HarbourVest Global Private Equity (LON:HVPE) Sets New 1-Year High – Here’s Why

HarbourVest Global Private Equity Ltd. (LON:HVPE) reached a new 52-week high on Wednesday . The stock traded as high as GBX 3,470 and last traded at GBX 3,457.75, with a volume of 54059 shares. The stock had previously closed at GBX 3,430.

Analyst Upgrades and Downgrades

Separately, Jefferies Financial Group reaffirmed a “hold” rating on shares of HarbourVest Global Private Equity in a report on Friday, May 29th. One investment analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy”.

HarbourVest Global Private Equity Trading Up 1.3%

The stock has a market capitalization of £2.42 billion, a price-to-earnings ratio of 7.60 and a beta of 0.43. The company’s 50 day moving average is GBX 3,361.81 and its 200 day moving average is GBX 3,191.04. The company has a debt-to-equity ratio of 13.36, a quick ratio of 143.41 and a current ratio of 9.08.

Insider Transactions at HarbourVest Global Private Equity

In related news, insider Alan Devine acquired 1,485 shares of the company’s stock in a transaction dated Wednesday, July 1st. The shares were bought at an average price of GBX 3,365 per share, for a total transaction of £49,970.25. 0.38% of the stock is owned by corporate insiders.

About HarbourVest Global Private Equity

HVPE exists to provide easy access to a diversified global portfolio of high-quality private companies by investing in HarbourVest-managed funds, through which we help support innovation and growth in a responsible manner, creating value for all our stakeholders.

Our focus is on building a comprehensive global portfolio of the highest quality investments, in a proactive yet measured way, with the strength of our balance sheet underpinning everything we do.

Our multi-layered investment approach creates diversification, helping to spread risk, and is fundamental to our aim of creating a portfolio that no individual investor can replicate.