North Atlantic Smaller Cos (LON:NAS) Posts Earnings Results

North Atlantic Smaller Cos (LON:NAS) announced its earnings results on Monday. The investment trust reported GBX 41.82 earnings per share 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 0.5%

NAS opened at GBX 420 on Wednesday. The business has a 50 day moving average price of GBX 418.88 and a two-hundred day moving average price of GBX 387.38. The company has a market cap of £525 million, a PE ratio of 18.85 and a beta of 0.96. North Atlantic Smaller Cos has a 52 week low of GBX 242 and a 52 week high of GBX 434.

Insider Buying and Selling at North Atlantic Smaller Cos

In related news, insider Peregrine D. E. M. Moncreiffe bought 2,444 shares of the stock in a transaction on Monday, September 21st. The shares were bought at an average cost of GBX 409 per share, for a total transaction of £9,995.96. In the last quarter, insiders purchased 7,280 shares of company stock valued at $2,991,962. Company insiders own 34.61% of the company’s stock.

North Atlantic Smaller Cos News Roundup

Here are the key news stories impacting North Atlantic Smaller Cos this week:

• Positive Sentiment: The investment trust’s net asset value rose 7.7% in the first half, a favorable signal for shareholders and likely the main catalyst behind recent strength. Management also highlighted increased UK takeover activity, which could benefit smaller-company holdings through acquisition premiums. North Atlantic Smaller Companies NAV rises 7.7% in first half
• Positive Sentiment: North Atlantic Smaller Cos reported first-half revenue of £10.6 million. While revenue is less significant for an investment trust than investment performance and NAV, the result provides additional evidence of solid period activity. North Atlantic Smaller Cos reports H1 revenue of £10.6 million
• Positive Sentiment: Director Peregrine D. E. M. Moncreiffe bought 7,280 shares across three September 21 transactions for a combined approximately £29,920, at prices between 409p and 415p. Repeated insider purchases can be viewed as a vote of confidence in the trust’s valuation and outlook.
• Neutral Sentiment: The trust reported quarterly EPS of 41.82p, with return on equity of 3.99% and net margin of 73.06%. These figures may support sentiment, although investment-trust earnings can fluctuate with portfolio valuations and may be less informative than NAV performance. North Atlantic Smaller Cos issues quarterly earnings results

About North Atlantic Smaller Cos

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.