The Merchants Trust (LON:MRCH) Issues Earnings Results

Key Points

• The Merchants Trust reported an earnings per share (EPS) of GBX 17.70 for the quarter, achieving a return on equity of 13.03% and a net margin of 90.97%.
• The stock opened at GBX 553.37 on Monday, with a market capitalization of £821.34 million and a price-to-earnings ratio of 787.49.
• Insider Neil Galloway purchased 8,000 shares at an average price of GBX 568, indicating continued confidence in the trust's investment potential.

The Merchants Trust (LON:MRCH - ) released its earnings results on Monday. The investment trust reported GBX 17.70 EPS for the quarter, Digital Look Earnings reports. The Merchants Trust had a return on equity of 13.03% and a net margin of 90.97%.

The Merchants Trust Stock Up 0.6%

MRCH stock opened at GBX 553.37 on Monday. The firm has a market cap of £821.34 million, a price-to-earnings ratio of 787.49 and a beta of 0.95. The Merchants Trust has a twelve month low of GBX 448 and a twelve month high of GBX 591.50. The business's fifty day simple moving average is GBX 549.66 and its two-hundred day simple moving average is GBX 548.15.

Insider Buying and Selling

In related news, insider Neil Galloway acquired 8,000 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was bought at an average price of GBX 568 per share, for a total transaction of £45,440. 0.13% of the stock is owned by corporate insiders.

The Merchants Trust Company Profile

The Merchants Trust (MRCH) is managed by Simon Gergel at Allianz GIobal Investors. The Trust aims to generate a high and growing level of income, with the potential for long-term capital growth, from a portfolio of mainly higher yielding large UK companies. Merchants has a distinguished dividend history and is an AIC dividend hero, payouts have grown in each of the last 38 consecutive years.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.