HgCapital Trust Receives a Boosted Price Target of 505.92
Investors in HgCapital Trust (LSE:HGT) have been greeted with a pleasant surprise as the one-year price target for the company has been upped to a staggering 505.92 per share. This significant hike of 16.43% from the earlier estimate of 434.52 (as of January 16, 2024) marks a profound shift in market sentiment towards the company.
The revised price target, compiled from various analyst forecasts, ranges from a low of 500.96 to a high of 520.80 per share. This notable increase of 17.11% from the latest closing price of 432.00 per share showcases a strong bullish sentiment surrounding HgCapital Trust.
HgCapital Trust’s Strong Dividend Yield of 1.50%
HgCapital Trust continues to demonstrate resilience in its dividend yield, standing at a healthy 1.50% at the latest price. Moreover, with a commendable 3-Year dividend growth rate of 0.35%, the company showcases its commitment to rewarding shareholders over time.
Fund Sentiment and Shareholder Activities
Currently, there are 6 funds or institutions reporting positions in HgCapital Trust, a figure that has remained constant over the last quarter. The average portfolio weight dedicated to HGT by all funds stands at 2.74%, reflecting a modest increase of 0.04%. However, total shares owned by institutions have seen a decrease of 15.90% in the last three months, amounting to 2,789K shares.
Partners Group Private Equity holds 1,143K shares, signifying a notable decrease of 22.07% from its previous ownership of 1,395K shares. On the other hand, PSP – Invesco Global Listed Private Equity ETF has 915K shares, displaying a decrease of 22.95% from its prior ownership of 1,124K shares. Interestingly, LPEFX – ALPS holds 447K shares, with AVPEX – ALPS owning 186K shares, and PEX – ProShares Global Listed Private Equity ETF holding 56K shares, each showcasing varying levels of activity and sentiment towards HgCapital Trust.
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This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
