HgCapital Trust (LON:HGT) Hits New 1-Year Low - Time to Sell?

Key Points

• New 52-week low: HgCapital Trust reached a 52-week low of GBX 365.50 and last traded at GBX 372 on volume 428,151, trading well below its 50-day (GBX 411.18) and 200-day (GBX 463.93) moving averages, signaling a clear downtrend.
• Insider buying: Insiders including Jim Strang and Richard J. Brooman bought shares at GBX 427 on Feb 6, and insiders purchased 49,341 shares over the past 90 days, suggesting management confidence despite the share-price weakness; insiders own 0.19% of the stock.
• Key fundamentals: The trust has a market cap of £1.71 billion and a P/E of 17.51, reported quarterly EPS of GBX 3.13 with a high net margin (88.67%) but a modest return on equity (3.90%).

HgCapital Trust plc (LON:HGT - Get Free Report)'s share price reached a new 52-week low on Friday . The company traded as low as GBX 365.50 and last traded at GBX 372, with a volume of 428151 shares. The stock had previously closed at GBX 370.

HgCapital Trust Trading Up 1.7%

The stock's fifty day moving average is GBX 411.18 and its two-hundred day moving average is GBX 463.93. The firm has a market cap of £1.71 billion, a P/E ratio of 17.51 and a beta of 0.42.

HgCapital Trust (LON:HGT - Get Free Report) last posted its earnings results on Monday, March 9th. The investment trust reported GBX 3.13 earnings per share for the quarter. HgCapital Trust had a net margin of 88.67% and a return on equity of 3.90%.

Insider Transactions at HgCapital Trust

In related news, insider Jim Strang purchased 9,895 shares of the firm's stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of GBX 427 per share, with a total value of £42,251.65. Also, insider Richard J. Brooman purchased 5,500 shares of the firm's stock in a transaction dated Friday, February 6th. The stock was bought at an average cost of GBX 427 per share, for a total transaction of £23,485. Over the last ninety days, insiders have purchased 49,341 shares of company stock worth $20,954,941. Company insiders own 0.19% of the company's stock.

About HgCapital Trust

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.

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