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An announcement from Henderson High Income Trust PLC ( (GB:HHI) ) is now available.
Henderson High Income Trust PLC announced the market purchase of 42,500 of its own ordinary shares at a price of 180.8824p per share, as authorized in the May 2025 Annual General Meeting. This action, which results in these shares being held in treasury, maintains the company’s issued ordinary share capital at 172,141,700 shares, with 1,576,899 shares held in treasury and not carrying voting rights. Consequently, the total number of voting rights in the company is now 170,564,801. This move is part of the company’s strategy to manage its capital structure effectively, potentially impacting shareholder value and market perception.
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 is part of the financial services industry, focusing on investment management. The company primarily offers investment trust services, aiming to provide high income through diversified investments in equities and fixed income securities.
Average Trading Volume: 231,933
Technical Sentiment Signal: Buy
For an in-depth examination of HHI stock, go to TipRanks’ Overview page.