HgCapital Trust (LON:HGT) Announces Earnings Results

HgCapital Trust (LON:HGT) posted its earnings results 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 Price Performance

HGT traded up GBX 1.50 during trading on Wednesday, reaching GBX 404. 2,890,049 shares of the stock were exchanged, compared to its average volume of 2,363,490. HgCapital Trust has a 1 year low of GBX 318.64 and a 1 year high of GBX 512. The company has a market capitalization of £1.83 billion, a price-to-earnings ratio of 18.80 and a beta of 0.41. The business’s 50 day moving average price is GBX 401.77 and its two-hundred day moving average price is GBX 388.10.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reiterated an “underperform” rating on shares of HgCapital Trust in a research report on Tuesday, June 16th. One analyst has rated the stock with a Sell rating, According to data from MarketBeat, HgCapital Trust currently has a consensus rating of “Sell”.

Insider Activity

In related news, insider Jim Strang acquired 5,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of GBX 384 per share, with a total value of £19,200. Insiders own 0.20% of the company’s stock.

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.