Richard Glover Acquires 62,227 Shares of Crown Place VCT (LON:CRWN) Stock

Richard Glover, an insider at Crown Place VCT (LON:CRWN), has made a significant investment by purchasing 62,227 shares of the company. This transaction occurred on Friday, March 21st. The shares were acquired at an average price of GBX 32, amounting to a total investment of £19,912.64 ($25,713.64).

Current Performance of Crown Place VCT Stock

During midday trading on Monday, the shares of Crown Place VCT experienced a slight decrease, trading down by GBX 0.70 to reach GBX 29 ($0.37). A total of 34,543 shares changed hands, which is lower than the average trading volume of 203,643 shares. Over the past months, Crown Place VCT has shown a 50-day simple moving average of GBX 29.02 and a two-hundred day simple moving average of GBX 29.53. The stock has a recorded 12-month low of GBX 28 ($0.36) and a high of GBX 31.20 ($0.40). The overall market capitalization of the firm stands at £88.19 million, and it has a price-to-earnings (PE) ratio of 38.11, with a beta value of 0.09.

Dividend Announcement by Crown Place VCT

Crown Place VCT has also announced a forthcoming dividend payment, scheduled for distribution on Wednesday, April 30th. Shareholders who are on record by Thursday, April 10th will receive a dividend of GBX 0.78 ($0.01) per share, which reflects a yield of 2.63%. The ex-dividend date for this payment is the same, Thursday, April 10th. Notably, Crown Place VCT's dividend payout ratio currently stands at 262.86%.

About Crown Place VCT

Crown Place VCT PLC is a Venture Capital Trust that focuses on investments in early-stage and growth-stage companies. The firm primarily prefers investments in sectors such as pubs, health and fitness clubs, cinemas, business services, healthcare technology, information technology, financial technology, and environmental sectors. The trust aims to invest in smaller, unquoted companies based in the United Kingdom.

Considerations Before Investing

Before making any investment decisions regarding Crown Place VCT, it is advisable to consider the broader market context and other available investment opportunities. Current feedback suggests that while Crown Place VCT has a Hold rating among analysts, there may be other stocks with more favorable projections worth exploring.

investment, stocks, dividend