HgCapital Trust (LON:HGT) Posts Quarterly Earnings Results

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

HgCapital Trust Stock Down 0.5%

Shares of HGT stock opened at GBX 407.25 on Monday. The business has a fifty day simple moving average of GBX 400.75 and a 200 day simple moving average of GBX 388.17. The company has a market cap of £1.84 billion, a P/E ratio of 18.95 and a beta of 0.41. HgCapital Trust has a twelve month low of GBX 318.64 and a twelve month high of GBX 512.

Insider Buying and Selling

In related news, insider Jim Strang bought 5,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was purchased at an average price of GBX 384 per share, with a total value of £19,200. Insiders own 0.20% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reissued an “underperform” rating on shares of HgCapital Trust in a report on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, According to 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.