HgCapital Trust (LON:HGT) Stock Crosses Below Two Hundred Day Moving Average – Time to Sell?

HgCapital Trust plc (LON:HGT)’s stock price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 517.86 ($6.69) and traded as low as GBX 499.39 ($6.45). HgCapital Trust shares last traded at GBX 506 ($6.54), with a volume of 643,211 shares changing hands.

HgCapital Trust Stock Up 0.2 %

The stock’s fifty day moving average is GBX 515.69 and its two-hundred day moving average is GBX 517.86. The firm has a market capitalization of £2.35 billion, a price-to-earnings ratio of 8.37 and a beta of 0.44.

HgCapital Trust (LON:HGT) last issued its 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. Investors of record on Thursday, March 20th will be issued a dividend of GBX 3.50 ($0.05) per share. The ex-dividend date is Thursday, March 20th. This is a positive change from HgCapital Trust’s previous dividend of $2.00. This represents a dividend yield of 0.7%. HgCapital Trust’s payout ratio is presently 11.57%.

Insider Buying and Selling at HgCapital Trust

In related news, insider Jim Strang acquired 4,064 shares of the business’s stock in a transaction on Monday, March 24th. The stock was purchased at an average cost of GBX 492 ($6.36) per share, for a total transaction of £19,994.88 ($25,833.18). Also, insider Helena Coles acquired 3,033 shares of HgCapital Trust stock in a transaction dated Thursday, March 20th. The shares were purchased at an average price of GBX 494 ($6.38) per share, with a total value of £14,983.02 ($19,357.91). Insiders own 8.44% of the company’s stock.

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.