HgCapital Trust (LON:HGT) Issues Quarterly Earnings Results

HgCapital Trust (LON:HGT) issued 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 net margin of 88.67% and a return on equity of 3.90%.

HgCapital Trust Stock Up 4.1%

Shares of HGT stock opened at GBX 419 on Wednesday. The business’s fifty day moving average is GBX 401.77 and its 200 day moving average is GBX 388.10. The stock has a market cap of £1.90 billion, a price-to-earnings ratio of 19.50 and a beta of 0.41. HgCapital Trust has a twelve month low of GBX 318.64 and a twelve month high of GBX 512.

Analysts Set New Price Targets

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

Insider Buying and Selling

In other HgCapital Trust news, insider Jim Strang bought 5,000 shares of the company’s stock in a transaction dated Tuesday, June 30th. The shares were purchased at an average price of GBX 384 per share, for a total transaction of £19,200. Corporate insiders own 0.20% of the company’s stock.

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.