CT Private Equity Trust (LON:CTPE) Reaches New 12-Month High – Still a Buy?

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

CT Private Equity Trust Price Performance

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’s fifty day moving average is GBX 456.98 and its 200 day moving average is GBX 452.27. The firm 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 business also recently disclosed a dividend, which will be paid on Friday, January 31st. Stockholders of record on Thursday, January 2nd will be issued a GBX 7.01 ($0.09) dividend. This represents a dividend yield of 1.55%. The ex-dividend date of this dividend is Thursday, January 2nd. CT Private Equity Trust’s payout ratio is 14,736.84%.

Insider Activity at CT Private Equity Trust

In other news, insider Richard Gray acquired 4,838 shares of the firm’s stock in a transaction dated Thursday, November 28th. The stock was bought at an average price of GBX 451 ($5.64) per share, with a total value of £21,819.38 ($27,301.53). 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.