JPMorgan European Discovery (LON:JEDT) Insider Marc van Gelder Acquires 34,881 Shares

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

JPMorgan European Discovery Stock Performance

JEDT opened at GBX 476 ($6.16) on Monday. The company has a current ratio of 0.66, a quick ratio of 1.00 and a debt-to-equity ratio of 11.04. JPMorgan European Discovery has a 12-month low of GBX 352.68 ($4.56) and a 12-month high of GBX 488.50 ($6.32). The firm has a 50 day moving average of GBX 468.85 and a two-hundred day moving average of GBX 453.13. The firm has a market capitalization of £692.77 million, a PE ratio of 2,644.44 and a beta of 1.23.

JPMorgan European Discovery Increases Dividend

The firm 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 dividend yield of 1.75%. The ex-dividend date is 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 5,555.56%.

About JPMorgan European Discovery

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.