MIGO Opportunities Trust (LON:MIGO) Announces Quarterly Earnings Results

MIGO Opportunities Trust (LON:MIGO) issued its earnings results on Tuesday. The company reported GBX 3.80 earnings per share for the quarter, Digital Look Earnings reports. MIGO Opportunities Trust had a return on equity of 9.96% and a net margin of 78.95%.

MIGO Opportunities Trust Stock Performance

Shares of MIGO opened at GBX 409.44 on Wednesday. The company’s 50 day moving average price is GBX 407.77 and its 200 day moving average price is GBX 397.58. MIGO Opportunities Trust has a 52 week low of GBX 362 and a 52 week high of GBX 420. The company has a market capitalization of £69.49 million, a PE ratio of 10.66 and a beta of 0.38.

Insiders Place Their Bets

In related news, insider Richard Davidson bought 10,000 shares of the business’s stock in a transaction on Tuesday, July 14th. The stock was bought at an average price of GBX 408 per share, for a total transaction of £40,800. Corporate insiders own 2.67% of the company’s stock.

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.