CT Private Equity Trust (LON:CTPE) Trading Up 1% - Here's Why

CT Private Equity Trust PLC (LON:CTPE - Get Free Report)'s share price shot up 1% on Friday . The stock traded as high as GBX 490 ($6.61) and last traded at GBX 485 ($6.55). 26,230 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 81,617 shares. The stock had previously closed at GBX 480 ($6.48).

CT Private Equity Trust Price Performance

The firm has a market capitalization of £339.82 million, a P/E ratio of 63.08 and a beta of 0.75. The firm's 50 day simple moving average is GBX 468.25 and its two-hundred day simple moving average is GBX 474.40.

CT Private Equity Trust (LON:CTPE - Get Free Report) last issued its quarterly earnings data on Thursday, May 29th. The company reported GBX 0.45 ($0.01) 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 Cuts Dividend

The company also recently disclosed a dividend, which was paid on Wednesday, April 30th. Stockholders of record on Thursday, April 10th were paid a dividend of GBX 7.01 ($0.09) per share. This represents a dividend yield of 1.52%. The ex-dividend date was Thursday, April 10th. CT Private Equity Trust's dividend payout ratio (DPR) is 372.61%.

Insider Activity

In related news, insider Audrey Baxter purchased 2,000 shares of CT Private Equity Trust stock in a transaction that occurred on Tuesday, April 8th. The shares were bought at an average price of GBX 452 ($6.10) per share, for a total transaction of £9,040 ($12,201.38). 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.