CT Private Equity Trust (LON:CTPE) Hits New 52-Week High – Time to Buy?

CT Private Equity Trust PLC (LON:CTPE) reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 493 ($6.18) and last traded at GBX 493 ($6.18), with a volume of 47370 shares traded. The stock had previously closed at GBX 486.50 ($6.10).

CT Private Equity Trust Trading Up 1.3 %

The firm’s 50-day simple moving average is GBX 450.53 and its 200 day simple moving average is GBX 451.17. The firm has a market capitalization of £352.50 million, a price-to-earnings ratio of 2,594.74 and a beta of 0.75. The company has a debt-to-equity ratio of 19.00, a current ratio of 0.10 and a quick ratio of 0.62.

CT Private Equity Trust Announces Dividend

The firm 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 (DPR) is presently 14,736.84%.

Insiders Place Their Bets

In related news, insider Richard Gray purchased 4,838 shares of the stock in a transaction dated Thursday, November 28th. The stock was bought at an average cost of GBX 451 ($5.66) per share, for a total transaction of £21,819.38 ($27,366.59). Insiders own 9.46% of the company’s stock.

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.