HgCapital Trust plc (LON:HGT) Insider Purchases £19,994.88 in Stock

HgCapital Trust plc (LON:HGT) insider Jim Strang acquired 4,064 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were acquired at an average price of GBX 492 ($6.33) per share, with a total value of £19,994.88 ($25,743.38).

HgCapital Trust Price Performance

LON HGT opened at GBX 518 ($6.67) on Thursday. The firm has a market capitalization of £2.40 billion, a price-to-earnings ratio of 8.56 and a beta of 0.44. The company has a 50 day simple moving average of GBX 516.79 and a 200-day simple moving average of GBX 517.93. HgCapital Trust plc has a 52-week low of GBX 461 ($5.94) and a 52-week high of GBX 550 ($7.08).

HgCapital Trust (LON:HGT) last released its earnings results 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 announced 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. The ex-dividend date of this dividend is Thursday, March 20th. This represents a yield of 0.7%. This is an increase from HgCapital Trust’s previous dividend of $2.00. HgCapital Trust’s payout ratio is 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.