Jefferies Maintains Hercules Technology Growth Capital Inc to Buy with Price Target $15.00

Brokerage firm Jefferies Maintains its rating on Hercules Technology Growth Capital Inc(NYSE:HTGC). In a research note issued to the investors, the brokerage major Raises the price-target to $15.00 per share. The shares have been rated Buy. The rating by Jefferies was issued on Aug 5, 2016.

In a different note, On Jul 25, 2016, Macquarie said it Downgrades its rating on Hercules Technology Growth Capital Inc. The shares have been rated ‘Neutral’ by the firm.

Hercules Technology Growth Capital Inc (HTGC) made into the market gainers list on Wednesdays trading session with the shares advancing 0.59% or 0.08 points. Due to strong positive momentum, the stock ended at $13.66, which is also near the day’s high of $13.69. The stock began the session at $13.67 and the volume stood at 2,25,434 shares. The 52-week high of the shares is $14 and the 52 week low is $9.88. The company has a current market capitalization of $1,022 M and it has 7,48,44,969 shares in outstanding.

Hercules Technology Growth Capital Inc(HTGC) last announced its earnings results on Aug 4, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $43.54M. Analysts had an estimated revenue of $42.43M. Earnings per share were $0.32. Analysts had estimated an EPS of $0.30.

Several Insider Transactions has been reported to the SEC. On Dec 14, 2015, Manuel A Henriquez (CEO) purchased 1,000 shares at $10.99 per share price.Also, On Nov 24, 2015, Thomas J Fallon (director) purchased 10,000 shares at $11.16 per share price.On May 20, 2015, Scott Bluestein (Chief Investment Officer) sold 6,000 shares at $12.65 per share price, according to the Form-4 filing with the securities and exchange commission.

Hercules Technology Growth Capital Inc. is a specialty finance company. The Company is focused on providing senior secured loans to venture capital-backed companies in technology-related industries including technology biotechnology life science and energy and renewables technology at all stages of development. It is an internally managed non-diversified closed-end investment company. The Company’s portfolio comprises investments primarily in technology-related companies at various stages of their development. The Company focuses its investments in companies active in the technology industry sub-sectors characterized by products or services including computer software and hardware networking systems semiconductors semiconductor capital equipment information technology infrastructure or services Internet consumer and business services telecommunications telecommunications equipment renewable or alternative energy media and life science.

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