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

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

TwentyFour Select Monthly Income Fund Stock Up 0.2%

Shares of LON SMIF opened at GBX 86 on Wednesday. TwentyFour Select Monthly Income Fund has a twelve month low of GBX 73.99 and a twelve month high of GBX 90. The stock’s 50 day moving average price is GBX 84.50 and its 200-day moving average price is GBX 85.96. The company has a market capitalization of £303.67 million, a PE ratio of 8.87 and a beta of 0.65.

Insider Activity at TwentyFour Select Monthly Income Fund

In other news, insider Sharon Parr acquired 10,000 shares of the company’s stock in a transaction that occurred on Friday, March 13th. The shares were acquired at an average price of GBX 86 per share, for a total transaction of £8,600. Also, insider Simon Richard Class acquired 25,000 shares of the company’s stock in a transaction that occurred on Monday, March 16th. The stock was purchased at an average price 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 worth $3,835,000. Insiders own 0.15% of the company’s stock.

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.