JPMorgan European Discovery (LON:JEDT) Insider Acquires £44,700 in Stock

JPMorgan European Discovery (LON:JEDT) insider James Will bought 10,000 shares of the business’s stock in a transaction dated Thursday, September 5th. The shares were bought at an average cost of GBX 447 ($5.88) per share, for a total transaction of £44,700 ($58,777.12).

JPMorgan European Discovery Stock Performance

Shares of JEDT opened at GBX 441 ($5.80) on Friday. The company has a 50-day simple moving average of GBX 459.84 and a two-hundred day simple moving average of GBX 461.29. The company has a debt-to-equity ratio of 11.04, a current ratio of 0.66 and a quick ratio of 1.00. The firm has a market capitalization of £641.83 million, a PE ratio of 2,477.78 and a beta of 1.23. JPMorgan European Discovery has a one year low of GBX 352.68 ($4.64) and a one year high of GBX 493.27 ($6.49).

JPMorgan European Discovery Increases Dividend

The company also recently announced a dividend, which was paid on Friday, August 2nd. Stockholders of record on Thursday, June 27th were paid a GBX 8 ($0.11) dividend. This represents a dividend yield of 1.75%. The ex-dividend date of this dividend was Thursday, June 27th. This is a boost from JPMorgan European Discovery’s previous dividend of $2.50. JPMorgan European Discovery’s dividend payout ratio (DPR) is presently 5,555.56%.

JPMorgan European Discovery Company Profile

JPMorgan European Smaller Companies Trust plc is a closed ended equity mutual fund launched and managed by JPMorgan Funds Limited. The fund is co-managed by JPMorgan Asset Management (UK) Limited. It invests in the public equity markets of Europe, excluding the United Kingdom. The fund seeks to invest in stocks of companies operating across diversified sectors.