Back to top

Bull of the Day

We are upgrading our recommendation on Hercules Tech Growth Capital (HTGC) to Outperform on its better-than-expected second quarter results and renewed credit facilities. Second quarter distributable net operating income (DNOI) came in a nickel ahead of the Zacks Consensus Estimate. Increased investment income and improved net realized and unrealized gain on investments were the primary contributors.

A strong balance sheet and high level of liquidity were also among the positives. Despite the capital market disruption and sluggish economic recovery, we expect a steady pace of new investments by venture capitalists. This could lead to new investment opportunities.

Our six-month target price of $11.00 per share equates to about 11.7x our DNOI estimate for 2011. This price target implies an expected total return of 24.3% over that period, which is consistent with our long-term Outperform recommendation.

Please login to Zacks.com or register to post a comment.

New to Zacks?

Start Here

Zacks Investment Research

Close

Are you a new Zacks Member or a visitor to Zacks.com?

Top Zacks Features

My Portfolio Tracker

Is it Time to Sell?

One of the most important steps you can take today is to set up your portfolio tracker on Zacks.com. Once you do, you'll be notified of major events affecting your stocks and/or funds with daily email alerts.

More Zacks Resources

Zacks Rank Home - Evaluate your stocks and use the Zacks Rank to eliminate the losers and keep the winners.

Mutual Fund Rank Home - Evaluate your funds with the Mutual Fund Rank for both your personal and retirement funds.

Stock/Mutual Fund Screening - Find better stocks and mutual funds. The ones most likely to beat the market and provide a positive return.

My Portfolio - Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.

Zacks #1 Rank Top Movers for Zacks #1 Rank Top Movers

Company Symbol Price %Chg
UTD THERAPE… UTHR 117.83 +28.51%
TRIQUINT SE… TQNT 20.67 +6.52%
RF MICRO DE… RFMD 12.47 +6.04%
VASCO DATA… VDSI 14.77 +4.68%
BANCO DO BR… BDORY 15.53 +3.95%