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

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

HgCapital Trust Stock Performance

The business’s 50-day moving average is GBX 515.35 and its two-hundred day moving average is GBX 517.74. The firm has a market capitalization of £2.31 billion, a price-to-earnings ratio of 8.24 and a beta of 0.44.

HgCapital Trust (LON:HGT) last posted its earnings results on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) earnings per share 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 firm also recently announced 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 represents a yield of 0.7%. This is a boost from HgCapital Trust’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, March 20th. HgCapital Trust’s dividend payout ratio is presently 11.57%.

Insiders Place Their Bets

In other HgCapital Trust news, insider Jim Strang acquired 4,064 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of GBX 492 ($6.39) per share, with a total value of £19,994.88 ($25,964.00). Also, insider Helena Coles bought 3,033 shares of HgCapital Trust stock in a transaction that occurred on Thursday, March 20th. The shares were acquired at an average price of GBX 494 ($6.41) per share, with a total value of £14,983.02 ($19,455.94). Corporate insiders own 8.44% of the company’s stock.

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.