Northern Venture Trust (LON:NVT) Trading Down 2.6% – Here’s Why

Northern Venture Trust (LON:NVT) traded down 2.6% on Wednesday . The company traded as low as GBX 55.50 and last traded at GBX 55.50. 500 shares changed hands during mid-day trading, a decline of 100% from the average session volume of 152,762 shares. The stock had previously closed at GBX 57.

Northern Venture Trust Trading Down 2.6%

The firm has a market capitalization of £133.86 million, a P/E ratio of 14.61 and a beta of 0.19. The company has a 50-day moving average of GBX 56.92 and a 200-day moving average of GBX 56.74.

Northern Venture Trust (LON:NVT) last issued its quarterly earnings results on Thursday, November 20th. The company reported GBX 0.10 earnings per share for the quarter. Northern Venture Trust had a return on equity of 2.74% and a net margin of 55.11%.

Insiders Place Their Bets

In other news, insider Deborah Hudson purchased 24,186 shares of the stock in a transaction on Tuesday, November 25th. The stock was purchased at an average price of GBX 62 per share, for a total transaction of £14,995.32. Corporate insiders own 1.92% of the company’s stock.

Northern Venture Trust Company Profile

Northern Venture Trust PLC is a venture capital trust specializing in direct and fund of funds investments. The fund seeks to make investments in middle market, buyouts, later stage, and mature companies. Within fund of funds, it makes private equity fund investments. The fund typically invests between £2 million ($3.1 million) and £10 million ($15.59 million) in companies with enterprise values between £10 million ($15.59 million) and £30 million ($46.77 million). It prefers to take majority stake in companies.