HgCapital Trust (LON:HGT) Insider Jim Strang Acquires 5,000 Shares of Stock

HgCapital Trust plc (LON:HGT) insider Jim Strang purchased 5,000 shares of the business’s stock in a transaction dated Tuesday, June 30th. The stock was bought at an average price of GBX 384 per share, with a total value of £19,200.

HgCapital Trust Stock Performance

HGT stock traded down GBX 0.50 during trading on Tuesday, reaching GBX 381.50. 468,987 shares of the company were exchanged, compared to its average volume of 3,081,040. The company has a market cap of £1.73 billion, a P/E ratio of 17.75 and a beta of 0.40. HgCapital Trust plc has a 52-week low of GBX 318.64 and a 52-week high of GBX 530. The stock’s 50 day moving average price is GBX 370.65 and its 200 day moving average price is GBX 419.37.

Wall Street Analysts Forecast Growth

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

About HgCapital Trust

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.