HgCapital Trust (LON:HGT) Posts Earnings Results

HgCapital Trust (LON:HGT) released its quarterly earnings data on Monday. The investment trust reported GBX 0.88 earnings per share (EPS) for the quarter, Digital Look Earnings reports. HgCapital Trust had a net margin of 88.67% and a return on equity of 3.90%.

HgCapital Trust Trading Down 1.1%

Shares of HgCapital Trust stock opened at GBX 400.40 on Tuesday. The stock has a fifty day simple moving average of GBX 401.26 and a 200 day simple moving average of GBX 388.27. HgCapital Trust has a 12-month low of GBX 318.64 and a 12-month high of GBX 512. The company has a market capitalization of £1.81 billion, a P/E ratio of 18.63 and a beta of 0.41.

Insiders Place Their Bets

In related news, insider Jim Strang acquired 5,000 shares of the company’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of GBX 384 per share, for a total transaction of £19,200. Company insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

Separately, Jefferies Financial Group reissued an “underperform” rating on shares of HgCapital Trust in a research note on Tuesday, June 16th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat, HgCapital Trust has a consensus rating of “Sell”.

HgCapital Trust Company Profile

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.