02), reflecting a yield of 1.68%. The ex-dividend date for this action was also on January 16th, and notable is the extremely high dividend payout ratio currently standing at 6,000.00%.

Company Overview

European Assets Trust PLC is a closed-ended equity mutual fund managed by F&C Investment Business Limited. The fund primarily targets investments in public equity markets across Europe, excluding the United Kingdom. Its focus is on small and mid-cap companies, particularly those with a market capitalization less than that of the largest constituents in the Euromoney Smaller European Companies (ex UK) Index or below €2.5 billion.

Monica, Acquisition, Stocks