Insider Buying: TwentyFour Select Monthly Income Fund (LON:SMIF) Insider Purchases 10,000 Shares of Stock

TwentyFour Select Monthly Income Fund Limited (LON:SMIF) insider Sharon Parr acquired 10,000 shares of TwentyFour Select Monthly Income Fund stock in a transaction on Friday, March 13th. The shares were bought at an average price of GBX 86 per share, for a total transaction of £8,600.

TwentyFour Select Monthly Income Fund Price Performance

SMIF traded down GBX 0.05 during trading hours on Friday, hitting GBX 85.55. 746,822 shares of the stock were exchanged, compared to its average volume of 1,247,025. The stock has a market cap of £299.80 million, a price-to-earnings ratio of 8.82 and a beta of 0.57. The stock has a 50-day simple moving average of GBX 87.30 and a 200-day simple moving average of GBX 87.29. TwentyFour Select Monthly Income Fund Limited has a 12 month low of GBX 75.40 and a 12 month high of GBX 90.

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 return on equity of 10.77% and a net margin of 110.59%.

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.