HgCapital Trust (LON:HGT) Sets New 1-Year Low – Here’s What Happened

HgCapital Trust plc (LON:HGT) hit a new 52-week low on Friday . The company traded as low as GBX 365.50 and last traded at GBX 367.09, with a volume of 911788 shares changing hands. The stock had previously closed at GBX 376.50.

HgCapital Trust Trading Down 1.2%

The stock has a 50-day simple moving average of GBX 401.86 and a two-hundred day simple moving average of GBX 456.32. The firm has a market capitalization of £1.69 billion, a P/E ratio of 17.31 and a beta of 0.42.

HgCapital Trust (LON:HGT) last issued its earnings results on Monday, March 9th. The investment trust reported GBX 3.13 earnings per share for the quarter. HgCapital Trust had a return on equity of 3.90% and a net margin of 88.67%.

Insider Transactions at HgCapital Trust

In related news, insider Pilar Junco purchased 10,000 shares of HgCapital Trust stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of GBX 419 per share, with a total value of £41,900. Also, insider John Billowits purchased 10,000 shares of HgCapital Trust stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of GBX 426 per share, with a total value of £42,600. In the last quarter, insiders purchased 49,341 shares of company stock worth $20,954,941. Company insiders own 0.19% of the company’s stock.

About HgCapital Trust

HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of +58 private companies sourced by Hg. Value is created through implementing an investment strategy focused on software and business service companies with resilient, recurring revenue streams and from leveraging the network and expertise of Hg to support management teams to deliver the full potential of their respective businesses.
Hg brings to HgT an experienced team of c.430 employees, including >250 investment and other professional executives, supported by a network of portfolio partners, all of them seasoned senior managers from across industry, who work with the management teams of the companies in which we are invested to create value for shareholders.
At the centre of this network, Hg builds and shares knowledge and expertise by facilitating the active collaboration of management teams across sector clusters and geographies.
HgT’s funds are invested pro rata alongside those of Hg’s other institutional clients.