United States

Security and Exchange Commission

Washington, D.C. 20549

 

Schedule 13G

 

Under the Securities Act of 1934

(Amendment No.     )*

 

 

Hercules Technology Growth Capital Inc.

(Name of Issuer)

Common Stock

(Title of Class of Securities)

 

 

427096508

                                (CUSIP Number)                                

May 31, 2007

(Date of Event Which Requires Filing of this Statement)

Check the appropriate box to designate the rule pursuant to which this Schedule is filed:

x Rule 13d-1(b)

¨ Rule 13d-1(c)

¨ Rule 13d-1(d)

CUSIP No. 427096508   13G  

 

  1  

NAME OF REPORTING PERSON

S.S. OR IRS IDENTIFICATION NO. OF ABOVE PERSON

    
   

            DePrince, Race & Zollo, Inc.

            59-3299598

    
  2   CHECK THE APPROPRIATE BOX IF A MEMBER OF A GROUP*  
  (a)  x  
    (b)  ¨    
  3   SEC USE ONLY  
         
  4   CITIZENSHIP OR PLACE OF ORGANIZATION  
                Incorporated in the State of Florida    

NUMBER OF

SHARES

BENEFICIALLY

OWNED BY

EACH

REPORTING

PERSON

WITH

     5    SOLE VOTING POWER
 
                  1,006,137
    6    SHARED VOTING POWER
 
                  none
    7    SOLE DISPOSITIVE POWER
 
                  1,006,137
    8    SHARED DISPOSITIVE POWER
 
                  none
  9   AGGREGATE AMOUNT BENEFICIALLY OWNED BY EACH REPORTING PERSON    
                1,006,137    
10   CHECK BOX IF THE AGGREGATE AMOUNT IN ROW (9) EXCLUDES CERTAIN SHARES*  
                No    
11   PERCENT OF CLASS REPRESENTED BY AMOUNT IN ROW 9  
                4.36%    
12   TYPE OF REPORTING PERSON*  
                IA    

  SCHEDULE 13 G  

 

Item 1.  

(a)

    Name of Issuer:      
     Hercules Technology Growth Capital Inc.      
 

(b)

    Address of Issuer’s Principal Executive Offices      
    

525 University Ave, Suite 700

Palo Alto, CA 94301

      
Item 2.  

(a)

    Name of Person Filing:      
     DePrince, Race & Zollo, Inc.      
 

(b)

    Address of Principal Business Office or, if none, Residence:      
    

250 Park Ave South, Suite 250

Winter Park, FL 32789

      
 

(c)

    Citizenship:      
     USA      
 

(d)

    Title of Class of Securities:      
     common stock      
 

(e)

    CUSIP Number:      
     427096508      
Item 3.   If this statement is filed pursuant to §§240.13d-1(b), or 240.13d-2(b) or (c), check whether the person filing is a:
  (a)    ¨    Broker or dealer registered under section 15 of the Act (15 U.S.C. 78o).
  (b)    ¨    Bank as defined in section 3(a)(6) of the Act (15 U.S.C. 78c).
  (c)    ¨    Insurance company as defined in section 3(a)(19) of the Act (15 U.S.C. 78c).
  (d)    ¨    Investment company registered under section 8 of the Investment Company Act of 1940 (15 U.S.C. 80a-8).
  (e)    x    An investment adviser in accordance with §240.13d-1(b)(1)(ii)(E);
  (f)    ¨    An employee benefit plan or endowment fund in accordance with §240.13d-1(b)(1)(ii)(F);
  (g)    ¨    A parent holding company or control person in accordance with §240.13d-1(b)(ii)(G);
  (h)    ¨    A savings association as defined in Section 3(b) of the Federal Deposit Insurance Act (12 U.S.C. 1813);
  (i)    ¨    A church plan that is excluded from the definition of an investment company under section 3(c)(14) of the Investment Company Act of 1940 (15 U.S.C. 80a-3);
  (j)    ¨    Group, in accordance with §240.13d-1(b)(1)(ii)(J).

Item 4.    Ownership.      
   (a)    Amount beneficially owned:      
      1,006,137 shares      
   (b)    Percent of class:      
      4.36%      
   (c)    Number of shares as to which the person has:      
      (i)    Sole power to vote or to direct the vote:      
         1,006,137 shares      
      (ii)    Shared power to vote or to direct the vote:      
      (iii)    Sole power to dispose or to direct the disposition of:      
         1,006,137 shares      
      (iv)    Shared power to dispose or to direct the disposition of:      
Item 5.    Ownership of Five Percent or Less of a Class   
   N/A   
Item 6.    Ownership of More than Five Percent on Behalf of Another Person.      
   N/A      
Item 7.    Identification and Classification of the Subsidiary Which Acquired the Security Being Reported on By the Parent Holding Company
   N/A
Item 8.    Identification and Classification of Members of the Group      
   N/A      
Item 9.    Notice of Dissolution of Group      
   N/A      
Item 10.    Certification.      
   By signing below I certify that, to the best of my knowledge and belief, the securities referred to above were acquired in the ordinary course of business and were not acquired for the purpose of and do not have the effect of changing or influencing the control of the issuer of such securities and were not acquired in connection with or as a participant in any transaction having such purposes or effect.      

SIGNATURE

After reasonable inquiry and to the best of my knowledge and belief, I certify that the information set forth in this statement is true, complete and correct.

 

Date: 06/06/2007

/s/ Victor A. Zollo, Jr.

Signature
Victor A. Zollo, Jr. - President