Hercules Technology Growth Capital Inc (NYSE:HTGC) saw an insider lower his participation the company. The company’s President and Chief Executive Officer, Manuel A. Henriquez, disposed of 50,000 shares of common stock at an average price of $15.3 per share. Following this transaction, Henriquez holds about 1.9 million shares, directly, in the $964.27 million market cap company.
Hercules Technology Growth Capital Inc (NYSE:HTGC) is a $964.27 million market cap 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.
In addition, there are two major hedge funds involved with the company. Whitebox Advisors, the hedge fund controlled by Andy Redleaf, reported a 12% rise in exposure last quarter, and now holds about 25.5 million shares worth about $30.4 million; while Cardinal Capital, the hedge fund run by Amy Minella, reported just a 1% decrease in it’s position with the company, now holding about 1 million shares worth approximately $14.2 million.
Disclosure: The author, Daniel Forstein, holds no positions in any stocks mentioned.
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