HgCapital Trust (LON:HGT) Shares Cross Below Two Hundred Day Moving Average – Here’s What Happened

Shares of HgCapital Trust plc (LON:HGT) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 489.32 and traded as low as GBX 467.30. HgCapital Trust shares last traded at GBX 470.50, with a volume of 1,654,725 shares changing hands.

HgCapital Trust Trading Up 0.6%

The firm has a market cap of £2.15 billion, a PE ratio of 27.50 and a beta of 0.44. The company’s 50-day moving average is GBX 485.38 and its 200 day moving average is GBX 489.32.

Insider Buying and Selling

In other news, insider Pilar Junco bought 10,000 shares of the stock in a transaction on Friday, February 6th. The shares were purchased at an average price of GBX 419 per share, for a total transaction of £41,900. Also, insider John Billowits purchased 10,000 shares of the business’s stock in a transaction dated Friday, February 6th. The shares were purchased at an average cost of GBX 426 per share, with a total value of £42,600. Over the last quarter, insiders have bought 53,818 shares of company stock worth $23,139,717. Insiders own 0.19% of the company’s stock.

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.