Todays Report: The Hercules Technology Growth Capital Inc. (HTGC) Stake Increased by Advisory Services Network LLC

The Hercules Technology Growth Capital Inc. (HTGC) Stake Increased by Advisory Services Network LLC

Advisory Services Network LLC boosted its position in Hercules Technology Growth Capital Inc. (NYSE:HTGC) by 37.4% during the third quarter, Holdings Channel reports. The fund owned 15,127 shares of the company’s stock after buying an additional 4,114 shares during the period. Advisory Services Network LLC’s holdings in Hercules Technology Growth Capital were worth $205,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. Sei Investments Co. boosted its position in Hercules Technology Growth Capital by 229.1% in the second quarter. Sei Investments Co. now owns 8,900 shares of the company’s stock worth $110,000 after buying an additional 6,196 shares during the period. Capital Investment Advisors LLC boosted its position 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. WFG Advisors LP boosted its position in Hercules Technology Growth Capital by 21.7% in the second quarter. WFG Advisors LP now owns 11,200 shares of the company’s stock worth $139,000 after buying an additional 2,000 shares during the period. HighTower Advisors LLC boosted its position in Hercules Technology Growth Capital by 8.4% in the second quarter. HighTower Advisors LLC now owns 11,991 shares of the company’s stock worth $147,000 after buying an additional 925 shares during the period. Finally, Quest Investment Management Inc. OR boosted its position in Hercules Technology Growth Capital by 15.2% in the second quarter. Quest Investment Management Inc. OR now owns 12,900 shares of the company’s stock worth $160,000 after buying an additional 1,700 shares during the period. Institutional investors and hedge funds own 40.40% of the company’s stock.

Shares of Hercules Technology Growth Capital Inc. (NYSE:HTGC) traded up 1.47% during midday trading on Friday, hitting $13.85. 250,464 shares of the stock were exchanged. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of 14.89 and a beta of 0.90. Hercules Technology Growth Capital Inc. has a 1-year low of $9.92 and a 1-year high of $14.00. The stock’s 50-day moving average price is $13.53 and its 200-day moving average price is $13.08.

Hercules Technology Growth Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, November 3rd. The company reported $0.32 EPS for the quarter, beating analysts’ consensus estimates of $0.31 by $0.01. The business earned $45.10 million during the quarter, compared to analyst estimates of $44.09 million. Hercules Technology Growth Capital had a return on equity of 11.69% and a net margin of 41.18%. Hercules Technology Growth Capital’s quarterly revenue was down 4.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.33 EPS. On average, analysts forecast that Hercules Technology Growth Capital Inc. will post $1.24 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, November 21st. Investors of record on Monday, November 14th were given a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 8.95%. The ex-dividend date of this dividend was Wednesday, November 9th. Hercules Technology Growth Capital’s payout ratio is currently 131.92%.

A number of equities analysts have commented on HTGC shares. Zacks Investment Research raised 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 research report on Tuesday, October 4th. Jefferies Group lifted 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 research report on Friday, August 5th. TheStreet raised shares of Hercules Technology Growth Capital from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. JMP Securities reaffirmed a “buy” rating on shares of Hercules Technology Growth Capital in a research report on Sunday, November 6th. Finally, FBR & Co lifted 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 research report on Friday, August 5th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Hercules Technology Growth Capital presently has an average rating of “Buy” and an average target price of $14.00.

Hercules Technology Growth Capital Company Profile

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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