Brinker Capital Inc Lowers stake in Hercules Technology Growth Capital Inc (HTGC)

Hercules Technology Growth Capital Inc (HTGC) : Brinker Capital Inc reduced its stake in Hercules Technology Growth Capital Inc by 13.34% during the most recent quarter end. The investment management company now holds a total of 232,002 shares of Hercules Technology Growth Capital Inc which is valued at $3,178,427 after selling 35,723 shares in Hercules Technology Growth Capital Inc , the firm said in a disclosure report filed with the SEC on Aug 15, 2016.Hercules Technology Growth Capital Inc makes up approximately 0.28% of Brinker Capital Inc’s portfolio.

Other Hedge Funds, Including , Radcliffe Capital Management sold out all of its stake in HTGC during the most recent quarter. The investment firm sold 13,400 shares of HTGC which is valued $183,580.Advisors Capital Management reduced its stake in HTGC by selling 35,005 shares or 3.69% in the most recent quarter. The Hedge Fund company now holds 914,343 shares of HTGC which is valued at $12,526,499. Hercules Technology Growth Capital Inc makes up approx 1.22% of Advisors Capital Management’s portfolio. Nine Chapters Capital Management sold out all of its stake in HTGC during the most recent quarter. The investment firm sold 103,400 shares of HTGC which is valued $1,425,886.Advisors Asset Management boosted its stake in HTGC in the latest quarter, The investment management firm added 83,138 additional shares and now holds a total of 92,531 shares of Hercules Technology Growth Capital Inc which is valued at $1,267,675. Hercules Technology Growth Capital Inc makes up approx 0.02% of Advisors Asset Management’s portfolio. Huntington National Bank sold out all of its stake in HTGC during the most recent quarter. The investment firm sold 2,032 shares of HTGC which is valued $26,579.

Hercules Technology Growth Capital Inc opened for trading at $13.66 and hit $13.8 on the upside on Thursday, eventually ending the session at $13.69, with a gain of 0.22% or 0.03 points. The heightened volatility saw the trading volume jump to 2,45,860 shares. Company has a market cap of $1,025 M.

On the company’s financial health, Hercules Technology Growth Capital Inc reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Aug 4, 2016. Analyst had a consensus of $0.30. The company had revenue of $43.50 million for the quarter, compared to analysts expectations of $42.10 million. The company’s revenue was up 14.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.23 EPS.

Many Wall Street Analysts have commented on Hercules Technology Growth Capital Inc. Company shares were Reiterated by FBR Capital on Aug 5, 2016 to “Outperform”, Firm has raised the Price Target to $ 15 from a previous price target of $13 .Hercules Technology Growth Capital Inc was Downgraded by Macquarie to ” Neutral” on Jul 25, 2016. Company shares were Reiterated by Compass Point on Jul 6, 2016 to “Neutral”, Firm has raised the Price Target to $ 12 from a previous price target of $11 .

Hercules Technology Growth Capital Inc. is a specialty finance company. The Company is focused on providing senior secured loans to venture capital-backed companies in technology-related industries including technology biotechnology life science and energy and renewables technology at all stages of development. It is an internally managed non-diversified closed-end investment company. The Company’s portfolio comprises investments primarily in technology-related companies at various stages of their development. The Company focuses its investments in companies active in the technology industry sub-sectors characterized by products or services including computer software and hardware networking systems semiconductors semiconductor capital equipment information technology infrastructure or services Internet consumer and business services telecommunications telecommunications equipment renewable or alternative energy media and life science.

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