CT Private Equity Trust (LON:CTPE) Shares Down 0.8% – Here’s Why

CT Private Equity Trust PLC (LON:CTPE)’s stock price was down 0.8% during mid-day trading on Thursday . The stock traded as low as GBX 490.18 and last traded at GBX 492. Approximately 38,761 shares traded hands during mid-day trading, a decline of 57% from the average daily volume of 89,461 shares. The stock had previously closed at GBX 496.

CT Private Equity Trust Stock Performance

The business has a 50 day simple moving average of GBX 545.87 and a 200-day simple moving average of GBX 505.93. The firm has a market capitalization of £351.79 million, a price-to-earnings ratio of 63.08 and a beta of 0.75.

Insider Buying and Selling

In other news, insider Jane Routledge bought 3,571 shares of CT Private Equity Trust stock in a transaction on Thursday, January 8th. The shares were bought at an average cost of GBX 560 per share, with a total value of £19,997.60. 0.39% of the stock is owned by company insiders.

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.