HgCapital Trust (LON:HGT – Get Free Report) posted its quarterly earnings results on Monday. The investment trust reported GBX 0.88 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 Trading Down 1.5%
LON HGT opened at GBX 403.27 on Monday. The firm has a market capitalization of £1.83 billion, a PE ratio of 18.77 and a beta of 0.41. The business’s 50-day moving average price is GBX 400.75 and its two-hundred day moving average price is GBX 388.17. HgCapital Trust has a 12 month low of GBX 318.64 and a 12 month high of GBX 512.
Insider Activity
In related news, insider Jim Strang acquired 5,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of GBX 384 per share, for a total transaction of £19,200. 0.20% of the stock is owned by company insiders.
Wall Street Analyst Weigh In
Get Our Latest Research Report on HgCapital Trust
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.
Further Reading
- Five stocks we like better than HgCapital Trust
- Smart Money Shifts: U.S. Bancorp Pairs Tech With Yield
- Why Bitcoin ETFs May Be Worth Another Look as Inflows Rebound
- 3 Small-Cap Biotechs With Binary Catalysts on the Calendar
- Planet Labs Has Fallen Back to Earth, But Wall Street Still Sees a Rebound
Receive News & Ratings for HgCapital Trust Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for HgCapital Trust and related companies with MarketBeat.com's FREE daily email newsletter.
