HgCapital Trust (LON:HGT) Shares Pass Above 200-Day Moving Average – Here’s What Happened

HgCapital Trust plc (LON:HGT)’s share price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 504.64 ($6.33) and traded as high as GBX 540 ($6.77). HgCapital Trust shares last traded at GBX 530 ($6.64), with a volume of 353,239 shares.

HgCapital Trust Stock Performance

The firm has a market capitalization of £2.46 billion, a price-to-earnings ratio of 1,077.52 and a beta of 0.44. The company has a fifty day moving average price of GBX 513.97 and a two-hundred day moving average price of GBX 505.39. The company has a current ratio of 131.50, a quick ratio of 274.70 and a debt-to-equity ratio of 6.58.

HgCapital Trust Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, October 25th. Stockholders of record on Thursday, September 26th were issued a dividend of GBX 2 ($0.03) per share. This represents a dividend yield of 0.39%. The ex-dividend date was Thursday, September 26th. HgCapital Trust’s dividend payout ratio is currently 1,400.00%.

Insider Transactions at HgCapital Trust

In other news, insider Richard J. Brooman purchased 4,000 shares of HgCapital Trust stock in a transaction dated Tuesday, September 24th. The shares were purchased at an average price of GBX 498 ($6.24) per share, with a total value of £19,920 ($24,971.79). Insiders own 8.44% of the company’s stock.

About HgCapital Trust

Hg Capital Trust plc specializes in direct, quoted and unquoted companies and fund of funds investments. The funds maximum exposure to unlisted investments is 100% of the gross assets and single investment in an unlisted company or closed-ended investments fund, whether made directly or indirectly, will exceed a maximum of 15% of gross assets.