Advisors Asset Management Inc. raised its stake in shares of Hercules Technology Growth Capital Inc. (NYSE:HTGC) by 885.1% during the second quarter, Holdings Channel reports. The institutional investor owned 92,531 shares of the company’s stock after buying an additional 83,138 shares during the period. Advisors Asset Management Inc. owned 0.13% of Hercules Technology Growth Capital worth $1,149,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in HTGC. Wealthsource Partners LLC purchased a new position in shares of Hercules Technology Growth Capital during the first quarter valued at about $274,000. Goldman Sachs Group Inc. increased its position in shares of Hercules Technology Growth Capital by 560.0% in the first quarter. Goldman Sachs Group Inc. now owns 173,064 shares of the company’s stock valued at $2,078,000 after buying an additional 146,841 shares during the last quarter. BlackRock Group LTD increased its position in shares of Hercules Technology Growth Capital by 6.3% in the first quarter. BlackRock Group LTD now owns 337,436 shares of the company’s stock valued at $4,053,000 after buying an additional 19,860 shares during the last quarter. Legal & General Group Plc increased its position in shares of Hercules Technology Growth Capital by 30.8% in the first quarter. Legal & General Group Plc now owns 143,464 shares of the company’s stock valued at $1,724,000 after buying an additional 33,814 shares during the last quarter. Finally, Janney Montgomery Scott LLC increased its position in shares of Hercules Technology Growth Capital by 143.3% in the second quarter. Janney Montgomery Scott LLC now owns 136,234 shares of the company’s stock valued at $1,676,000 after buying an additional 80,234 shares during the last quarter. Institutional investors and hedge funds own 40.33% of the company’s stock.

Hercules Technology Growth Capital Inc. (NYSE:HTGC) traded up 0.08% during midday trading on Tuesday, reaching $13.30. 185,196 shares of the company were exchanged. Hercules Technology Growth Capital Inc. has a one year low of $9.88 and a one year high of $14.00. The firm’s 50-day moving average is $13.62 and its 200-day moving average is $12.53. The firm has a market cap of $995.43 million, a P/E ratio of 23.62 and a beta of 1.01.

Hercules Technology Growth Capital (NYSE:HTGC) last released its earnings results on Thursday, August 4th. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.30 by $0.02. The business had revenue of $43.50 million for the quarter, compared to the consensus estimate of $42.43 million. Hercules Technology Growth Capital had a net margin of 24.86% and a return on equity of 12.13%. The firm’s quarterly revenue was up 14.2% compared to the same quarter last year. During the same period last year, the firm posted $0.23 earnings per share. On average, equities analysts expect that Hercules Technology Growth Capital Inc. will post $1.23 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 22nd. Stockholders of record on Monday, August 15th were given a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 9.33%. The ex-dividend date was Thursday, August 11th. Hercules Technology Growth Capital’s dividend payout ratio (DPR) is currently 213.80%.

HTGC has been the topic of several recent analyst reports. TheStreet downgraded shares of Hercules Technology Growth Capital from a “buy” rating to a “hold” rating in a research note on Friday, May 27th. Jefferies Group upped their price objective on shares of Hercules Technology Growth Capital from $14.00 to $15.00 and gave the company a “buy” rating in a research note on Friday, August 5th. Compass Point upped their price objective on shares of Hercules Technology Growth Capital from $11.00 to $12.00 and gave the company a “neutral” rating in a research note on Wednesday, July 6th. FBR & Co upped their price objective on shares of Hercules Technology Growth Capital from $13.00 to $15.00 and gave the company an “outperform” rating in a research note on Friday, August 5th. Finally, Macquarie downgraded shares of Hercules Technology Growth Capital from an “outperform” rating to a “neutral” rating and set a $13.00 price objective on the stock. in a research note on Monday, July 25th. Six equities research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. Hercules Technology Growth Capital presently has a consensus rating of “Hold” and an average price target of $13.21.

About Hercules Technology Growth Capital

Hercules Capital, Inc, formerly Hercules Technology Growth Capital, Inc, is a specialty finance company. The Company is focused on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences and sustainable and renewable technology industries.

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