Hercules Capital, Inc. (NYSE:HTGC) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a report released on Monday, July 24th.
Several other analysts also recently weighed in on HTGC. Keefe, Bruyette & Woods restated an “outperform” rating on shares of Hercules Capital in a research note on Thursday, April 6th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research note on Friday, April 7th. Zacks Investment Research downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Wunderlich downgraded Hercules Capital from a “buy” rating to a “hold” rating and cut their price target for the stock from $16.00 to $13.00 in a research note on Monday, May 8th. Finally, ValuEngine downgraded Hercules Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $15.20.
Shares of Hercules Capital (HTGC) traded down 3.68% on Monday, hitting $12.84. The company had a trading volume of 1,444,383 shares. Hercules Capital has a 52 week low of $12.29 and a 52 week high of $15.68. The firm’s 50 day moving average price is $13.30 and its 200-day moving average price is $14.13. The stock has a market capitalization of $1.06 billion, a PE ratio of 20.78 and a beta of 0.82.
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 the consensus estimate of $0.31. Hercules Capital had a return on equity of 13.10% and a net margin of 26.75%. The firm had revenue of $48.45 million during the quarter, compared to analyst estimates of $48.25 million. During the same quarter in the prior year, the company earned $0.32 EPS. The business’s revenue was up 11.3% compared to the same quarter last year. Analysts forecast that Hercules Capital will post $1.24 earnings per share for the current fiscal year.
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A number of hedge funds have recently modified their holdings of the stock. Russell Investments Group Ltd. acquired a new stake in shares of Hercules Capital during the fourth quarter valued at approximately $1,055,000. Bank of Montreal Can boosted its position in Hercules Capital by 846.3% in the first quarter. Bank of Montreal Can now owns 68,208 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 61,000 shares during the last quarter. DnB Asset Management AS boosted its position in Hercules Capital by 23.7% in the first quarter. DnB Asset Management AS now owns 61,639 shares of the financial services provider’s stock valued at $933,000 after buying an additional 11,800 shares during the last quarter. Naples Global Advisors LLC boosted its position in Hercules Capital by 0.5% in the first quarter. Naples Global Advisors LLC now owns 69,056 shares of the financial services provider’s stock valued at $1,045,000 after buying an additional 325 shares during the last quarter. Finally, Independent Portfolio Consultants Inc. purchased a new position in Hercules Capital during the first quarter valued at $223,000. Institutional investors and hedge funds own 44.17% 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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