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

HgCapital Trust plc (LON:HGT)’s share price crossed 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 changing hands.

HgCapital Trust Stock Down 0.6 %

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

HgCapital Trust (LON:HGT) last released its quarterly earnings data 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 firm also recently declared a dividend, which will be paid on Monday, May 19th. Investors of record on Thursday, March 20th will be paid a dividend of GBX 3.50 ($0.05) per share. This is an increase from HgCapital Trust’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 0.7%. HgCapital Trust’s dividend payout ratio is presently 11.57%.

About HgCapital Trust

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.