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HgCapital Trust (LON:HGT) Stock Price Passes Above 200-Day Moving Average - Here's Why

HgCapital Trust logo with Financial Services background

Shares of HgCapital Trust plc (LON:HGT - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 498.12 ($6.50) and traded as high as GBX 512 ($6.69). HgCapital Trust shares last traded at GBX 510 ($6.66), with a volume of 673,695 shares.

HgCapital Trust Trading Down 0.8 %

The company has a quick ratio of 274.70, a current ratio of 131.50 and a debt-to-equity ratio of 6.58. The firm's fifty day moving average is GBX 512.96 and its two-hundred day moving average is GBX 498.12. The firm has a market cap of £2.32 billion, a P/E ratio of 1,020.00 and a beta of 0.44.

HgCapital Trust Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 26th will be paid a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.39%. The ex-dividend date is Thursday, September 26th. HgCapital Trust's payout ratio is 1,400.00%.

Insider Buying and Selling

In other news, insider Richard J. Brooman bought 4,000 shares of the firm's stock in a transaction dated Tuesday, September 24th. The stock was purchased at an average price of GBX 498 ($6.50) per share, with a total value of £19,920 ($26,012.01). 8.44% of the stock is owned by insiders.

HgCapital Trust Company Profile

(Get Free Report)

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.

Further Reading

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