The Investors Capital Advisory Services Sold shares of Hercules Technology Growth Capital Inc. (HTGC)

The Investors Capital Advisory Services Sold shares of Hercules Technology Growth Capital Inc. (HTGC)

Investors Capital Advisory Services lowered its position in shares of Hercules Technology Growth Capital Inc. (NYSE:HTGC) by 9.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,487 shares of the company’s stock after selling 3,206 shares during the period. Investors Capital Advisory Services’ holdings in Hercules Technology Growth Capital were worth $365,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capital Investment Advisors LLC increased its stake in Hercules Technology Growth Capital by 8.1% in the second quarter. Capital Investment Advisors LLC now owns 10,657 shares of the company’s stock worth $132,000 after buying an additional 800 shares during the period. Advisory Services Network LLC increased its stake in Hercules Technology Growth Capital by 25.6% in the second quarter. Advisory Services Network LLC now owns 11,013 shares of the company’s stock worth $137,000 after buying an additional 2,245 shares during the period. 1st Global Advisors Inc. increased its stake in Hercules Technology Growth Capital by 0.7% in the second quarter. 1st Global Advisors Inc. now owns 14,856 shares of the company’s stock worth $185,000 after buying an additional 108 shares during the period. Sequoia Financial Advisors LLC bought a new stake in Hercules Technology Growth Capital during the second quarter worth about $244,000. Finally, Wealthsource Partners LLC bought a new stake in Hercules Technology Growth Capital during the first quarter worth about $274,000. 40.34% of the stock is currently owned by institutional investors.

Shares of Hercules Technology Growth Capital Inc. (NYSE:HTGC) traded up 1.40% during trading on Friday, reaching $13.76. 395,259 shares of the company traded hands. The company has a market capitalization of $1.03 billion, a P/E ratio of 24.44 and a beta of 0.96. The company’s 50-day moving average price is $13.49 and its 200-day moving average price is $12.89. Hercules Technology Growth Capital Inc. has a 52 week low of $9.92 and a 52 week high of $14.00.

Hercules Technology Growth Capital (NYSE:HTGC) last posted its earnings results on Thursday, August 4th. The company reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.30 by $0.02. The business had revenue of $43.50 million for the quarter, compared to analysts’ expectations of $42.43 million. Hercules Technology Growth Capital had a net margin of 24.86% and a return on equity of 12.13%. The business’s revenue for the quarter was up 14.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.23 EPS. Equities research analysts forecast that Hercules Technology Growth Capital Inc. will post $1.23 EPS for the current fiscal year.

HTGC has been the subject of a number of research analyst reports. Compass Point raised their price objective on shares of Hercules Technology Growth Capital from $11.00 to $12.00 and gave the stock a “neutral” rating in a report on Wednesday, July 6th. Macquarie downgraded shares of Hercules Technology Growth Capital from an “outperform” rating to a “neutral” rating and set a $13.00 price objective for the company. in a report on Monday, July 25th. FBR & Co raised their price objective on shares of Hercules Technology Growth Capital from $13.00 to $15.00 and gave the stock an “outperform” rating in a report on Friday, August 5th. Jefferies Group raised their price objective on shares of Hercules Technology Growth Capital from $14.00 to $15.00 and gave the stock a “buy” rating in a report on Friday, August 5th. Finally, Zacks Investment Research upgraded shares of Hercules Technology Growth Capital from a “hold” rating to a “buy” rating and set a $15.00 price objective for the company in a report on Tuesday, October 4th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Hercules Technology Growth Capital presently has an average rating of “Hold” and a consensus target price of $14.00.

About Hercules Technology Growth Capital

Hercules Capital, Inc, formerly Hercules Technology Growth Capital, Inc, is a specialty finance company. The Company is focused on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences and sustainable and renewable technology industries.

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