CT Private Equity Trust (LON:CTPE) Trading 1.2% Higher – Here’s What Happened

CT Private Equity Trust PLC (LON:CTPE)’s stock price shot up 1.2% on Tuesday . The company traded as high as GBX 490 ($6.04) and last traded at GBX 488 ($6.02). 58,676 shares traded hands during mid-day trading, a decline of 4% from the average session volume of 61,281 shares. The stock had previously closed at GBX 482 ($5.94).

CT Private Equity Trust Stock Performance

The company’s 50-day moving average is GBX 469.94 and its two-hundred day moving average is GBX 455.33. The company has a quick ratio of 0.62, a current ratio of 0.10 and a debt-to-equity ratio of 19.00. The company has a market cap of £348.92 million, a P/E ratio of 2,568.42 and a beta of 0.75.

CT Private Equity Trust (LON:CTPE) last released its earnings results on Thursday, November 28th. The company reported GBX 1.31 ($0.02) earnings per share for the quarter. CT Private Equity Trust had a net margin of 48.16% and a return on equity of 2.68%.

CT Private Equity Trust Dividend Announcement

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be paid a GBX 7.01 ($0.09) dividend. This represents a yield of 1.55%. The ex-dividend date is Thursday, January 2nd. CT Private Equity Trust’s dividend payout ratio is currently 14,736.84%.

Insiders Place Their Bets

In other CT Private Equity Trust news, insider Richard Gray bought 4,838 shares of the stock in a transaction on Thursday, November 28th. The shares were acquired at an average price of GBX 451 ($5.56) per share, with a total value of £21,819.38 ($26,900.97). Company insiders own 9.46% of the company’s stock.

CT Private Equity Trust Company Profile

Since its launch in 1999, the CT Private Equity Trust (“the Company”) has been offering access to the potential benefits of investment in unlisted companies – an opportunity set that typically lies beyond the reach of individual investors. An established and experienced team, with a continually expanding network, has successfully focused and continues to focus their efforts on building an appropriately diversified portfolio of high quality assets for the Company’s shareholders.