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 Hercules Technology Growth Capital stock on the open market in a transaction dated Tuesday, September 2nd. The stock was sold at an average price of $15.25, for a total transaction of $91,500.00. Following the sale, the executive now directly owns 157,385 shares of the company’s stock, valued at approximately $2,400,121. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Hercules Technology Growth Capital (NYSE:HTGC) traded up 0.85% during mid-day trading on Wednesday, hitting $15.41. The stock had a trading volume of 612,406 shares. Hercules Technology Growth Capital has a 52-week low of $12.95 and a 52-week high of $17.25. The stock has a 50-day moving average of $16.15 and a 200-day moving average of $15.29. The company has a market cap of $974.7 million and a P/E ratio of 10.01.
Hercules Technology Growth Capital (NYSE:HTGC) last posted its quarterly earnings results 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 $1.21 EPS for the current fiscal year.
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 investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $16.80.
Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.
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