TwentyFour Select Monthly Income Fund (LON:SMIF) Insider Simon Richard Class Purchases 25,000 Shares

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) insider Simon Richard Class acquired 25,000 shares of the company’s stock in a transaction dated Monday, March 16th. The shares were bought at an average cost of GBX 85 per share, with a total value of £21,250.

TwentyFour Select Monthly Income Fund Stock Down 1.6%

Shares of TwentyFour Select Monthly Income Fund stock traded down GBX 1.40 on Monday, hitting GBX 84.20. The stock had a trading volume of 2,311,381 shares, compared to its average volume of 1,272,643. TwentyFour Select Monthly Income Fund Limited has a one year low of GBX 75.40 and a one year high of GBX 90. The stock’s 50-day simple moving average is GBX 87.27 and its two-hundred day simple moving average is GBX 87.28. The stock has a market cap of £295.07 million, a price-to-earnings ratio of 8.68 and a beta of 0.57.

TwentyFour Select Monthly Income Fund (LON:SMIF) last announced its quarterly earnings results on Thursday, December 11th. The company reported GBX 9.70 earnings per share for the quarter. TwentyFour Select Monthly Income Fund had a net margin of 110.59% and a return on equity of 10.77%.

About TwentyFour Select Monthly Income Fund

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.