HgCapital Trust (LON:HGT) Shares Cross Below 200 Day Moving Average – Here’s What Happened

HgCapital Trust plc (LON:HGT)’s share price passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 517.86 ($6.69) and traded as low as GBX 499.39 ($6.45). HgCapital Trust shares last traded at GBX 506 ($6.54), with a volume of 643,211 shares.

HgCapital Trust Price Performance

The business’s 50-day moving average price is GBX 515.69 and its two-hundred day moving average price is GBX 517.86. The company has a market capitalization of £2.35 billion, a P/E ratio of 8.37 and a beta of 0.44.

HgCapital Trust (LON:HGT) last issued its quarterly earnings data on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) earnings per share (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. Shareholders of record on Thursday, March 20th will be paid a GBX 3.50 ($0.05) dividend. This is an increase from HgCapital Trust’s previous dividend of $2.00. The ex-dividend date of this dividend is Thursday, March 20th. This represents a dividend yield of 0.7%. HgCapital Trust’s dividend payout ratio (DPR) is currently 11.57%.

Insider Transactions at HgCapital Trust

In other HgCapital Trust news, insider Helena Coles purchased 3,033 shares of the stock in a transaction on Thursday, March 20th. The shares were purchased at an average cost of GBX 494 ($6.38) per share, for a total transaction of £14,983.02 ($19,357.91). Also, insider Jim Strang purchased 4,064 shares of the business’s stock in a transaction 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 ($25,833.18). 8.44% of the stock is owned by insiders.

About HgCapital Trust

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.