HgCapital Trust’s (HGT) Underperform Rating Reiterated at Jefferies Financial Group

HgCapital Trust (LON:HGT)‘s stock had its “underperform” rating reaffirmed by equities research analysts at Jefferies Financial Group in a report released on Tuesday,London Stock Exchange reports.

HgCapital Trust Stock Down 1.2%

HGT stock opened at GBX 392.05 on Tuesday. HgCapital Trust has a twelve month low of GBX 318.64 and a twelve month high of GBX 530. The company has a market cap of £1.78 billion, a PE ratio of 18.24 and a beta of 0.40. The business’s 50-day simple moving average is GBX 369.25 and its 200 day simple moving average is GBX 426.50.

Insider Buying and Selling at HgCapital Trust

In other news, insider Helena Coles acquired 145 shares of the stock in a transaction dated Thursday, May 14th. The shares were acquired at an average cost of GBX 342 per share, for a total transaction of £495.90. Insiders own 0.20% 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.