Hercules Technology Growth Capital Inc (HTGC) : Radcliffe Capital Management has sold out all of its stake in Hercules Technology Growth Capital Inc during the most recent quarter, according to the disclosure filed by the company on Aug 15, 2016 with the SEC. The investment management company has sold out 13,400 shares of Hercules Technology Growth Capital Inc which is valued at $183,580.
Other Hedge Funds, Including , Confluence Investment Management boosted its stake in HTGC in the latest quarter, The investment management firm added 4,929 additional shares and now holds a total of 693,914 shares of Hercules Technology Growth Capital Inc which is valued at $9,076,395. Hercules Technology Growth Capital Inc makes up approx 0.24% of Confluence Investment Management’s portfolio.
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 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.