HgCapital Trust (LON:HGT) Hits New 1-Year High on Insider Buying Activity

HgCapital Trust plc (LON:HGT)’s stock price hit a new 52-week high during trading on Monday after an insider bought additional shares in the company. The stock traded as high as GBX 248 ($3.24) and last traded at GBX 247.49 ($3.23), with a volume of 4615 shares. The stock had previously closed at GBX 248 ($3.24).

Specifically, insider Guy Wakeley purchased 1,998 shares of the stock in a transaction that occurred on Monday, November 11th. The stock was acquired at an average price of GBX 249 ($3.25) per share, with a total value of £4,975.02 ($6,500.74).

The stock has a market cap of $1.02 billion and a P/E ratio of 6.10. The business has a 50-day simple moving average of GBX 232.96 and a 200-day simple moving average of GBX 518.73.

The business also recently announced a dividend, which was paid on Friday, October 25th. Shareholders of record on Thursday, September 19th were given a dividend of GBX 1.80 ($0.02) per share. The ex-dividend date of this dividend was Thursday, September 19th. This represents a yield of 0.76%. HgCapital Trust’s payout ratio is currently 0.12%.

HgCapital Trust Company Profile (LON:HGT)

HgCapital Trust plc is an investment trust company. The Company’s investment objective is to provide shareholders with consistent long-term capital appreciation in excess of the Financial Times and the London Stock Exchange (FTSE) All-Share Index by investing in unquoted companies. It invests primarily in technology and technology-enabled services across Europe.

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