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

Manchester & London (LON:MNL) issued its quarterly earnings results on Wednesday. The investment trust reported GBX (0.83) (($0.01)) earnings per share for the quarter, Digital Look Earnings reports. Manchester & London had a return on equity of 39.92% and a net margin of 95.89%.

Manchester & London Stock Down 5.0 %

Shares of MNL stock opened at GBX 646.20 ($8.38) on Friday. The stock’s 50-day moving average price is GBX 721.84 and its 200 day moving average price is GBX 708.50. The stock has a market capitalization of £257.34 million, a PE ratio of 2.15 and a beta of 0.42. Manchester & London has a 52-week low of GBX 572 ($7.42) and a 52-week high of GBX 850 ($11.02).

Manchester & London Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 8th. Stockholders of record on Thursday, April 10th will be paid a dividend of GBX 14 ($0.18) per share. This is an increase from Manchester & London’s previous dividend of $7.00. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 2.06%. Manchester & London’s dividend payout ratio is 4.66%.

Insiders Place Their Bets

In related news, insider Daren John Morris bought 4,925 shares of the stock in a transaction on Wednesday, January 29th. The shares were bought at an average cost of GBX 751 ($9.74) per share, for a total transaction of £36,986.75 ($47,960.00). 2.09% of the stock is owned by insiders.

Manchester & London Company Profile

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.