North Atlantic Smaller Cos (LON:NAS) Reaches New 52-Week High at $4,130.00

North Atlantic Smaller Cos (LON:NAS) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 4,130 ($51.88) and last traded at GBX 4,130 ($51.88), with a volume of 4395 shares changing hands. The stock had previously closed at GBX 4,050 ($50.88).

North Atlantic Smaller Cos Stock Performance

The company has a market cap of £541.23 million, a price-to-earnings ratio of -9,404.76 and a beta of 0.74. The company has a 50-day simple moving average of GBX 3,701.53 and a 200-day simple moving average of GBX 3,745.20.

North Atlantic Smaller Cos Increases Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, March 28th. Investors of record on Thursday, February 29th were issued a dividend of GBX 68.50 ($0.86) per share. This represents a yield of 1.83%. The ex-dividend date of this dividend was Thursday, February 29th. This is a positive change from North Atlantic Smaller Cos’s previous dividend of $20.00. North Atlantic Smaller Cos’s dividend payout ratio is currently -5,238.10%.

Insiders Place Their Bets

In related news, insider Julian Fagge purchased 523 shares of the stock in a transaction dated Monday, February 26th. The shares were acquired at an average cost of GBX 3,800 ($47.74) per share, with a total value of £19,874 ($24,967.34). 43.16% of the stock is currently owned by company insiders.

About North Atlantic Smaller Cos

North Atlantic Smaller Companies Investment Trust PLC is an open-end equity mutual fund launched and managed by Harwood Capital LLP. It invests in public equity markets of global region. It invests in stocks of companies operating across diversified sectors. It invests in growth and value stocks of small-cap companies.