TwentyFour Select Monthly Income Fund (LON:SMIF) Posts Quarterly Earnings Results

TwentyFour Select Monthly Income Fund (LON:SMIF) posted its earnings results on Wednesday. The company reported GBX 0.05 earnings per share (EPS) for the quarter, Digital Look Earnings reports. The firm had revenue of GBX 1,106 million for the quarter. TwentyFour Select Monthly Income Fund had a return on equity of 10.77% and a net margin of 110.59%.

TwentyFour Select Monthly Income Fund Stock Performance

TwentyFour Select Monthly Income Fund stock opened at GBX 86 on Wednesday. The stock has a market cap of £303.67 million, a P/E ratio of 8.87 and a beta of 0.65. TwentyFour Select Monthly Income Fund has a fifty-two week low of GBX 73.99 and a fifty-two week high of GBX 90. The firm’s fifty day moving average price is GBX 84.50 and its 200-day moving average price is GBX 85.96.

Insider Transactions at TwentyFour Select Monthly Income Fund

In other news, insider Ashley Paxton purchased 10,000 shares of the firm’s stock in a transaction dated Friday, March 13th. The shares were purchased at an average price of GBX 85 per share, with a total value of £8,500. Also, insider Simon Richard Class purchased 25,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was purchased at an average cost of GBX 85 per share, for a total transaction of £21,250. Over the last quarter, insiders have bought 45,000 shares of company stock valued at $3,835,000. 0.15% of the stock is currently 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.