MIGO Opportunities Trust (LON:MIGO) Insider Richard Davidson Buys 10,000 Shares of Stock

MIGO Opportunities Trust plc (LON:MIGO) insider Richard Davidson acquired 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, July 14th. The stock was acquired at an average price of GBX 408 per share, with a total value of £40,800.

MIGO Opportunities Trust Trading Down 0.1%

LON MIGO traded down GBX 0.54 during trading on Tuesday, hitting GBX 407.96. 33,261 shares of the company traded hands, compared to its average volume of 25,298. MIGO Opportunities Trust plc has a 12 month low of GBX 362 and a 12 month high of GBX 420. The business has a fifty day simple moving average of GBX 407.58 and a 200 day simple moving average of GBX 397.39. The company has a market capitalization of £69.24 million, a P/E ratio of 10.62 and a beta of 0.19.

MIGO Opportunities Trust (LON:MIGO) last released its quarterly earnings results on Tuesday, July 14th. The company reported GBX 3.80 earnings per share (EPS) for the quarter. MIGO Opportunities Trust had a return on equity of 9.96% and a net margin of 78.95%.

MIGO Opportunities Trust Company Profile

MIGO invests in discount opportunities in the closed-ended sector where the managers believe there is a catalyst to extract the value. The trust is able to invest in any geography or asset class providing it is held in an investment trust structure.

The Company aims to outperform Sterling Overnight Interbank Average (SONIA)* 3 month plus 2% over the longer term, principally through exploiting the pricing of closed-end funds.

The Company invests in closed-end investment funds traded on the London Stock Exchange’s Main Market, but has the flexibility to invest in investment funds listed or dealt on other recognised stock exchanges, in unlisted closed-end funds (including, but not limited to, funds traded on the FTSE AIM All-Share Index) and in open-ended investment funds.