Insider Selling: Scott Bluestein Unloads 6,000 Shares of Hercules Technology Growth Capital Stock (HTGC)
Hercules Technology Growth Capital (NYSE:HTGC) CIO Scott Bluestein unloaded 6,000 shares of the stock on the open market in a transaction that occurred on Monday, June 16th. The stock was sold at an average price of $15.50, for a total value of $93,000.00. Following the sale, the executive now directly owns 176,079 shares of the company’s stock, valued at approximately $2,729,225. The transaction was disclosed in a filing with the SEC, which is available at this link.
Shares of Hercules Technology Growth Capital (NYSE:HTGC) traded up 0.06% on Wednesday, hitting $15.78. 424,417 shares of the company’s stock traded hands. Hercules Technology Growth Capital has a one year low of $12.95 and a one year high of $17.25. The stock has a 50-day moving average of $14.69 and a 200-day moving average of $15.33. The company has a market cap of $988.0 million and a P/E ratio of 9.47.
Hercules Technology Growth Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.30 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.28 by $0.02. The company had revenue of $35.77 million for the quarter, compared to the consensus estimate of $33.21 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s revenue for the quarter was up 15.5% on a year-over-year basis. Analysts expect that Hercules Technology Growth Capital will post $1.25 EPS for the current fiscal year.
Several analysts have recently commented on the stock. Analysts at MLV & Co
initiated coverage on shares of Hercules Technology Growth Capital in a research note on Thursday, May 22nd. They set a “hold” rating on the stock. Separately, analysts at Zacks downgraded shares of Hercules Technology Growth Capital from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $14.00 price target on the stock. Finally, analysts at Sandler O’Neill upgraded shares of Hercules Technology Growth Capital from a “hold” rating to a “buy” rating in a research note on Monday, April 7th. They now have a $15.50 price target on the stock, down previously from $16.50. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $16.19.
Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.
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