CT Private Equity Trust (LON:CTPE) Reaches New 52-Week High – Here’s What Happened

CT Private Equity Trust PLC (LON:CTPE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 496 ($6.21) and last traded at GBX 488 ($6.11), with a volume of 24776 shares changing hands. The stock had previously closed at GBX 490.50 ($6.14).

CT Private Equity Trust Stock Performance

The stock’s fifty day moving average is GBX 456.98 and its 200-day moving average is GBX 452.27. 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 stock has a market cap of £351.71 million, a price-to-earnings ratio of 2,588.95 and a beta of 0.75.

CT Private Equity Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Investors of record on Thursday, January 2nd will be given a GBX 7.01 ($0.09) dividend. This represents a dividend 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 related news, insider Richard Gray purchased 4,838 shares of CT Private Equity Trust stock in a transaction dated Thursday, November 28th. The stock was bought at an average price of GBX 451 ($5.64) per share, for a total transaction of £21,819.38 ($27,301.53). Corporate 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.