Hercules Technology Growth Capital Stock Rating Reaffirmed by Zacks (HTGC)
Hercules Technology Growth Capital (NYSE:HTGC)‘s stock had its “neutral” rating reaffirmed by Zacks in a research note issued on Thursday. They currently have a $16.50 price target on the stock. Zacks‘s price target would suggest a potential upside of 1.41% from the stock’s previous close.
Zacks’ analyst wrote, “Hercules Technology’s first-quarter 2014 distributable net operating income (DNOI) surpassed the Zacks Consensus Estimate. Better-than-expected results were aided by rise in the interest and fees income, which were, however, partly offset by rising expenses. We believe that Hercules Technology will benefit from the growing demand for venture capital investments especially in technology companies. Further, its strong capital position and enhanced capital deployment activities are expected to boost investors’ confidence. Despite these positives, the sluggish economic recovery and elevated expense levels make us apprehensive. “
Other equities research analysts have also recently issued reports about the stock. Analysts at Wells Fargo & Co. upgraded shares of Hercules Technology Growth Capital from a “market perform” rating to an “outperform” rating in a research note on Tuesday, June 24th. Analysts at MLV & Co
initiated coverage on shares of Hercules Technology Growth Capital in a research note on Thursday, May 22nd. They set a “hold” rating on the stock. Three research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $16.50.
In other Hercules Technology Growth Capital news, Director Parag Shah sold 33,000 shares of Hercules Technology Growth Capital stock on the open market in a transaction that occurred on Tuesday, July 1st. The stock was sold at an average price of $16.21, for a total transaction of $534,930.00. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Hercules Technology Growth Capital (NYSE:HTGC) traded down 1.09% on Thursday, hitting $16.27. The stock had a trading volume of 492,805 shares. Hercules Technology Growth Capital has a 52-week low of $12.95 and a 52-week high of $17.25. The stock’s 50-day moving average is $15.57 and its 200-day moving average is $15.26. The company has a market cap of $1.019 billion and a price-to-earnings ratio of 9.88.
Hercules Technology Growth Capital (NYSE:HTGC) last released its earnings data on Thursday, May 1st. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.02. The company had revenue of $35.77 million for the quarter, compared to the consensus estimate of $33.21 million. During the same quarter in the prior year, the company posted $0.27 earnings per share. The company’s quarterly revenue was up 15.5% on a year-over-year basis. Analysts expect that Hercules Technology Growth Capital will post $1.25 EPS for the current fiscal year.
Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.
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