HgCapital Trust (LON:HGT) Sets New 52-Week Low – Here’s What Happened

Shares of HgCapital Trust plc (LON:HGT) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 335.64 and last traded at GBX 337, with a volume of 1567092 shares changing hands. The stock had previously closed at GBX 340.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group restated an “underperform” rating on shares of HgCapital Trust in a report on Friday, May 8th. One equities research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, HgCapital Trust presently has a consensus rating of “Sell”.

HgCapital Trust Price Performance

The firm’s fifty day moving average price is GBX 376.82 and its two-hundred day moving average price is GBX 438.53. The stock has a market cap of £1.46 billion, a price-to-earnings ratio of 14.96 and a beta of 0.40.

HgCapital Trust (LON:HGT) last announced its quarterly earnings data on Monday, March 9th. The investment trust reported GBX 3.13 earnings per share for the quarter. HgCapital Trust had a net margin of 88.67% and a return on equity of 3.90%.

Insider Buying and Selling at HgCapital Trust

In other HgCapital Trust news, insider Helena Coles bought 145 shares of the stock in a transaction that occurred on Thursday, May 14th. The shares were bought at an average price of GBX 342 per share, for a total transaction of £495.90. 0.19% of the stock is owned by corporate insiders.

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.