HarbourVest Global Private Equity (LON:HVPE) Hits New 12-Month High – Here’s Why

Shares of HarbourVest Global Private Equity Ltd. (LON:HVPE) hit a new 52-week high during mid-day trading on Tuesday . The company traded as high as GBX 47 and last traded at GBX 3,405, with a volume of 293973 shares trading hands. The stock had previously closed at GBX 3,370.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of HarbourVest Global Private Equity in a research note on Friday, May 29th. One analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

HarbourVest Global Private Equity Price Performance

The company has a current ratio of 9.08, a quick ratio of 143.41 and a debt-to-equity ratio of 13.36. The company has a market capitalization of £2.38 billion, a PE ratio of 7.45 and a beta of 0.43. The stock’s 50-day moving average is GBX 3,326.97 and its two-hundred day moving average is GBX 3,165.49.

Insider Activity at HarbourVest Global Private Equity

In other HarbourVest Global Private Equity news, insider Alan Devine bought 1,485 shares of the business’s stock in a transaction dated Wednesday, July 1st. The shares were purchased at an average price of GBX 3,365 per share, with a total value of £49,970.25. Corporate insiders own 0.38% of the company’s stock.

HarbourVest Global Private Equity Company Profile

HVPE exists to provide easy access to a diversified global portfolio of high-quality private companies by investing in HarbourVest-managed funds, through which we help support innovation and growth in a responsible manner, creating value for all our stakeholders.

Our focus is on building a comprehensive global portfolio of the highest quality investments, in a proactive yet measured way, with the strength of our balance sheet underpinning everything we do.

Our multi-layered investment approach creates diversification, helping to spread risk, and is fundamental to our aim of creating a portfolio that no individual investor can replicate.