HgCapital Trust (LON:HGT) Releases Quarterly Earnings Results

HgCapital Trust (LON:HGT) released its quarterly earnings results on Monday. The investment trust reported GBX 0.88 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 Stock Performance

HgCapital Trust stock traded down GBX 2 during mid-day trading on Tuesday, reaching GBX 403. The stock had a trading volume of 230,878 shares, compared to its average volume of 2,359,749. HgCapital Trust has a fifty-two week low of GBX 318.64 and a fifty-two week high of GBX 512. The firm has a market capitalization of £1.83 billion, a PE ratio of 18.75 and a beta of 0.41. The stock’s 50-day simple moving average is GBX 401.26 and its 200-day simple moving average is GBX 388.27.

Insider Activity

In other HgCapital Trust news, insider Jim Strang bought 5,000 shares of the stock in a transaction dated Tuesday, June 30th. The shares were bought at an average cost of GBX 384 per share, for a total transaction of £19,200. 0.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

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

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.