Gierl Augustine Investment Management Inc Exits Position in Hercules Technology Growth Capital Inc (HTGC)

Hercules Technology Growth Capital Inc (HTGC) : Gierl Augustine Investment Management Inc 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 Oct 14, 2016 with the SEC. The investment management company has sold out 45 shares of Hercules Technology Growth Capital Inc which is valued at $607.

Other Hedge Funds, Including , Msi Financial Services Inc boosted its stake in HTGC in the latest quarter, The investment management firm added 82 additional shares and now holds a total of 6,779 shares of Hercules Technology Growth Capital Inc which is valued at $91,178.Creative Planning boosted its stake in HTGC in the latest quarter, The investment management firm added 17,102 additional shares and now holds a total of 22,897 shares of Hercules Technology Growth Capital Inc which is valued at $310,254. Simplex Trading added HTGC to its portfolio by purchasing 847 company shares during the most recent quarter which is valued at $11,536.Advisory Services Network boosted its stake in HTGC in the latest quarter, The investment management firm added 4,114 additional shares and now holds a total of 15,127 shares of Hercules Technology Growth Capital Inc which is valued at $206,030. Hercules Technology Growth Capital Inc makes up approx 0.04% of Advisory Services Network’s portfolio.

Hercules Technology Growth Capital Inc opened for trading at $13.49 and hit $13.56 on the upside on Friday, eventually ending the session at $13.49, with a gain of 0.30% or 0.04 points. The heightened volatility saw the trading volume jump to 1,86,719 shares. Company has a market cap of $1,010 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.

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.

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