HgCapital Trust (LON:HGT) Stock Price Down 8.3% – Time to Sell?

Shares of HgCapital Trust plc (LON:HGT) dropped 8.3% during trading on Wednesday . The stock traded as low as GBX 370.68 and last traded at GBX 371.38. Approximately 4,260,814 shares were traded during mid-day trading, an increase of 228% from the average daily volume of 1,300,791 shares. The stock had previously closed at GBX 405.

HgCapital Trust Price Performance

The firm’s 50-day simple moving average is GBX 494.96 and its 200 day simple moving average is GBX 494.49. The firm has a market capitalization of £1.71 billion, a price-to-earnings ratio of 21.79 and a beta of 0.44.

Insiders Place Their Bets

In other HgCapital Trust news, insider Helena Coles bought 4,072 shares of the firm’s stock in a transaction on Friday, November 28th. The shares were purchased at an average price of GBX 488 per share, for a total transaction of £19,871.36. 0.19% of the stock is owned by company insiders.

HgCapital Trust Company Profile

HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of c.50 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.
With highly predictable and stable cash flows, the top 20 businesses (representing 76% by value of HGT’s investments) reported aggregate sales of £10.6 billion and EBITDA of £3.3 billion over the last 12 months, equating to an EBITDA margin of 31%.
Hg brings to HgT an experienced team of c.400 employees, including c.