Insider Selling: Hercules Technology Growth Capital CFO Sells 2,000 Shares of Stock (HTGC)
Hercules Technology Growth Capital (NYSE:HTGC) CFO Jessica T. Baron unloaded 2,000 shares of Hercules Technology Growth Capital stock on the open market in a transaction that occurred on Monday, June 23rd. The shares were sold at an average price of $15.44, for a total transaction of $30,880.00. Following the completion of the sale, the chief financial officer now directly owns 128,078 shares in the company, valued at approximately $1,977,524. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Hercules Technology Growth Capital (NYSE:HTGC) traded up 0.26% on Tuesday, hitting $15.53. The stock had a trading volume of 940,682 shares. Hercules Technology Growth Capital has a 1-year low of $12.95 and a 1-year high of $17.25. The stock’s 50-day moving average is $14.91 and its 200-day moving average is $15.30. The company has a market cap of $972.3 million and a P/E ratio of 9.30.
Hercules Technology Growth Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, May 1st. The company reported $0.30 earnings per share for the quarter, beating the analysts’ 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 last year, the company posted $0.27 earnings per share. Hercules Technology Growth Capital’s revenue was up 15.5% compared to the same quarter last year. 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 Wells Fargo & Co. upgraded shares of Hercules Technology Growth Capital from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Separately, 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. Finally, 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. Four research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $16.19.
Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.
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