HgCapital Trust (LON:HGT) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

HgCapital Trust plc (LON:HGT) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 499.40 ($6.48) and traded as high as GBX 519 ($6.74). HgCapital Trust shares last traded at GBX 518 ($6.73), with a volume of 1,035,316 shares.

HgCapital Trust Price Performance

The company has a quick ratio of 274.70, a current ratio of 131.50 and a debt-to-equity ratio of 6.58. The company has a market capitalization of £2.37 billion, a price-to-earnings ratio of 1,036.00 and a beta of 0.44. The stock’s 50-day simple moving average is GBX 512.65 and its two-hundred day simple moving average is GBX 499.40.

HgCapital Trust Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, October 25th. Investors of record on Thursday, September 26th were given a dividend of GBX 2 ($0.03) per share. The ex-dividend date was Thursday, September 26th. This represents a dividend yield of 0.39%. HgCapital Trust’s dividend payout ratio (DPR) is presently 1,400.00%.

Insider Activity at HgCapital Trust

In other news, insider Richard J. Brooman purchased 4,000 shares of the stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average cost of GBX 498 ($6.47) per share, with a total value of £19,920 ($25,863.41). 8.44% of the stock is currently owned by corporate insiders.

About HgCapital Trust

Hg Capital Trust plc specializes in direct, quoted and unquoted companies and fund of funds investments. The funds maximum exposure to unlisted investments is 100% of the gross assets and single investment in an unlisted company or closed-ended investments fund, whether made directly or indirectly, will exceed a maximum of 15% of gross assets.