HgCapital Trust plc (LON:HGT - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 515.04 ($6.97) and traded as low as GBX 498.63 ($6.75). HgCapital Trust shares last traded at GBX 508 ($6.87), with a volume of 424,103 shares traded.
HgCapital Trust Stock Down 0.4%
The firm has a market cap of £2.32 billion, a price-to-earnings ratio of 8.25 and a beta of 0.44. The company's 50-day moving average price is GBX 497.65 and its 200-day moving average price is GBX 514.82.
HgCapital Trust (LON:HGT - Get Free Report) last issued 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 announced a dividend, which was paid on Monday, May 19th. Investors of record on Thursday, March 20th were paid a dividend of GBX 3.50 ($0.05) per share. This represents a dividend yield of 0.7%. This is a positive change from HgCapital Trust's previous dividend of $2.00. The ex-dividend date of this dividend was Thursday, March 20th. HgCapital Trust's dividend payout ratio is presently 11.57%.
Insider Buying and Selling
In other news, insider Helena Coles bought 350 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were purchased at an average cost of GBX 483 ($6.54) per share, for a total transaction of £1,690.50 ($2,287.55). Also, insider Richard J. Brooman bought 4,500 shares of the business's stock in a transaction that occurred on Monday, April 7th. The shares were purchased at an average price of GBX 427 ($5.78) per share, for a total transaction of £19,215 ($26,001.35). Over the last ninety days, insiders have bought 11,947 shares of company stock worth $5,588,340. Company insiders own 8.44% of the company's stock.
About HgCapital Trust
(
Get Free Report)
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.
See Also
Before you consider HgCapital Trust, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and HgCapital Trust wasn't on the list.
While HgCapital Trust currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
