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Henderson High Income Trust PLC ( (GB:HHI) ) just unveiled an update.
Henderson High Income Trust PLC, managed by Janus Henderson Fund Management UK Limited, has executed a market purchase of its own shares, acquiring 363 ordinary shares at 182p each. This transaction is part of the authority granted at the company’s Annual General Meeting to repurchase up to 14.99% of its shares. The purchased shares will be held in treasury, reducing the total number of voting rights in the company to 169,923,019, as treasury shares do not carry voting rights. This move may impact the company’s share liquidity and shareholder value.
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
Average Trading Volume: 205,999
Technical Sentiment Signal: Buy
Learn more about HHI stock on TipRanks’ Stock Analysis page.