Jim Strang Buys 4,064 Shares of HgCapital Trust plc (LON:HGT) Stock

HgCapital Trust plc (LON:HGT) insider Jim Strang acquired 4,064 shares of the stock in a transaction on Monday, March 24th. The shares were bought at an average cost of GBX 492 ($6.37) per share, for a total transaction of £19,994.88 ($25,886.69).

HgCapital Trust Stock Up 1.1 %

LON HGT opened at GBX 495.50 ($6.42) on Wednesday. HgCapital Trust plc has a 52 week low of GBX 461 ($5.97) and a 52 week high of GBX 550 ($7.12). The business’s fifty day simple moving average is GBX 516.83 and its 200-day simple moving average is GBX 517.93. The firm has a market cap of £2.30 billion, a PE ratio of 8.19 and a beta of 0.44.

HgCapital Trust (LON:HGT) last announced its quarterly 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 firm also recently announced a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, March 20th will be given 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 currently 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.