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

HgCapital Trust plc (LON:HGT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 504.64 ($6.39) and traded as high as GBX 540 ($6.83). HgCapital Trust shares last traded at GBX 530 ($6.71), with a volume of 353,239 shares trading hands.

HgCapital Trust Stock Performance

The company has a market cap of £2.43 billion, a P/E ratio of 1,060.00 and a beta of 0.44. The firm has a 50 day moving average price of GBX 512.62 and a 200-day moving average price of GBX 504.64. The company has a debt-to-equity ratio of 6.58, a quick ratio of 274.70 and a current ratio of 131.50.

HgCapital Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were issued 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 1,400.00%.

Insider Buying and Selling at HgCapital Trust

In other HgCapital Trust news, insider Richard J. Brooman purchased 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average cost of GBX 498 ($6.30) per share, for a total transaction of £19,920 ($25,205.62). 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.