City of London Investment Group (CLIG) Releases Earnings Results

City of London Investment Group (LON:CLIG) announced its earnings results on Monday, February 19th. The closed-end fund reported GBX 20.20 ($0.28) earnings per share (EPS) for the quarter, Digital Look Earnings reports. The company had revenue of GBX 1,708 million during the quarter. City of London Investment Group had a net margin of 30.04% and a return on equity of 54.60%.

City of London Investment Group (LON:CLIG) traded down GBX 11 ($0.15) during trading on Wednesday, hitting GBX 441 ($6.09). The stock had a trading volume of 1,299 shares, compared to its average volume of 11,832. City of London Investment Group has a one year low of GBX 358.25 ($4.95) and a one year high of GBX 459 ($6.34). The firm has a market capitalization of $116.91 and a P/E ratio of 1,130.77.

The company also recently disclosed a dividend, which will be paid on Friday, March 16th. Stockholders of record on Thursday, March 1st will be paid a GBX 9 ($0.12) dividend. This represents a dividend yield of 2.07%. The ex-dividend date of this dividend is Thursday, March 1st.

Separately, N+1 Singer reaffirmed a “hold” rating on shares of City of London Investment Group in a research note on Monday, February 19th.

In related news, insider Barry M. Olliff sold 25,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of GBX 450 ($6.22), for a total value of £112,500 ($155,429.68).

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City of London Investment Group Company Profile

City of London Investment Group PLC is a United Kingdom-based institutional asset manager focused on closed-end fund investments. The Company offers developed, frontier, tactical asset allocation and private equity closed-end fund strategies. The Company’s clients include the United States based pension funds, foundations and endowments.

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