Hercules Capital, Inc. (NYSE:HTGC) Given Underperform Rating at Raymond James Financial, Inc.

Hercules Capital, Inc. (NYSE:HTGC)‘s stock had its “underperform” rating reiterated by stock analysts at Raymond James Financial, Inc. in a note issued to investors on Friday, August 4th, Marketbeat Ratings reports.

Other equities research analysts also recently issued reports about the stock. Jefferies Group LLC reissued a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a research report on Friday, July 14th. BidaskClub cut shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Zacks Investment Research cut shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Keefe, Bruyette & Woods reissued an “outperform” rating on shares of Hercules Capital in a research report on Thursday, April 6th. Finally, ValuEngine cut shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average target price of $15.21.

Hercules Capital (HTGC) traded down 1.18% during midday trading on Friday, reaching $12.53. 388,500 shares of the company’s stock were exchanged. Hercules Capital has a 52 week low of $12.29 and a 52 week high of $15.68. The stock’s 50 day moving average is $13.19 and its 200 day moving average is $14.01. The firm has a market capitalization of $1.04 billion, a P/E ratio of 13.88 and a beta of 0.82.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The company had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. During the same period in the previous year, the firm earned $0.32 earnings per share. Hercules Capital’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts expect that Hercules Capital will post $1.17 EPS for the current fiscal year.

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Several institutional investors have recently added to or reduced their stakes in HTGC. Nwam LLC purchased a new position in Hercules Capital during the first quarter valued at approximately $284,000. LSV Asset Management raised its position in shares of Hercules Capital by 14.8% in the first quarter. LSV Asset Management now owns 1,129,565 shares of the financial services provider’s stock worth $17,090,000 after buying an additional 145,289 shares in the last quarter. Willingdon Wealth Management raised its position in shares of Hercules Capital by 17.8% in the first quarter. Willingdon Wealth Management now owns 211,831 shares of the financial services provider’s stock worth $3,205,000 after buying an additional 32,022 shares in the last quarter. Geneva Advisors LLC raised its position in shares of Hercules Capital by 96.7% in the first quarter. Geneva Advisors LLC now owns 111,232 shares of the financial services provider’s stock worth $1,683,000 after buying an additional 54,674 shares in the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Hercules Capital during the first quarter worth about $223,000. Institutional investors and hedge funds own 46.15% of the company’s stock.

About Hercules Capital

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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