HgCapital Trust (LON:HGT) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

HgCapital Trust plc (LON:HGT)’s share price 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 traded.

HgCapital Trust Price Performance

The stock has a 50 day moving average price of GBX 485.11 and a 200-day moving average price of GBX 489.04. The stock has a market capitalization of £2.06 billion, a P/E ratio of 26.34 and a beta of 0.44.

Insiders Place Their Bets

In other news, insider John Billowits bought 10,000 shares of the firm’s stock in a transaction that occurred on Friday, February 6th. The shares were bought at an average cost of GBX 426 per share, with a total value of £42,600. Also, insider Graham Paterson purchased 4,300 shares of the company’s stock in a transaction on Friday, February 6th. The shares were purchased at an average cost of GBX 425 per share, with a total value of £18,275. Over the last ninety days, insiders bought 53,818 shares of company stock worth $23,139,717. 0.19% of the stock is currently owned by corporate insiders.

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.