HgCapital Trust (LON:HGT) Issues Earnings Results

HgCapital Trust (LON:HGT) released its quarterly earnings data on Monday. The investment trust reported GBX 0.88 earnings per share 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 Up 0.4%

HGT stock traded up GBX 1.50 during trading on Wednesday, hitting GBX 404. 2,890,049 shares of the stock traded hands, compared to its average volume of 2,363,490. HgCapital Trust has a one year low of GBX 318.64 and a one year high of GBX 512. The stock has a market cap of £1.83 billion, a price-to-earnings ratio of 18.80 and a beta of 0.41. The company has a 50 day simple moving average of GBX 401.77 and a 200 day simple moving average of GBX 388.10.

Insiders Place Their Bets

In other news, insider Jim Strang acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, June 30th. The shares were purchased at an average cost of GBX 384 per share, with a total value of £19,200. Corporate insiders own 0.20% of the company’s stock.

Analysts Set New Price Targets

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