HgCapital Trust (LON:HGT) Posts Quarterly Earnings Results

HgCapital Trust (LON:HGT) posted its quarterly earnings results on Monday. The investment trust reported GBX 4.77 ($0.06) EPS for the quarter, Digital Look Earnings reports. HgCapital Trust had a return on equity of 11.93% and a net margin of 91.03%.

HgCapital Trust Stock Performance

Shares of HGT opened at GBX 519.88 ($6.73) on Wednesday. HgCapital Trust has a 52-week low of GBX 446 ($5.77) and a 52-week high of GBX 550 ($7.12). The stock’s 50-day simple moving average is GBX 521.34 and its 200 day simple moving average is GBX 520.08. The stock has a market capitalization of £2.41 billion, a price-to-earnings ratio of 8.60 and a beta of 0.44.

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.