Hercules Technology Growth Capital Inc (HTGC) Insider Raises Exposure By 5,000 Shares

Hercules Technology Growth Capital Inc (NYSE:HTGC), saw an insider increase his profile with the company. Director Robert P. Badavas purchased 5,000 shares of common stock at an average price of $16.34 per share. Following this transaction, Badavas now directly holds 135,399 shares in the $1.01 billion market cap company.
In addition, two major hedge funds have holdings in Hercules Technology Growth Capital Inc (NYSE:HTGC), the specialty finance company focused on providing senior secured loans to venture capital-backed companies in technology-related markets, including technology, biotechnology, life science, and clean-technology industries at all stages of development.
Whitebox Advisors, the hedge fund controlled by Andy Redleaf, reported a 12% rise in activity last quarter, and now holds 25,568,000 shares worth about $30.4 million; while Cardinal Capital, the hedge fund run by Amy Minella, remained steady as it reported just a 1% decrease in it’s position with the company, and now has 1,009,095 shares worth approximately $14.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.