HgCapital Trust (LON:HGT) Hits New 12-Month High – What’s Next?

HgCapital Trust plc (LON:HGT)’s share price reached a new 52-week high on Monday . The stock traded as high as GBX 550 ($6.91) and last traded at GBX 544 ($6.84), with a volume of 413181 shares changing hands. The stock had previously closed at GBX 537 ($6.75).

HgCapital Trust Price Performance

The business’s fifty day moving average price is GBX 515.61 and its 200-day moving average price is GBX 506.52. The company has a market capitalization of £2.44 billion, a P/E ratio of 1,078.00 and a beta of 0.44. The company has a current ratio of 131.50, a quick ratio of 274.70 and a debt-to-equity ratio of 6.58.

HgCapital Trust Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 26th were paid a dividend of GBX 2 ($0.03) per share. This represents a yield of 0.39%. The ex-dividend date was Thursday, September 26th. HgCapital Trust’s dividend payout ratio (DPR) is currently 1,400.00%.

Insider Activity

In other HgCapital Trust news, insider Richard J. Brooman purchased 4,000 shares of the business’s stock in a transaction on Tuesday, September 24th. The stock was acquired at an average cost of GBX 498 ($6.26) per share, for a total transaction of £19,920 ($25,040.85). Corporate insiders own 8.44% of the company’s stock.

About HgCapital Trust

Hg Capital Trust plc specializes in direct, quoted and unquoted companies and fund of funds investments. The funds maximum exposure to unlisted investments is 100% of the gross assets and single investment in an unlisted company or closed-ended investments fund, whether made directly or indirectly, will exceed a maximum of 15% of gross assets.