CT Private Equity Trust (LON:CTPE) Insider Acquires £24,650 in Stock

CT Private Equity Trust PLC (LON:CTPE) insider Craig Armour bought 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were purchased at an average price of GBX 493 per share, with a total value of £24,650.

CT Private Equity Trust Price Performance

Shares of CT Private Equity Trust stock traded up GBX 1 during mid-day trading on Tuesday, reaching GBX 494. 73,259 shares of the stock were exchanged, compared to its average volume of 115,092. The company has a market cap of £353.22 million, a price-to-earnings ratio of 15.27 and a beta of 0.96. The company has a current ratio of 1.33, a quick ratio of 0.62 and a debt-to-equity ratio of 20.11. The firm has a 50-day simple moving average of GBX 477.24 and a 200 day simple moving average of GBX 508.65. CT Private Equity Trust PLC has a fifty-two week low of GBX 439.84 and a fifty-two week high of GBX 592.

CT Private Equity Trust (LON:CTPE) last announced its earnings results on Thursday, May 28th. The company reported GBX 0.82 earnings per share (EPS) for the quarter. The business had revenue of GBX 123 million during the quarter. CT Private Equity Trust had a net margin of 65.42% and a return on equity of 4.94%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “speculative buy” rating on shares of CT Private Equity Trust in a research note on Wednesday, April 8th. One equities research analyst has rated the stock with a Buy rating, According to data from MarketBeat, CT Private Equity Trust currently has a consensus rating of “Buy”.

CT Private Equity Trust Company Profile

We invest in high-quality smaller and mid-sized private companies selected by experienced Private Equity managers, mainly across the UK and Europe, that typically demonstrate strong growth, profitability, and sound management. Our diversified strategy means that we are invested in over 500 companies with 50 carefully selected PE managers, reducing risk and helping us find the best small and mid-size growth companies.

Our fund manager, Hamish Mair, has managed the trust’s investments since launch over 25 years ago.