Hercules Technology Growth Capital CEO Unloads $758,500 in Stock (HTGC)
Hercules Technology Growth Capital (NYSE:HTGC) CEO Manuel A. Henriquez sold 50,000 shares of the company’s stock in a transaction that occurred on Friday, August 29th. The shares were sold at an average price of $15.17, for a total value of $758,500.00. Following the completion of the transaction, the chief executive officer now directly owns 1,925,899 shares in the company, valued at approximately $29,215,888. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
A number of research firms have recently commented on HTGC. 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 research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $16.80.
Hercules Technology Growth Capital (NYSE:HTGC) traded down 0.20% during mid-day trading on Tuesday, hitting $15.2592. The stock had a trading volume of 265,538 shares. Hercules Technology Growth Capital has a one year low of $12.95 and a one year high of $17.25. The stock’s 50-day moving average is $16.19 and its 200-day moving average is $15.32. The company has a market cap of $965.2 million and a P/E ratio of 10.01.
Hercules Technology Growth Capital (NYSE:HTGC) last released its earnings data 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. Analysts expect that Hercules Technology Growth Capital will post $1.21 EPS for the current fiscal year.
Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.