HgCapital Trust plc (LON:HGT) Insider Jim Strang Buys 4,064 Shares

HgCapital Trust plc (LON:HGT) insider Jim Strang bought 4,064 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of GBX 492 ($6.36) per share, for a total transaction of £19,994.88 ($25,836.52).

HgCapital Trust Price Performance

HGT stock opened at GBX 490 ($6.33) on Tuesday. HgCapital Trust plc has a one year low of GBX 461 ($5.96) and a one year high of GBX 550 ($7.11). The stock has a market cap of £2.27 billion, a price-to-earnings ratio of 8.10 and a beta of 0.44. The company has a fifty day moving average price of GBX 517.14 and a two-hundred day moving average price of GBX 518.09.

HgCapital Trust (LON:HGT) last announced its quarterly earnings results on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) EPS 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 company also recently declared a dividend, which will be paid on Monday, May 19th. Investors of record on Thursday, March 20th will be issued a dividend of GBX 3.50 ($0.05) per share. This is a boost from HgCapital Trust’s previous dividend of $2.00. This represents a yield of 0.7%. The ex-dividend date of this dividend is Thursday, March 20th. HgCapital Trust’s dividend payout ratio (DPR) is presently 11.57%.

HgCapital Trust Company Profile

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.