Howard Richard Page, a trustee of North European Oil Royalty Trust (NYSE:NRT), recently acquired additional shares in the company. The $42.24 million market cap trust, which has maintained dividend payments for 49 consecutive years, has seen its stock surge 17.7% in the past week. According to an SEC filing, Page purchased a total of 5,000 units of beneficial interest on January 7, 2025. The transaction was executed in two tranches with prices ranging from $4.5764 to $4.579 per share, amounting to a total investment of $22,888. Following these acquisitions, Page now holds 260,000 shares directly. Trading at a P/E ratio of 8.34, InvestingPro analysis suggests the stock is currently overvalued, with 8 additional key insights available to subscribers.
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