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Hercules Technology Growth Capital (NYSE:HTGC) was downgraded by analysts at Sandler O’Neill from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Friday.

Shares of Hercules Technology Growth Capital (NYSE:HTGC) opened at 16.55 on Friday. Hercules Technology Growth Capital has a 52-week low of $12.95 and a 52-week high of $17.25. The stock’s 50-day moving average is $16. and its 200-day moving average is $15.34. The company has a market cap of $1.036 billion and a price-to-earnings ratio of 9.94.

Hercules Technology Growth Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $34.00 million for the quarter, compared to the consensus estimate of $34.92 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that Hercules Technology Growth Capital will post $1.25 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which is scheduled for Monday, August 25th. Shareholders of record on Monday, August 18th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 7.49%. The ex-dividend date is Thursday, August 14th.

In other Hercules Technology Growth Capital news, CIO Scott Bluestein sold 6,000 shares of Hercules Technology Growth Capital stock on the open market in a transaction that occurred on Friday, August 1st. The stock was sold at an average price of $16.55, for a total transaction of $99,300.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link.

HTGC has been the subject of a number of other recent research reports. 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, June 24th. 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. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hercules Technology Growth Capital currently has an average rating of “Buy” and an average target price of $17.00.

Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.

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