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.
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).
WARNING: This piece of content was reported by StockNewsTimes and is the property of of StockNewsTimes. If you are reading this piece of content on another domain, it was copied illegally and republished in violation of international trademark & copyright laws. The correct version of this piece of content can be accessed at https://stocknewstimes.com/2018/03/14/city-of-london-investment-group-clig-releases-quarterly-earnings-results.html.
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.
Receive News & Ratings for City of London Investment Group Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for City of London Investment Group and related companies with MarketBeat.com's FREE daily email newsletter.