HgCapital Trust (LON:HGT) Shares Cross Below 200-Day Moving Average – Here’s Why

Shares of HgCapital Trust plc (LON:HGT) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 517.86 ($6.72) and traded as low as GBX 499.39 ($6.48). HgCapital Trust shares last traded at GBX 506 ($6.57), with a volume of 643,211 shares trading hands.

HgCapital Trust Stock Down 0.3 %

The stock has a market capitalization of £2.31 billion, a P/E ratio of 8.24 and a beta of 0.44. The business has a 50-day simple moving average of GBX 515.35 and a two-hundred day simple moving average of GBX 517.74.

HgCapital Trust (LON:HGT) last announced its earnings results on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) earnings per share (EPS) for the quarter. HgCapital Trust had a net margin of 91.03% and a return on equity of 11.93%.

HgCapital Trust Increases Dividend

The company also recently announced a dividend, which will be paid on Monday, May 19th. Stockholders of record on Thursday, March 20th will be paid a GBX 3.50 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 0.7%. This is a boost from HgCapital Trust’s previous dividend of $2.00. HgCapital Trust’s payout ratio is 11.57%.

Insider Transactions at HgCapital Trust

In other news, insider Helena Coles bought 3,033 shares of the stock in a transaction dated Thursday, March 20th. The stock was bought at an average cost of GBX 494 ($6.41) per share, with a total value of £14,983.02 ($19,455.94). Also, insider Jim Strang purchased 4,064 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were purchased at an average cost of GBX 492 ($6.39) per share, for a total transaction of £19,994.88 ($25,964.00). 8.44% of the stock is owned by company insiders.

HgCapital Trust Company Profile

HgT provides investors with a unique opportunity to participate in the growth in value of a portfolio of c.50 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.
With highly predictable and stable cash flows, the top 20 businesses (representing 76% by value of HGT’s investments) reported aggregate sales of £10.6 billion and EBITDA of £3.3 billion over the last 12 months, equating to an EBITDA margin of 31%.
Hg brings to HgT an experienced team of c.400 employees, including c.