HgCapital Trust (LON:HGT) Announces Quarterly Earnings Results

HgCapital Trust (LON:HGT) announced its quarterly earnings data on Monday. The investment trust reported GBX 0.88 earnings per share (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 Trading Up 0.2%

HGT traded up GBX 0.74 on Wednesday, hitting GBX 403.24. 491,351 shares of the company’s stock were exchanged, compared to its average volume of 2,350,090. The stock has a fifty day moving average of GBX 401.77 and a two-hundred day moving average of GBX 388.10. HgCapital Trust has a twelve month low of GBX 318.64 and a twelve month high of GBX 512. The firm has a market cap of £1.83 billion, a PE ratio of 18.76 and a beta of 0.41.

Wall Street Analyst Weigh In

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

Insider Buying and Selling

In related news, insider Jim Strang bought 5,000 shares of the stock in a transaction dated Tuesday, June 30th. The stock was bought at an average cost of GBX 384 per share, with a total value of £19,200. 0.20% of the stock is currently owned by insiders.

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.