Hercules Technology Growth Capital CFO Sells $30,440 in Stock (HTGC)
Hercules Technology Growth Capital (NYSE:HTGC) CFO Jessica T. Baron unloaded 2,000 shares of the stock on the open market in a transaction dated Monday, August 25th. The shares were sold at an average price of $15.22, for a total transaction of $30,440.00. Following the completion of the transaction, the chief financial officer now directly owns 122,831 shares of the company’s stock, valued at approximately $1,869,488. The sale was disclosed in a filing with the SEC, which is available at this link.
Hercules Technology Growth Capital (NYSE:HTGC) traded up 1.65% on Tuesday, hitting $15.40. 421,000 shares of the company’s stock traded hands. 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 $16.31 and its 200-day moving average is $15.33. The company has a market cap of $974.1 million and a P/E ratio of 9.92.
Hercules Technology Growth Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, August 7th. The company reported $0.30 EPS for the quarter, meeting the Thomson Reuters 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 prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was down 1.5% on a year-over-year basis. On average, analysts predict that Hercules Technology Growth Capital will post $1.21 earnings per share for the current fiscal year.
HTGC has been the subject of a number of recent research reports. Analysts at Wunderlich cut their price target on shares of Hercules Technology Growth Capital from $18.00 to $16.00 in a research note on Monday, August 18th. They now have a “buy” rating on the stock. Separately, analysts at Sandler O’Neill downgraded shares of Hercules Technology Growth Capital from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. Finally, 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. Three analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $16.80.
Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.
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