Hercules Technology Growth Capital Inc (HTGC) was Downgraded by Macquarie to ” Neutral”. Earlier the firm had a rating of “Outperform ” on the company shares. Macquarie advised their investors in a research report released on Jul 25, 2016.
Many Wall Street Analysts have commented on Hercules Technology Growth Capital Inc. 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 .
On the company’s financial health, Hercules Technology Growth Capital Inc reported $0.32 EPS for the quarter, beating the analyst consensus estimate by $ 0.04 according to the earnings call on May 5, 2016. Analyst had a consensus of $0.28. The company had revenue of $38.94 million for the quarter, compared to analysts expectations of $40.57 million. The company’s revenue was up 19.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.
Hercules Technology Growth Capital Inc opened for trading at $13.06 and hit $13.15 on the upside on Wednesday, eventually ending the session at $13.12, with a gain of 0.92% or 0.12 points. The heightened volatility saw the trading volume jump to 2,00,977 shares. Company has a market cap of $966 M.
In a different news, on Dec 14, 2015, Manuel A Henriquez (CEO) purchased 1,000 shares at $10.99 per share price. According to the SEC, on Nov 24, 2015, Thomas J Fallon (director) purchased 10,000 shares at $11.16 per share price. On May 20, 2015, Scott Bluestein (Chief Investment Officer) sold 6,000 shares at $12.65 per share price, according to the Form-4 filing with the securities and exchange commission.
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.