HgCapital Trust (LON:HGT) Announces Quarterly Earnings Results

HgCapital Trust (LON:HGT) announced its quarterly earnings data on Monday. The investment trust reported GBX 0.88 earnings per share for the quarter, Digital Look Earnings reports. HgCapital Trust had a net margin of 364.86% and a negative return on equity of 0.94%.

HgCapital Trust Stock Performance

HGT stock traded down GBX 11.35 on Friday, hitting GBX 407.15. The company’s stock had a trading volume of 1,773,181 shares, compared to its average volume of 2,349,330. The stock has a market cap of £1.84 billion, a price-to-earnings ratio of 18.95 and a beta of 0.41. The firm has a 50 day moving average of GBX 404.11 and a two-hundred day moving average of GBX 388.25. The company has a current ratio of 86.08, a quick ratio of 274.70 and a debt-to-equity ratio of 5.56. HgCapital Trust has a 1 year low of GBX 318.64 and a 1 year high of GBX 512.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reissued an “underperform” rating on shares of HgCapital Trust in a research report on Tuesday, June 16th. One research analyst has rated the stock with a Sell rating, According to data from MarketBeat.com, the company has a consensus rating of “Sell”.

Insider Buying and Selling at HgCapital Trust

In related news, insider Jim Strang purchased 5,000 shares of the stock in a transaction that occurred on Tuesday, June 30th. The shares were purchased at an average price of GBX 384 per share, with a total value of £19,200. Company 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.