Stifel Nicolaus Has A Buy Rating On Hercules Technology Growth (HTGC)
Stifel Nicolaus has a Buy rating on shares of Hercules Technology Growth Capital (NASDAQ: HTGC). Today, the firm released a note in which they increased their price target on the stock to $12 from $11. The analyst wrote that the company released a press release highlighting first quarter origination activity and that the pace is ahead of their expectations. HTCG had Q1 investments totaling $77 million which was well ahead of Stifel's estimates of $50 million. During today's trading session, Hercules (HTGC) shares have lost 2.26% to $10.38.
Hercules Technology Growth Capital, Inc. (HTGC) is a specialty finance company that provides debt and equity growth capital to technology-related companies at all stages of development from seed and emerging growth to expansion and established stages of development, which include select publicly listed companies and lower middle market companies.
