HgCapital Trust (LON:HGT) Reaches New 52-Week Low – Here’s What Happened

HgCapital Trust plc (LON:HGT)’s share price reached a new 52-week low on Wednesday . The company traded as low as GBX 335.64 and last traded at GBX 337, with a volume of 1567092 shares changing hands. The stock had previously closed at GBX 340.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reissued an “underperform” rating on shares of HgCapital Trust in a report on Friday, May 8th. One research analyst has rated the stock with a Sell rating, According to MarketBeat.com, HgCapital Trust currently has a consensus rating of “Sell”.

HgCapital Trust Trading Down 1.3%

The company’s fifty day simple moving average is GBX 379.76 and its 200 day simple moving average is GBX 440.69. The stock has a market capitalization of £1.52 billion, a P/E ratio of 15.62 and a beta of 0.40.

HgCapital Trust (LON:HGT) last issued 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 Activity

In related news, insider Helena Coles acquired 145 shares of the firm’s stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average cost of GBX 342 per share, for a total transaction of £495.90. 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.