Howard Richard Page, a trustee of North European Oil Royalty Trust (NYSE:NRT), has recently acquired 5,000 units of beneficial interest in the company. The transaction, dated January 14, 2025, was executed at a price of $4.9599 per share, amounting to a total purchase value of $24,799. Following this transaction, Page's direct holdings in the trust have increased to 270,000 shares.
The insider purchase comes as NRT, with a market capitalization of $45.6 million, trades at an attractive P/E ratio of 9.05. According to InvestingPro analysis, the stock is currently trading near its Fair Value, while showing strong momentum with a 21.8% year-to-date return. The trust maintains an impressive 49-year track record of consecutive dividend payments, demonstrating long-term stability. InvestingPro subscribers have access to 7 additional key insights about NRT's financial health and valuation metrics.
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