HgCapital Trust (LON:HGT) Posts Quarterly Earnings Results

by · The Markets Daily

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

HgCapital Trust Trading Down 0.4%

LON:HGT traded down GBX 1.76 during mid-day trading on Monday, hitting GBX 407.74. The stock had a trading volume of 469,146 shares, compared to its average volume of 2,371,796. The company has a market capitalization of £1.85 billion, a PE ratio of 18.97 and a beta of 0.41. The stock has a 50-day simple moving average of GBX 400.75 and a two-hundred day simple moving average of GBX 388.17. HgCapital Trust has a twelve month low of GBX 318.64 and a twelve month high of GBX 512.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed 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, Based on data from MarketBeat.com, the company presently has an average rating of “Sell”.

View Our Latest Analysis on HgCapital Trust

Insiders Place Their Bets

In related news, insider Jim Strang acquired 5,000 shares of HgCapital Trust stock in a transaction dated Tuesday, June 30th. The stock was acquired at an average price of GBX 384 per share, for a total transaction of £19,200. Insiders own 0.20% 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 +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.

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