HgCapital Trust (LON:HGT) Announces Quarterly Earnings Results

HgCapital Trust (LON:HGT) posted its quarterly earnings results on Monday. The investment trust reported GBX 0.88 earnings per share (EPS) for the quarter, Digital Look Earnings reports. HgCapital Trust had a net margin of 88.67% and a return on equity of 3.90%.

HgCapital Trust Stock Down 1.2%

Shares of HGT opened at GBX 404.50 on Monday. The stock has a market cap of £1.83 billion, a PE ratio of 18.82 and a beta of 0.41. The business’s 50-day moving average price is GBX 400.75 and its 200-day moving average price is GBX 388.17. HgCapital Trust has a twelve month low of GBX 318.64 and a twelve month high of GBX 512.

Insider Activity at HgCapital Trust

In other HgCapital Trust news, insider Jim Strang purchased 5,000 shares of the stock in a transaction on Tuesday, June 30th. The stock was acquired at an average cost of GBX 384 per share, with a total value of £19,200. Corporate insiders own 0.20% of the company’s stock.

Analyst Upgrades and Downgrades

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

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.