Jefferies Believes Hercules Capital (NYSE: HTGC) Still Has Room to Grow

Jefferies analyst John Hecht maintained a Buy rating on Hercules Capital (HTGCResearch Report) on May 28. The company’s shares closed last Thursday at $17.30, close to its 52-week high of $17.72.

According to TipRanks.com, Hecht is a 5-star analyst with an average return of 16.2% and a 73.8% success rate. Hecht covers the Financial sector, focusing on stocks such as Discover Financial Services, Consumer Portfolio Services, and Santander Consumer USA.

Currently, the analyst consensus on Hercules Capital is a Strong Buy with an average price target of $18.46.

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The company has a one-year high of $17.72 and a one-year low of $9.87. Currently, Hercules Capital has an average volume of 703.6K.

Based on the recent corporate insider activity of 93 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of HTGC in relation to earlier this year.

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Hercules Capital, Inc. is a specialty finance company, which focuses on providing senior secured loans to high-growth, innovative venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. The company was founded by Manuel A. Henriquez in December 2003 and is headquartered in Palo Alto, CA.