HgCapital Trust (LON:HGT) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of HgCapital Trust plc (LON:HGT) passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 500.99 and traded as low as GBX 477.50. HgCapital Trust shares last traded at GBX 479.50, with a volume of 780,557 shares trading hands.

HgCapital Trust Price Performance

The firm has a market cap of £2.17 billion, a P/E ratio of 27.77 and a beta of 0.44. The stock’s 50-day simple moving average is GBX 491.63 and its two-hundred day simple moving average is GBX 500.99.

HgCapital Trust (LON:HGT) last posted its quarterly earnings data on Monday, September 15th. The investment trust reported GBX 2.04 earnings per share for the quarter. HgCapital Trust had a net margin of 91.03% and a return on equity of 11.93%.

Insiders Place Their Bets

In related news, insider Jim Strang bought 7,500 shares of the stock in a transaction dated Friday, October 3rd. The stock was purchased at an average cost of GBX 500 per share, with a total value of £37,500. Also, insider Graham Paterson bought 7,000 shares of the stock in a transaction dated Wednesday, October 8th. The shares were bought at an average cost of GBX 500 per share, with a total value of £35,000. Insiders own 0.18% 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 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.