CT Private Equity Trust (LON:CTPE) Stock Price Down 0.6% – Here’s Why

Shares of CT Private Equity Trust PLC (LON:CTPE) fell 0.6% during trading on Tuesday . The stock traded as low as GBX 490 ($6.18) and last traded at GBX 494 ($6.23). 47,847 shares were traded during mid-day trading, a decline of 47% from the average session volume of 89,582 shares. The stock had previously closed at GBX 497 ($6.27).

CT Private Equity Trust Price Performance

The firm has a market capitalization of £356.22 million, a P/E ratio of 66.12 and a beta of 0.75. The business’s 50-day moving average is GBX 490.52 and its 200 day moving average is GBX 461.85.

CT Private Equity Trust (LON:CTPE) last announced its earnings results on Thursday, November 28th. The company reported GBX 1.31 ($0.02) EPS for the quarter. CT Private Equity Trust had a net margin of 59.97% and a return on equity of 1.10%.

CT Private Equity Trust Announces Dividend

The business also recently announced a dividend, which was paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd were given a dividend of GBX 7.01 ($0.09) per share. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a dividend yield of 1.55%. CT Private Equity Trust’s payout ratio is 372.61%.

Insider Buying and Selling

In other news, insider Richard Gray purchased 4,838 shares of the business’s stock in a transaction dated Thursday, November 28th. The stock was bought at an average price of GBX 451 ($5.69) per share, with a total value of £21,819.38 ($27,525.39). 9.46% of the stock is owned by company insiders.

About CT Private Equity Trust

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.