Trading Report: The North Star Investment Management Corp. Maintains Position in Hercules Technology Growth Capital Inc. (HTGC)

The North Star Investment Management Corp. Maintains Position in Hercules Technology Growth Capital Inc. (HTGC)

North Star Investment Management Corp. held its stake in Hercules Technology Growth Capital Inc. (NYSE:HTGC) during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 8,500 shares of the company’s stock at the end of the third quarter. North Star Investment Management Corp.’s holdings in Hercules Technology Growth Capital were worth $115,000 as of its most recent SEC filing.

Several other large investors also recently bought and sold shares of the stock. Northpointe Capital LLC increased its stake in Hercules Technology Growth Capital by 5.2% in the second quarter. Northpointe Capital LLC now owns 1,131,126 shares of the company’s stock valued at $14,049,000 after buying an additional 56,162 shares in the last quarter. 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 valued at $185,000 after buying an additional 108 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Hercules Technology Growth Capital by 560.0% in the first quarter. Goldman Sachs Group Inc. now owns 173,064 shares of the company’s stock valued at $2,078,000 after buying an additional 146,841 shares in the last quarter. Legal & General Group Plc increased its stake in Hercules Technology Growth Capital by 30.8% in the first quarter. Legal & General Group Plc now owns 143,464 shares of the company’s stock valued at $1,724,000 after buying an additional 33,814 shares in the last quarter. Finally, 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 valued at $137,000 after buying an additional 2,245 shares in the last quarter. Institutional investors own 40.40% of the company’s stock.

Hercules Technology Growth Capital Inc. (NYSE:HTGC) traded up 1.47% during mid-day trading on Friday, hitting $13.85. 250,464 shares of the stock traded hands. The firm has a market capitalization of $1.07 billion, a P/E 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 company has a 50-day moving average of $13.53 and a 200 day moving average of $13.08.

Hercules Technology Growth Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, November 3rd. The company reported $0.32 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.31 by $0.01. The company had revenue of $45.10 million for the quarter, compared to analysts’ expectations of $44.09 million. Hercules Technology Growth Capital had a net margin of 41.18% and a return on equity of 11.69%. Hercules Technology Growth Capital’s revenue for the quarter was down 4.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.33 earnings per share. On average, equities research analysts anticipate that Hercules Technology Growth Capital Inc. will post $1.24 EPS for the current year.

The business also recently disclosed 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 annualized dividend and a dividend yield of 8.95%. The ex-dividend date of this dividend was Wednesday, November 9th. Hercules Technology Growth Capital’s dividend payout ratio (DPR) is 131.92%.

HTGC has been the topic of several recent research reports. FBR & Co lifted their target price 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. Jefferies Group raised their price target 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. Zacks Investment Research upgraded shares of Hercules Technology Growth Capital from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a report on Tuesday, October 4th. JMP Securities restated a “buy” rating on shares of Hercules Technology Growth Capital in a report on Sunday, November 6th. Finally, TheStreet upgraded shares of Hercules Technology Growth Capital from a “hold” rating to a “buy” rating in a report on Monday, November 7th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock has a consensus 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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