Hercules Technology Growth Capital Inc (HTGC) : Muzinich scooped up 97,537 additional shares in Hercules Technology Growth Capital Inc during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 13, 2016. The investment management firm now holds a total of 551,987 shares of Hercules Technology Growth Capital Inc which is valued at $6,717,682.Hercules Technology Growth Capital Inc makes up approximately 2.95% of Muzinich’s portfolio.
Hercules Technology Growth Capital Inc closed down -0.11 points or -0.90% at $12.06 with 2,93,129 shares getting traded on Monday. Post opening the session at $12.14, the shares hit an intraday low of $12.03 and an intraday high of $12.2 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.
Other Hedge Funds, Including , 1st Global Advisors boosted its stake in HTGC in the latest quarter, The investment management firm added 3,757 additional shares and now holds a total of 14,748 shares of Hercules Technology Growth Capital Inc which is valued at $179,483. Hercules Technology Growth Capital Inc makes up approx 0.03% of 1st Global Advisors’s portfolio.Dnb Asset Management As reduced its stake in HTGC by selling 1,300 shares or 2.57% in the most recent quarter. The Hedge Fund company now holds 49,239 shares of HTGC which is valued at $599,239. Hercules Technology Growth Capital Inc makes up approx 0.01% of Dnb Asset Management As’s portfolio.Creative Planning reduced its stake in HTGC by selling 5,900 shares or 53.18% in the most recent quarter. The Hedge Fund company now holds 5,195 shares of HTGC which is valued at $64,002. Proficio Capital Partners added HTGC to its portfolio by purchasing 1,268 company shares during the most recent quarter which is valued at $15,622. Hercules Technology Growth Capital Inc makes up approx 0.01% of Proficio Capital Partners’s portfolio.
On the company’s financial health, Hercules Technology Growth Capital Inc reported $0.29 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 25, 2016. Analyst had a consensus of $0.26. The company had revenue of $39.40 million for the quarter, compared to analysts expectations of $40.96 million. The company’s revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS.
Many Wall Street Analysts have commented on Hercules Technology Growth Capital Inc. Shares were Reiterated by FBR Capital on Feb 26, 2016 to “Outperform” and Lowered the Price Target to $ 12 from a previous price target of $13 .Shares were Downgraded by Compass Point on Jan 27, 2016 to ” Neutral” and Lowered the Price Target to $ 11 from a previous price target of $13 .
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 Companys 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.