CT UK High Income Trust (LON:CHI) Issues Quarterly Earnings Results

CT UK High Income Trust (LON:CHI) announced its earnings results on Friday. The company reported GBX 4.85 EPS for the quarter, Digital Look Earnings reports. The business had revenue of GBX 669 million for the quarter. CT UK High Income Trust had a return on equity of 13.90% and a net margin of 128.77%.

CT UK High Income Trust Stock Performance

Shares of LON:CHI opened at GBX 112.50 on Friday. The company has a market cap of £136.64 million, a P/E ratio of 7.77 and a beta of 0.44. The company has a debt-to-equity ratio of 12.34, a quick ratio of 1.06 and a current ratio of 671.64. CT UK High Income Trust has a one year low of GBX 97 and a one year high of GBX 126. The business’s 50-day simple moving average is GBX 108.18 and its 200 day simple moving average is GBX 112.17.

Insider Activity at CT UK High Income Trust

In other CT UK High Income Trust news, insider Stephen Mitchell purchased 4,695 shares of the business’s stock in a transaction that occurred on Tuesday, March 24th. The shares were acquired at an average price of GBX 106 per share, for a total transaction of £4,976.70. Company insiders own 0.20% of the company’s stock.

About CT UK High Income Trust

CT UK High Income Trust aims to provide shareholders with an attractive level of income alongside the potential for capital growth. The Trust invests predominantly in UK equities. Investment is focused on a portfolio of quality businesses that aim to deliver a high level of growing income over time alongside capital growth for shareholders.

The trust has two classes of share – Ordinary shares and B shares – which pay the same level of quarterly cash distributions. The cash distributions on the Ordinary shares are paid as dividends while those on the B shares are paid by way of capital returns and therefore subject to capital gains tax (CGT) rules which can provide tax benefits to certain types of investors.