HgCapital Trust (LON:HGT) Hits New 12-Month High – Here’s Why

HgCapital Trust plc (LON:HGT) reached a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 550 ($6.93) and last traded at GBX 544 ($6.85), with a volume of 413181 shares. The stock had previously closed at GBX 537 ($6.76).

HgCapital Trust Stock Performance

The stock’s 50 day moving average is GBX 514.55 and its 200 day moving average is GBX 506.02. The company has a current ratio of 131.50, a quick ratio of 274.70 and a debt-to-equity ratio of 6.58. The firm has a market cap of £2.50 billion, a price-to-earnings ratio of 1,080.00 and a beta of 0.44.

HgCapital Trust Cuts Dividend

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

Insiders Place Their Bets

In other HgCapital Trust news, insider Richard J. Brooman acquired 4,000 shares of HgCapital Trust stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average cost of GBX 498 ($6.27) per share, with a total value of £19,920 ($25,085.00). Company insiders own 8.44% of the company’s stock.

HgCapital Trust Company Profile

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.