The internally managed, non-diversified closed-end investment company reported a 15.5% increase in total investment income for the most recent quarter to $35.8 million from $31.0 million in the 2013 first quarter.
Net investment income increased 22.0% to $18.3 million, or 30 cents per share, compared to $15.0 million, or 27 cents per share from the year ago quarter.
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First quarter 2014 distributable net operating income increased 22.8% to $19.9 million, or 33 cents per share versus $16.2 million, or 30 cents per share from the 2013 first quarter.
TheStreet Ratings team rates HERCULES TECH GROWTH CAP INC as a Buy with a ratings score of B. TheStreet Ratings Team has this to say about their recommendation:
"We rate HERCULES TECH GROWTH CAP INC (HTGC) a BUY. This is driven by some important positives, which we believe should have a greater impact than any weaknesses, and should give investors a better performance opportunity than most stocks we cover. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity, expanding profit margins, good cash flow from operations and increase in stock price during the past year. Although the company may harbor some minor weaknesses, we feel they are unlikely to have a significant impact on results."