Insider Buying: JPMorgan European Discovery (LON:JEDT) Insider Purchases £163,243.08 in Stock

JPMorgan European Discovery (LON:JEDT) insider Marc van Gelder acquired 34,881 shares of the company’s stock in a transaction that occurred on Friday, July 26th. The shares were bought at an average cost of GBX 468 ($6.05) per share, for a total transaction of £163,243.08 ($211,126.59).

JPMorgan European Discovery Trading Up 2.4 %

Shares of JEDT opened at GBX 476 ($6.16) on Monday. JPMorgan European Discovery has a twelve month low of GBX 352.68 ($4.56) and a twelve month high of GBX 488.50 ($6.32). The stock has a market cap of £692.77 million, a PE ratio of 2,644.44 and a beta of 1.23. The company has a quick ratio of 1.00, a current ratio of 0.66 and a debt-to-equity ratio of 11.04. The business’s 50-day moving average price is GBX 468.85 and its 200-day moving average price is GBX 453.13.

JPMorgan European Discovery Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, August 2nd. Investors of record on Thursday, June 27th will be issued a dividend of GBX 8 ($0.10) per share. This represents a yield of 1.75%. The ex-dividend date is Thursday, June 27th. This is a positive change from JPMorgan European Discovery’s previous dividend of $2.50. JPMorgan European Discovery’s dividend payout ratio is 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.