Howard Richard Page, a trustee of North European Oil Royalty Trust (NYSE:NRT), recently acquired additional shares in the company, according to a filing with the Securities and Exchange Commission. On January 8, Page purchased a total of 5,000 units of beneficial interest in two separate transactions. The shares were bought at prices ranging from $4.78 to $4.8738, amounting to a total investment of approximately $24,134. Following these transactions, Page’s total direct ownership in the trust increased to 265,000 shares.
The timing of Page’s purchase coincides with NRT’s strong market performance, showing a 16% return over the past week. According to InvestingPro analysis, the stock is currently trading near its Fair Value, with a P/E ratio of 8.84 and an impressive 49-year track record of consistent dividend payments. For deeper insights into NRT’s valuation metrics and 8 additional ProTips, consider exploring InvestingPro.
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