Hercules Technology Growth Capital Inc (HTGC) Releases Earnings Results, Beats Expectations By $0.02 EPS

Hercules Technology Growth Capital Inc (HTGC) reported quarterly earnings results on Thursday, Aug-4-2016. The company said it had a profit of $0.32 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.30. The company posted revenue of $43.50 million in the period, 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. 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 closed down -0.02 points or -0.15% at $13.33 with 2,30,587 shares getting traded on Tusday. Post opening the session at $13.35, the shares hit an intraday low of $13.27 and an intraday high of $13.44 and the price fluctuated in this range throughout the day.Shares ended Tusday session in Red.

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 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.

Hercules Technology Growth Capital Inc

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