North American Income Trust (LON:NAIT) Sets New 52-Week High at $308.00

North American Income Trust (LON:NAIT) hit a new 52-week high during mid-day trading on Thursday . The stock traded as high as GBX 308 ($3.93) and last traded at GBX 305 ($3.89), with a volume of 109278 shares trading hands. The stock had previously closed at GBX 303 ($3.87).

North American Income Trust Stock Performance

The company has a debt-to-equity ratio of 8.72, a current ratio of 1.99 and a quick ratio of 7.40. The firm has a market capitalization of £418.92 million, a price-to-earnings ratio of 15,243.20 and a beta of 0.70. The firm has a 50 day moving average price of GBX 298.64 and a 200-day moving average price of GBX 292.04.

North American Income Trust Cuts Dividend

The firm also recently declared a dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 4th were issued a dividend of GBX 2.70 ($0.03) per share. This represents a yield of 0.91%. The ex-dividend date of this dividend was Thursday, July 4th. North American Income Trust’s dividend payout ratio (DPR) is 55,000.00%.

Insiders Place Their Bets

In other North American Income Trust news, insider Charles Park purchased 10,000 shares of the firm’s stock in a transaction on Tuesday, June 4th. The stock was bought at an average cost of GBX 293 ($3.74) per share, with a total value of £29,300 ($37,410.62). In other news, insider Charles Park bought 10,000 shares of North American Income Trust stock in a transaction dated Tuesday, June 4th. The stock was acquired at an average cost of GBX 293 ($3.74) per share, with a total value of £29,300 ($37,410.62). Also, insider Patrick Edwardson bought 100,000 shares of North American Income Trust stock in a transaction dated Monday, July 22nd. The stock was purchased at an average cost of GBX 300 ($3.83) per share, with a total value of £300,000 ($383,043.92). Insiders acquired 210,856 shares of company stock valued at $62,877,384 in the last ninety days. Insiders own 8.10% of the company’s stock.

About North American Income Trust

The North American Income Trust plc is an exchange traded fund launched and managed by Aberdeen Fund Managers Limited. The fund invests in the public equity markets of the United States. It seeks to invest in the stocks of companies operating across diversified sectors. The fund invests in the stocks of large-cap companies, within the market capitalization range of S&P 500 Index.