HgCapital Trust (LON:HGT) Share Price Passes Below 200-Day Moving Average - Here's What Happened

HgCapital Trust plc (LON:HGT - Get Free Report) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 515.48 ($6.86) and traded as low as GBX 504 ($6.70). HgCapital Trust shares last traded at GBX 507 ($6.74), with a volume of 231,396 shares traded.

HgCapital Trust Stock Performance

The stock has a market capitalization of £2.35 billion, a P/E ratio of 8.38 and a beta of 0.44. The company's 50-day moving average price is GBX 500.08 and its 200 day moving average price is GBX 515.48.

HgCapital Trust (LON:HGT - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) earnings per share (EPS) for the quarter. HgCapital Trust had a net margin of 91.03% and a return on equity of 11.93%.

HgCapital Trust Increases Dividend

The company also recently disclosed a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, March 20th will be paid a GBX 3.50 ($0.05) dividend. The ex-dividend date is Thursday, March 20th. This represents a yield of 0.7%. This is an increase from HgCapital Trust's previous dividend of $2.00. HgCapital Trust's dividend payout ratio (DPR) is presently 11.57%.

Insider Transactions at HgCapital Trust

In other HgCapital Trust news, insider Jim Strang purchased 4,064 shares of the firm's stock in a transaction on Monday, March 24th. The stock was bought at an average cost of GBX 492 ($6.55) per share, for a total transaction of £19,994.88 ($26,599.55). Also, insider Helena Coles bought 350 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was bought at an average price of GBX 483 ($6.43) per share, with a total value of £1,690.50 ($2,248.90). Over the last ninety days, insiders acquired 11,947 shares of company stock worth $5,588,340. 8.44% of the stock is currently owned by 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.

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