HgCapital Trust (LON:HGT) Posts Quarterly Earnings Results

HgCapital Trust (LON:HGT) issued its quarterly earnings results on Monday. The investment trust reported GBX 3.13 earnings per share for the quarter, Digital Look Earnings reports. HgCapital Trust had a return on equity of 3.15% and a net margin of 91.61%.

HgCapital Trust Price Performance

Shares of HGT stock opened at GBX 399.52 on Monday. The business’s 50 day simple moving average is GBX 463.75 and its 200 day simple moving average is GBX 480.60. HgCapital Trust has a one year low of GBX 365.50 and a one year high of GBX 530. The stock has a market capitalization of £1.83 billion, a PE ratio of 23.35 and a beta of 0.27.

Insider Buying and Selling at HgCapital Trust

In other news, insider Richard J. Brooman purchased 5,500 shares of the company’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average price of GBX 427 per share, for a total transaction of £23,485. Also, insider Jim Strang acquired 9,895 shares of HgCapital Trust stock in a transaction dated Friday, February 6th. The stock was purchased at an average cost of GBX 427 per share, for a total transaction of £42,251.65. In the last three months, insiders have acquired 49,341 shares of company stock worth $20,954,941. Company insiders own 0.19% of the company’s stock.

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.