HgCapital Trust (LON:HGT) Reaches New 52-Week High Following Dividend Announcement

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HgCapital Trust plc (LON:HGT)’s stock price hit a new 52-week high on Monday after the company announced a dividend. The stock traded as high as GBX 237.30 ($3.10) and last traded at GBX 236.94 ($3.10), with a volume of 43595 shares trading hands. The stock had previously closed at GBX 223.50 ($2.92).

The newly announced dividend which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 19th will be issued a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.76%. HgCapital Trust’s dividend payout ratio (DPR) is presently 0.18%.

The company has a market cap of $942.08 million and a P/E ratio of 8.63. The firm’s 50 day moving average is GBX 214.40 and its two-hundred day moving average is GBX 888.97.

In related news, insider Guy Wakeley acquired 2,755 shares of the firm’s stock in a transaction that occurred on Friday, June 14th. The stock was acquired at an average cost of GBX 217 ($2.84) per share, for a total transaction of £5,978.35 ($7,811.77).

HgCapital Trust Company Profile (LON:HGT)

HgCapital Trust plc is an investment trust company. The Company’s investment objective is to provide shareholders with consistent long-term capital appreciation in excess of the Financial Times and the London Stock Exchange (FTSE) All-Share Index by investing in unquoted companies. It invests primarily in technology and technology-enabled services across Europe.

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