Hercules Capital (HTGC) Rating Increased to Buy at ValuEngine

Hercules Capital (NYSE:HTGC) was upgraded by equities research analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Friday, December 1st.

A number of other equities analysts also recently weighed in on HTGC. Ladenburg Thalmann Financial Services started coverage on Hercules Capital in a report on Monday, November 20th. They issued a “buy” rating and a $14.50 target price on the stock. B. Riley reissued a “buy” rating on shares of Hercules Capital in a research note on Friday, November 3rd. Raymond James Financial raised Hercules Capital from an “underperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Wedbush assumed coverage on Hercules Capital in a research note on Tuesday, October 24th. They issued a “neutral” rating and a $13.25 target price for the company. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $15.00 price objective on shares of Hercules Capital in a research note on Tuesday, October 24th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the company’s stock. Hercules Capital presently has an average rating of “Buy” and an average target price of $14.36.

Shares of Hercules Capital (HTGC) opened at $13.10 on Friday. Hercules Capital has a 1-year low of $11.64 and a 1-year high of $15.68. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.34 and a quick ratio of 8.34. The firm has a market cap of $1,100.00, a PE ratio of 9.99, a P/E/G ratio of 2.25 and a beta of 0.87.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.29. The company had revenue of $45.90 million during the quarter, compared to the consensus estimate of $46.22 million. Hercules Capital had a net margin of 39.73% and a return on equity of 12.93%. Hercules Capital’s revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.32 EPS. analysts forecast that Hercules Capital will post 1.16 EPS for the current fiscal year.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in HTGC. California Public Employees Retirement System boosted its stake in Hercules Capital by 34.1% in the 1st quarter. California Public Employees Retirement System now owns 33,000 shares of the financial services provider’s stock valued at $499,000 after purchasing an additional 8,400 shares during the period. US Bancorp DE lifted its position in shares of Hercules Capital by 1.9% during the 2nd quarter. US Bancorp DE now owns 27,624 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 512 shares during the period. Russell Investments Group Ltd. lifted its position in shares of Hercules Capital by 4.1% during the 2nd quarter. Russell Investments Group Ltd. now owns 83,854 shares of the financial services provider’s stock valued at $1,110,000 after acquiring an additional 3,269 shares during the period. Eagle Global Advisors LLC bought a new stake in shares of Hercules Capital during the 2nd quarter valued at $154,000. Finally, Sei Investments Co. lifted its position in shares of Hercules Capital by 37.3% during the 2nd quarter. Sei Investments Co. now owns 19,138 shares of the financial services provider’s stock valued at $253,000 after acquiring an additional 5,198 shares during the period. Institutional investors and hedge funds own 38.97% of the company’s stock.

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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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Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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