BidaskClub lowered shares of Hercules Capital, Inc. (NYSE:HTGC) from a strong-buy rating to a buy rating in a research note published on Monday.
Several other equities research analysts have also recently weighed in on the stock. Keefe, Bruyette & Woods reiterated an outperform rating on shares of Hercules Capital in a research note on Thursday, April 6th. Jefferies Group LLC reiterated a buy rating and issued a $16.00 target price on shares of Hercules Capital in a research note on Friday, April 7th. Zacks Investment Research cut shares of Hercules Capital from a hold rating to a sell rating in a research note on Friday, May 5th. Wunderlich cut shares of Hercules Capital from a buy rating to a hold rating and reduced their target price for the company from $16.00 to $13.00 in a research note on Monday, May 8th. Finally, ValuEngine cut shares of Hercules Capital from a strong-buy rating to a buy rating in a research note on Friday, June 2nd. Five analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. Hercules Capital currently has a consensus rating of Buy and an average target price of $14.83.
Shares of Hercules Capital (HTGC) traded up 0.68% during mid-day trading on Monday, reaching $13.38. The company’s stock had a trading volume of 134,737 shares. The company has a 50 day moving average price of $13.26 and a 200 day moving average price of $14.17. Hercules Capital has a 12 month low of $12.29 and a 12 month high of $15.68. The stock has a market capitalization of $1.11 billion, a P/E ratio of 21.65 and a beta of 0.82.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, May 4th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. The business had revenue of $46.37 million during the quarter, compared to analyst estimates of $48.33 million. Hercules Capital had a net margin of 26.75% and a return on equity of 13.10%. During the same period in the prior year, the business posted $0.32 earnings per share. On average, equities research analysts anticipate that Hercules Capital will post $1.25 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the company. LSV Asset Management boosted 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 boosted 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 boosted 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. Advisory Services Network LLC acquired a new position in shares of Hercules Capital during the first quarter worth approximately $223,000. Finally, Sumitomo Mitsui Asset Management Company LTD boosted its position in shares of Hercules Capital by 77.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 542,251 shares of the financial services provider’s stock worth $8,204,000 after buying an additional 237,203 shares in the last quarter. Hedge funds and other institutional investors own 44.14% 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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