Hercules Technology Growth Capital Receives Average Recommendation of “Buy” from Analysts (NYSE:HTGC)
Hercules Technology Growth Capital (NYSE:HTGC) has earned an average recommendation of “Buy” from the eleven ratings firms that are currently covering the stock, StockRatingsNetwork reports. Three analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among brokerages that have issued ratings on the stock in the last year is $16.50.
A number of analysts have recently weighed in on HTGC shares. Analysts at Zacks reiterated a “neutral” rating on shares of Hercules Technology Growth Capital in a research note on Thursday, July 10th. They now have a $16.50 price target on the stock. Separately, 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. Finally, 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.
Shares of Hercules Technology Growth Capital (NYSE:HTGC) opened at 16.42 on Monday. Hercules Technology Growth Capital has a 52-week low of $12.95 and a 52-week high of $17.25. The stock has a 50-day moving average of $16.2 and a 200-day moving average of $15.32. The company has a market cap of $1.028 billion and a P/E ratio of 10.14. Hercules Technology Growth Capital also saw a significant decline in short interest in July. As of July 15th, there was short interest totalling 3,718,382 shares, a decline of 50.6% from the June 30th total of 7,521,168 shares. Based on an average trading volume of 474,742 shares, the short-interest ratio is currently 7.8 days. Approximately 6.3% of the shares of the stock are short sold.
In other Hercules Technology Growth Capital news, CFO Jessica T. Baron unloaded 2,000 shares of the company’s stock on the open market in a transaction that occurred on Wednesday, July 23rd. The shares were sold at an average price of $16.61, for a total value of $33,220.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.
Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.
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