Wunderlich Trims Hercules Technology Growth Capital Target Price to $16.00 (HTGC)
Investment analysts at Wunderlich cut their target price on shares of Hercules Technology Growth Capital (NYSE:HTGC) from $18.00 to $16.00 in a note issued to investors on Monday. Wunderlich’s price target indicates a potential upside of 1.27% from the stock’s previous close.
Other equities research analysts have also recently issued reports about the stock. Analysts at Sandler O’Neill downgraded shares of Hercules Technology Growth Capital from a “buy” rating to a “hold” rating in a research note on Friday, August 8th. 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. Three analysts have rated the stock with a hold rating and three have issued a buy rating to the company. The company has an average rating of “Buy” and a consensus price target of $16.80.
Shares of Hercules Technology Growth Capital (NYSE:HTGC) opened at 15.80 on Monday. 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 $16.43 and its 200-day moving average is $15.34. The company has a market cap of $999.4 million and a P/E ratio of 10.28.
Hercules Technology Growth Capital (NYSE:HTGC) last announced its earnings results on Thursday, August 7th. The company reported $0.30 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.30. The company had revenue of $34.00 million for the quarter, compared to the consensus estimate of $34.92 million. During the same quarter in the previous year, the company posted $0.29 earnings per share. The company’s revenue for the quarter was down 1.5% on a year-over-year basis. Analysts expect that Hercules Technology Growth Capital will post $1.22 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, August 25th. Stockholders of record on Monday, August 18th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 7.85%. The ex-dividend date of this dividend is Thursday, August 14th.
Hercules Technology Growth Capital, Inc (NYSE:HTGC) is an internally managed, non-diversified closed-end investment company.
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