Yorktown Management Research Co Inc Lowers stake in Hercules Technology Growth Capital Inc (HTGC)

Hercules Technology Growth Capital Inc (HTGC) : Yorktown Management Research Co Inc reduced its stake in Hercules Technology Growth Capital Inc by 1.47% during the most recent quarter end. The investment management company now holds a total of 670,000 shares of Hercules Technology Growth Capital Inc which is valued at $9,179,000 after selling 10,000 shares in Hercules Technology Growth Capital Inc , the firm said in a disclosure report filed with the SEC on Aug 12, 2016.Hercules Technology Growth Capital Inc makes up approximately 2.01% of Yorktown Management Research Co Inc’s portfolio.

Other Hedge Funds, Including , Edge Asset Management Inc reduced its stake in HTGC by selling 4,986 shares or 0.31% in the most recent quarter. The Hedge Fund company now holds 1,589,221 shares of HTGC which is valued at $21,915,358. Hercules Technology Growth Capital Inc makes up approx 0.19% of Edge Asset Management Inc’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. Simplex Trading sold out all of its stake in HTGC during the most recent quarter. The investment firm sold 169 shares of HTGC which is valued $2,217.Naples Global Advisors boosted its stake in HTGC in the latest quarter, The investment management firm added 2,465 additional shares and now holds a total of 65,831 shares of Hercules Technology Growth Capital Inc which is valued at $831,446. Hercules Technology Growth Capital Inc makes up approx 0.33% of Naples Global Advisors’s portfolio.

Hercules Technology Growth Capital Inc opened for trading at $13.68 and hit $13.77 on the upside on Monday, eventually ending the session at $13.73, with a gain of 1.10% or 0.15 points. The heightened volatility saw the trading volume jump to 3,13,161 shares. Company has a market cap of $1,028 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.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *