Jefferies Lifts PT on Hercules Capital (HTGC) to $15 Following Q2

August 5, 2016 9:28 AM EDT
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Price: $13.50 --0%

Rating Summary:
    9 Buy, 8 Hold, 1 Sell

Rating Trend: Up Up

Today's Overall Ratings:
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Jefferies analyst John Hecht reiterated a Buy rating and raised his price target on Hercules Technology Growth Capital (NYSE: HTGC) to $15.00 (from $14.00) following Q2.

Hecht commented, "HTGC reported 2Q16 NOI of $0.32 exceeding our $0.29 estimate, influenced by heavy prepayment activity; although core earnings would have beat our estimate when normalizing for this. Despite high portfolio turnover the company continues to actively deploy capital at attractive yields. NAV declined 1.5% QoQ to $9.66, due to some modest impairment activity, although we believe credit trends remain fairly supportive. Maintain Buy."

For an analyst ratings summary and ratings history on Hercules Technology Growth Capital click here. For more ratings news on Hercules Technology Growth Capital click here.

Shares of Hercules Technology Growth Capital closed at $13.40 yesterday.

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