HgCapital Trust (LON:HGT) Sets New 1-Year Low - Here's What Happened

Key Points

• HgCapital Trust hit a new 52-week low, trading as low as GBX 365.50 and last at GBX 367.09 on high volume (911,788 shares) after a prior close of GBX 376.50.
• The stock is trading well below its moving averages (50-day GBX 401.86, 200-day GBX 456.32) and has a market cap of £1.69 billion with a PE of 17.31; last reported quarterly EPS was GBX 3.13.
• Insiders have been buying: Pilar Junco bought 10,000 shares at GBX 419 and Richard J. Brooman 5,500 at GBX 427, with insiders totaling 49,341 shares bought last quarter while owning 0.19% of the company.

HgCapital Trust plc (LON:HGT - Get Free Report) shares reached a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 365.50 and last traded at GBX 367.09, with a volume of 911788 shares changing hands. The stock had previously closed at GBX 376.50.

HgCapital Trust Stock Performance

The stock has a fifty day moving average of GBX 401.86 and a 200-day moving average of GBX 456.32. The company has a market cap of £1.69 billion, a PE ratio of 17.31 and a beta of 0.42.

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

Insider Buying and Selling at HgCapital Trust

In other news, insider Pilar Junco bought 10,000 shares of the firm's stock in a transaction on Friday, February 6th. The stock was acquired at an average cost of GBX 419 per share, with a total value of £41,900. Also, insider Richard J. Brooman bought 5,500 shares of the firm's stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of GBX 427 per share, with a total value of £23,485. Insiders purchased a total of 49,341 shares of company stock worth $20,954,941 over the last quarter. 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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