HgCapital Trust (LON:HGT) Releases Earnings Results

HgCapital Trust (LON:HGTGet 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

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

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HgCapital Trust Company Profile

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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

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