HgCapital Trust (LON:HGT) Share Price Crosses Above 200 Day Moving Average – Should You Sell?

HgCapital Trust plc (LON:HGT) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 499.40 ($6.48) and traded as high as GBX 519 ($6.74). HgCapital Trust shares last traded at GBX 518 ($6.73), with a volume of 1,035,316 shares trading hands.

HgCapital Trust Stock Performance

The business has a 50 day moving average of GBX 512.65 and a 200-day moving average of GBX 499.40. The company has a market capitalization of £2.37 billion, a P/E ratio of 1,036.00 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.

HgCapital Trust Cuts Dividend

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

Insider Activity

In other news, insider Richard J. Brooman bought 4,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 24th. The shares were acquired at an average price of GBX 498 ($6.47) per share, with a total value of £19,920 ($25,863.41). 8.44% of the stock is owned by company insiders.

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.