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

MIGO Opportunities Trust (LON:MIGO) released its earnings results on Tuesday. The company reported GBX 3.80 EPS 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 Down 0.3%

Shares of MIGO stock opened at GBX 408.30 on Thursday. The business has a 50-day moving average price of GBX 407.97 and a two-hundred day moving average price of GBX 397.77. MIGO Opportunities Trust has a 12-month low of GBX 362 and a 12-month high of GBX 420. The firm has a market cap of £69.30 million, a P/E ratio of 10.63 and a beta of 0.38.

Insider Activity at MIGO Opportunities Trust

In other news, insider Richard Davidson acquired 10,000 shares of MIGO Opportunities Trust stock in a transaction dated Tuesday, July 14th. The shares were purchased at an average cost of GBX 408 per share, for a total transaction of £40,800. Company insiders own 2.67% of the company’s stock.

About MIGO Opportunities Trust

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.