TwentyFour Select Monthly Income Fund (LON:SMIF) Announces Quarterly Earnings Results

TwentyFour Select Monthly Income Fund (LON:SMIF) released its quarterly earnings data on Wednesday. The company reported GBX 0.05 EPS for the quarter, Digital Look Earnings reports. TwentyFour Select Monthly Income Fund had a return on equity of 10.77% and a net margin of 110.59%.The business had revenue of GBX 1,106 million for the quarter.

TwentyFour Select Monthly Income Fund Trading Up 0.5%

TwentyFour Select Monthly Income Fund stock opened at GBX 86.26 on Friday. TwentyFour Select Monthly Income Fund has a 12 month low of GBX 73.99 and a 12 month high of GBX 90. The stock’s 50 day simple moving average is GBX 84.81 and its two-hundred day simple moving average is GBX 85.96. The firm has a market cap of £304.60 million, a PE ratio of 8.89 and a beta of 0.65.

Insider Buying and Selling

In related news, insider Simon Richard Class acquired 25,000 shares of the stock in a transaction on Monday, March 16th. The shares were acquired at an average price of GBX 85 per share, for a total transaction of £21,250. Corporate insiders own 0.15% of the company’s stock.

TwentyFour Select Monthly Income Fund Company Profile

TwentyFour Select Monthly Income Fund is a London listed closed-ended fund which is designed to take advantage of the premium returns available from “less liquid” instruments across the debt spectrum. These securities, do not offer enough liquidity for daily priced OEICs, but are well suited to a traded closed-ended vehicle, where investors can obtain liquidity via the exchange and the quarterly buyback facility that the fund offers.