HgCapital Trust (LON:HGT) Stock Crosses Above 200 Day Moving Average – Here’s What Happened

Shares of HgCapital Trust plc (LON:HGT) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 519.13 ($6.75) and traded as high as GBX 522 ($6.79). HgCapital Trust shares last traded at GBX 504 ($6.55), with a volume of 575,705 shares.

HgCapital Trust Stock Down 0.6 %

The stock has a fifty day simple moving average of GBX 518.79 and a 200 day simple moving average of GBX 518.97. The firm has a market capitalization of £2.30 billion, a P/E ratio of 8.18 and a beta of 0.44.

HgCapital Trust (LON:HGT) last released 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 return on equity of 11.93% and a net margin of 91.03%.

HgCapital Trust Increases Dividend

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

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.