Insider Buying: MIGO Opportunities Trust (LON:MIGO) Insider Purchases 10,000 Shares of Stock

MIGO Opportunities Trust plc (LON:MIGO) insider Richard Davidson bought 10,000 shares of the stock in a transaction on Tuesday, July 14th. The shares were acquired at an average cost of GBX 408 per share, for a total transaction of £40,800.

MIGO Opportunities Trust Stock Down 0.1%

Shares of MIGO traded down GBX 0.54 during trading hours on Tuesday, reaching GBX 407.96. The company’s stock had a trading volume of 33,261 shares, compared to its average volume of 25,298. The company has a 50 day moving average of GBX 407.58 and a two-hundred day moving average of GBX 397.39. The firm has a market cap of £69.24 million, a price-to-earnings ratio of 10.62 and a beta of 0.19. MIGO Opportunities Trust plc has a 1-year low of GBX 362 and a 1-year high of GBX 420.

MIGO Opportunities Trust (LON:MIGO) last announced its quarterly earnings data on Tuesday, July 14th. The company reported GBX 3.80 EPS for the quarter. MIGO Opportunities Trust had a net margin of 78.95% and a return on equity of 9.96%.

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.