HgCapital Trust (LON:HGT) Stock Price Passes Above Two Hundred Day Moving Average – What’s Next?

HgCapital Trust plc (LON:HGT)’s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 496.42 ($6.50) and traded as high as GBX 510.78 ($6.68). HgCapital Trust shares last traded at GBX 503 ($6.58), with a volume of 510,150 shares traded.

HgCapital Trust Trading Up 1.4 %

The company has a market capitalization of £2.33 billion, a price-to-earnings ratio of 1,006.00 and a beta of 0.44. The company has a debt-to-equity ratio of 6.58, a quick ratio of 274.70 and a current ratio of 131.50. The business’s 50-day simple moving average is GBX 514.35 and its 200-day simple moving average is GBX 496.42.

HgCapital Trust Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, October 25th. Shareholders of record on Thursday, September 26th will be paid a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, September 26th. This represents a yield of 0.39%. HgCapital Trust’s payout ratio is presently 1,400.00%.

Insiders Place Their Bets

In related news, insider Richard J. Brooman purchased 4,000 shares of the business’s stock in a transaction dated Tuesday, September 24th. The shares were bought at an average price of GBX 498 ($6.52) per share, with a total value of £19,920 ($26,069.89). Company insiders own 8.44% of the company’s stock.

HgCapital Trust Company Profile

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.