HgCapital Trust (LON:HGT) Posts Quarterly Earnings Results

HgCapital Trust (LON:HGT) released 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 Stock Down 0.5%

Shares of LON:HGT traded down GBX 2.25 on Monday, hitting GBX 407.25. The company had a trading volume of 435,911 shares, compared to its average volume of 2,371,608. The firm’s 50-day simple moving average is GBX 400.75 and its two-hundred day simple moving average is GBX 388.17. The firm has a market capitalization of £1.84 billion, a price-to-earnings ratio of 18.95 and a beta of 0.41. HgCapital Trust has a 1 year low of GBX 318.64 and a 1 year high of GBX 512.

Insider Buying and Selling

In other news, insider Jim Strang acquired 5,000 shares of the business’s stock in a transaction on Tuesday, June 30th. The shares were acquired at an average cost of GBX 384 per share, with a total value of £19,200. 0.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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, According to data from MarketBeat.com, HgCapital Trust currently has a consensus rating of “Sell”.

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.