HarbourVest Global Private Equity (LON:HVPE) Sets New 1-Year High – Here’s Why

HarbourVest Global Private Equity Ltd. (LON:HVPE)’s share price reached a new 52-week high during trading on Wednesday . The stock traded as high as GBX 3,470 and last traded at GBX 3,457.75, with a volume of 54059 shares traded. The stock had previously closed at GBX 3,430.

Wall Street Analyst Weigh In

Separately, Jefferies Financial Group restated a “hold” rating on shares of HarbourVest Global Private Equity in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy”.

HarbourVest Global Private Equity Stock Performance

The company has a debt-to-equity ratio of 13.36, a current ratio of 9.08 and a quick ratio of 143.41. The firm has a fifty day simple moving average of GBX 3,361.81 and a 200 day simple moving average of GBX 3,191.04. The company has a market cap of £2.42 billion, a price-to-earnings ratio of 7.60 and a beta of 0.43.

Insider Buying and Selling at HarbourVest Global Private Equity

In other news, insider Alan Devine acquired 1,485 shares of the firm’s stock in a transaction that occurred on Wednesday, July 1st. The stock was acquired at an average cost of GBX 3,365 per share, with a total value of £49,970.25. Insiders own 0.38% of the company’s stock.

HarbourVest Global Private Equity Company Profile

HVPE exists to provide easy access to a diversified global portfolio of high-quality private companies by investing in HarbourVest-managed funds, through which we help support innovation and growth in a responsible manner, creating value for all our stakeholders.

Our focus is on building a comprehensive global portfolio of the highest quality investments, in a proactive yet measured way, with the strength of our balance sheet underpinning everything we do.

Our multi-layered investment approach creates diversification, helping to spread risk, and is fundamental to our aim of creating a portfolio that no individual investor can replicate.