HgCapital Trust (LON:HGT) Releases Earnings Results

HgCapital Trust (LON:HGT) issued its earnings results on Monday. The investment trust reported GBX 0.88 earnings per share 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 Down 0.5%

HGT stock traded down GBX 2 during mid-day trading on Tuesday, reaching GBX 403. The company had a trading volume of 261,927 shares, compared to its average volume of 2,359,923. HgCapital Trust has a one year low of GBX 318.64 and a one year high of GBX 512. The stock has a market capitalization of £1.83 billion, a P/E ratio of 18.75 and a beta of 0.41. The stock’s 50-day simple moving average is GBX 401.26 and its two-hundred day simple moving average is GBX 388.27.

Insider Buying and Selling at HgCapital Trust

In other news, insider Jim Strang acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 30th. The shares were acquired at an average price of GBX 384 per share, with a total value of £19,200. 0.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed 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, HgCapital Trust presently 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.