HgCapital Trust (LON:HGT) Shares Down 7.6% – Should You Sell?

HgCapital Trust plc (LON:HGT) fell 7.6% during mid-day trading on Tuesday . The stock traded as low as GBX 392 and last traded at GBX 397.50. 2,994,458 shares were traded during mid-day trading, an increase of 12% from the average session volume of 2,683,747 shares. The stock had previously closed at GBX 430.

HgCapital Trust Stock Performance

The stock has a market capitalization of £1.79 billion, a P/E ratio of 22.82 and a beta of 0.44. The stock has a 50 day moving average of GBX 480.97 and a 200 day moving average of GBX 487.02.

Insider Buying and Selling

In other HgCapital Trust news, insider Helena Coles purchased 2,352 shares of the stock in a transaction dated Friday, February 6th. The shares were bought at an average cost of GBX 425 per share, with a total value of £9,996. Also, insider Jim Strang acquired 9,895 shares of the business’s stock in a transaction that occurred on Friday, February 6th. The shares were bought at an average price of GBX 427 per share, for a total transaction of £42,251.65. Insiders have acquired 53,818 shares of company stock valued at $23,139,717 in the last ninety days. Insiders own 0.19% of the company’s stock.

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.