HgCapital Trust plc (LON:HGT) Insider Acquires £19,215 in Stock

HgCapital Trust plc (LON:HGT) insider Richard J. Brooman acquired 4,500 shares of the firm’s stock in a transaction on Monday, April 7th. The shares were acquired at an average price of GBX 427 ($5.46) per share, with a total value of £19,215 ($24,552.77).

HgCapital Trust Stock Performance

Shares of HGT opened at GBX 469.50 ($6.00) on Thursday. The company has a market capitalization of £2.18 billion, a P/E ratio of 7.76 and a beta of 0.44. The business’s 50-day moving average is GBX 508.20 and its two-hundred day moving average is GBX 515.87. HgCapital Trust plc has a fifty-two week low of GBX 420 ($5.37) and a fifty-two week high of GBX 550 ($7.03).

HgCapital Trust (LON:HGT) last released its quarterly earnings results on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) 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. Stockholders of record on Thursday, March 20th will be given a GBX 3.50 ($0.04) dividend. This represents a dividend yield of 0.7%. The ex-dividend date is Thursday, March 20th. This is an increase from HgCapital Trust’s previous dividend of $2.00. HgCapital Trust’s dividend payout ratio (DPR) is 11.57%.

About HgCapital Trust

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.