CT Private Equity Trust (LON:CTPE) Sets New 1-Year High – Still a Buy?

Shares of CT Private Equity Trust PLC (LON:CTPE) hit a new 52-week high during mid-day trading on Tuesday . The stock traded as high as GBX 496 ($6.22) and last traded at GBX 488 ($6.12), with a volume of 24776 shares. The stock had previously closed at GBX 490.50 ($6.15).

CT Private Equity Trust Stock Performance

The company’s 50 day moving average price is GBX 455 and its 200-day moving average price is GBX 451.82. The company has a market cap of £348.92 million, a PE ratio of 2,568.42 and a beta of 0.75. The company has a debt-to-equity ratio of 19.00, a quick ratio of 0.62 and a current ratio of 0.10.

CT Private Equity Trust Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, January 31st. Stockholders 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 (DPR) is currently 14,736.84%.

Insider Activity at CT Private Equity Trust

In related news, insider Richard Gray purchased 4,838 shares of the firm’s stock in a transaction dated Thursday, November 28th. The shares were purchased at an average price of GBX 451 ($5.66) per share, with a total value of £21,819.38 ($27,376.89). 9.46% of the stock is owned by company insiders.

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.