Jim Strang Buys 4,064 Shares of HgCapital Trust plc (LON:HGT) Stock

HgCapital Trust plc (LON:HGT) insider Jim Strang acquired 4,064 shares of HgCapital Trust stock in a transaction dated Monday, March 24th. The shares were acquired at an average cost of GBX 492 ($6.35) per share, with a total value of £19,994.88 ($25,819.83).

HgCapital Trust Price Performance

Shares of HgCapital Trust stock traded up GBX 4 ($0.05) during midday trading on Monday, hitting GBX 490 ($6.33). 629,928 shares of the company were exchanged, compared to its average volume of 574,174. The firm has a market cap of £2.27 billion, a P/E ratio of 8.10 and a beta of 0.44. HgCapital Trust plc has a 52 week low of GBX 461 ($5.95) and a 52 week high of GBX 550 ($7.10). The firm has a 50 day simple moving average of GBX 517.62 and a 200-day simple moving average of GBX 518.26.

HgCapital Trust (LON:HGT) last announced its quarterly earnings data on Monday, March 10th. The investment trust reported GBX 4.77 ($0.06) earnings per share for the quarter. HgCapital Trust had a return on equity of 11.93% and a net margin of 91.03%.

HgCapital Trust Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, May 19th. Shareholders of record on Thursday, March 20th will be paid a GBX 3.50 ($0.05) dividend. The ex-dividend date is Thursday, March 20th. This is a boost from HgCapital Trust’s previous dividend of $2.00. This represents a yield of 0.7%. HgCapital Trust’s dividend payout ratio (DPR) is presently 11.57%.

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.