HgCapital Trust (LON:HGT) Announces Quarterly Earnings Results

HgCapital Trust (LON:HGT) announced its quarterly earnings data on Monday. The investment trust reported GBX 0.88 earnings per share (EPS) for the quarter, Digital Look Earnings reports. HgCapital Trust had a return on equity of 3.90% and a net margin of 88.67%.

HgCapital Trust Stock Performance

HgCapital Trust stock opened at GBX 401.22 on Monday. HgCapital Trust has a 1 year low of GBX 318.64 and a 1 year high of GBX 512. The firm’s 50-day moving average is GBX 400.75 and its 200-day moving average is GBX 388.17. The company has a market cap of £1.82 billion, a P/E ratio of 18.67 and a beta of 0.41.

Insider Buying and Selling at HgCapital Trust

In other HgCapital Trust news, insider Jim Strang acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of GBX 384 per share, for a total transaction of £19,200. 0.20% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reiterated an “underperform” rating on shares of HgCapital Trust in a research report on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, Based on data from MarketBeat.com, the company currently has an average rating of “Sell”.

HgCapital Trust Company Profile

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.