TwentyFour Select Monthly Income Fund (LON:SMIF) Issues 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. The firm had revenue of GBX 1,106 million during the quarter. TwentyFour Select Monthly Income Fund had a net margin of 110.59% and a return on equity of 10.77%.

TwentyFour Select Monthly Income Fund Price Performance

TwentyFour Select Monthly Income Fund stock opened at GBX 86.01 on Thursday. The company has a market cap of £303.70 million, a PE ratio of 8.87 and a beta of 0.65. The company has a fifty day moving average price of GBX 84.67 and a two-hundred day moving average price of GBX 85.96. TwentyFour Select Monthly Income Fund has a 12 month low of GBX 73.99 and a 12 month high of GBX 90.

Insiders Place Their Bets

In other news, insider Sharon Parr purchased 10,000 shares of TwentyFour Select Monthly Income Fund stock in a transaction dated Friday, March 13th. The stock was bought at an average price of GBX 86 per share, with a total value of £8,600. Also, insider Ashley Paxton purchased 10,000 shares of TwentyFour Select Monthly Income Fund stock in a transaction dated Friday, March 13th. The shares were purchased at an average cost of GBX 85 per share, with a total value of £8,500. Insiders acquired a total of 45,000 shares of company stock valued at $3,835,000 over the last 90 days. 0.15% of the stock is owned by company insiders.

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.