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Henderson High Income Trust PLC ( (GB:HHI) ) has issued an announcement.
Henderson High Income Trust PLC announced the market purchase of 23,282 of its own shares at a price of 183.5p per share, following the authority granted at its Annual General Meeting. This move, which aims to manage the company’s share capital effectively, results in a total of 170,652,301 voting rights, as treasury shares do not carry voting rights.
Spark’s Take on GB:HHI Stock
According to Spark, TipRanks’ AI Analyst, GB:HHI is a Outperform.
Henderson High Income Trust PLC’s overall stock score is supported by strong financial performance and a robust valuation. The company’s strategic initiatives, including share buybacks and management fee reductions, contribute to an optimistic outlook. However, technical analysis suggests short-term caution, with the stock trading below its short-term moving averages.
To see Spark’s full report on GB:HHI stock, click here.
More about Henderson High Income Trust PLC
Henderson High Income Trust PLC operates in the investment management industry, focusing on providing high-income investment opportunities. The company is managed by Janus Henderson Fund Management UK Limited and is known for its investment trust services.
Average Trading Volume: 230,200
Technical Sentiment Signal: Buy
Learn more about HHI stock on TipRanks’ Stock Analysis page.