Hercules Capital, Inc. (NYSE:HTGC) has earned a consensus rating of “Hold” from the thirteen brokerages that are covering the company, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have assigned a hold recommendation and seven have given a buy recommendation to the company. The average 1 year price target among brokers that have covered the stock in the last year is $14.75.
Several brokerages have issued reports on HTGC. BidaskClub downgraded Hercules Capital from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a report on Friday, July 14th. Zacks Investment Research downgraded Hercules Capital from a “hold” rating to a “sell” rating in a report on Monday, August 7th. ValuEngine upgraded Hercules Capital from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. Finally, JMP Securities restated a “mkt outperform” rating and issued a $14.50 price target on shares of Hercules Capital in a report on Monday, August 7th.
Large investors have recently bought and sold shares of the stock. The Manufacturers Life Insurance Company grew its holdings in shares of Hercules Capital by 29.8% during 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 in the last quarter. Global X Management Co. LLC grew its holdings in shares of Hercules Capital by 50.0% during 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 in the last quarter. Cetera Investment Advisers bought a new position in shares of Hercules Capital during the second quarter worth about $138,000. United Capital Financial Advisers LLC bought a new position in shares of Hercules Capital during the first quarter worth about $157,000. Finally, Eagle Global Advisors LLC bought a new position in shares of Hercules Capital during the second quarter worth about $154,000. Institutional investors and hedge funds own 42.55% of the company’s stock.
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Shares of Hercules Capital (HTGC) traded up 0.118% during midday trading on Wednesday, reaching $12.755. The company’s stock had a trading volume of 209,062 shares. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 14.125 and a beta of 0.85. The stock has a 50-day moving average of $12.47 and a 200 day moving average of $13.39. Hercules Capital has a 12 month low of $11.64 and a 12 month high of $15.68.
Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results 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 return on equity of 12.93% and a net margin of 38.69%. 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 prior year, the company earned $0.32 earnings per share. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts predict that Hercules Capital will post $1.17 earnings per share for the current fiscal year.
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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