In a recent transaction, Howard Richard Page, acting as a trustee, acquired 5,000 units of beneficial interest in North European Oil Royalty Trust (NYSE:NRT), a $43.8 million market cap trust. The shares were purchased at $4.77 each, amounting to a total transaction value of $23,849. According to InvestingPro data, the stock has surged 21.2% in the past week, with technical indicators suggesting overbought conditions. Following this acquisition, Page now holds a total of 255,000 shares in the trust. This transaction reflects a continued investment in the energy and transportation sector by Page, who holds the shares directly. The trust boasts impressive fundamentals, with InvestingPro analysis showing a 49-year track record of consistent dividend payments and a robust current ratio of 8.84x. Additional financial insights and metrics are available on InvestingPro.
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