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

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

CT Private Equity Trust Stock Performance

The company has a current ratio of 0.10, a quick ratio of 0.62 and a debt-to-equity ratio of 19.00. The firm's fifty day moving average is GBX 455 and its 200 day moving average 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.

CT Private Equity Trust Announces Dividend

The company also recently disclosed a dividend, which will be paid on Friday, January 31st. Shareholders of record on Thursday, January 2nd will be issued a GBX 7.01 ($0.09) dividend. The ex-dividend date is Thursday, January 2nd. This represents a yield of 1.55%. CT Private Equity Trust's payout ratio is currently 14,736.84%.

Insider Activity

In related news, insider Richard Gray bought 4,838 shares of the business's stock in a transaction on Thursday, November 28th. The stock was acquired at an average cost of GBX 451 ($5.64) per share, with a total value of £21,819.38 ($27,304.94). Company 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.