Hercules Capital, Inc. (NYSE:HTGC)‘s stock had its “buy” rating restated by investment analysts at Jefferies Group LLC in a report released on Wednesday. They presently have a $16.00 price objective on the financial services provider’s stock. Jefferies Group LLC’s price target would indicate a potential upside of 24.90% from the stock’s previous close.
A number of other research analysts have also commented on the company. Zacks Investment Research lowered Hercules Capital from a “hold” rating to a “sell” rating in a report on Monday, August 7th. JMP Securities reiterated a “mkt outperform” rating and set a $14.50 price target on shares of Hercules Capital in a report on Monday, August 7th. Royal Bank Of Canada reiterated a “buy” rating and set a $16.00 price target on shares of Hercules Capital in a report on Sunday, August 6th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hercules Capital in a report on Friday, August 4th. Finally, BidaskClub lowered Hercules Capital from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the company’s stock. The company currently has an average rating of “Hold” and a consensus target price of $15.21.
Shares of Hercules Capital (NYSE HTGC) opened at 12.81 on Wednesday. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 14.19 and a beta of 0.82. Hercules Capital has a 52 week low of $12.29 and a 52 week high of $15.68. The company has a 50 day moving average of $13.25 and a 200-day moving average of $14.04.
Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The firm had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. On average, equities research analysts expect that Hercules Capital will post $1.18 earnings per share for the current fiscal year.
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Several hedge funds and other institutional investors have recently modified their holdings of the stock. The Manufacturers Life Insurance Company raised its position in shares of Hercules Capital by 29.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,034 shares during the last quarter. Global X Management Co. LLC raised its position in shares of Hercules Capital by 50.0% in the first quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock worth $139,000 after buying an additional 3,067 shares during the last quarter. United Capital Financial Advisers LLC purchased a new position in shares of Hercules Capital during the first quarter worth approximately $157,000. Eagle Global Advisors LLC purchased a new position in shares of Hercules Capital during the second quarter worth approximately $154,000. Finally, Financial Counselors Inc. purchased a new position in shares of Hercules Capital during the second quarter worth approximately $154,000. Institutional investors and hedge funds own 46.15% of the company’s stock.
Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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