Hercules Capital, Inc. (NYSE:HTGC)‘s stock had its “underperform” rating reiterated by Raymond James Financial, Inc. in a report issued on Friday, MarketBeat.com reports.

HTGC has been the topic of a number of other reports. Zacks Investment Research upgraded shares of Hercules Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research report on Friday, May 12th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $17.00 price target on shares of Hercules Capital in a research report on Thursday, April 20th. Wunderlich restated a “hold” rating on shares of Hercules Capital in a research report on Tuesday, May 16th. Finally, ValuEngine lowered shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and seven have issued a buy rating to the company’s stock. Hercules Capital presently has an average rating of “Buy” and an average target price of $15.33.

Hercules Capital (NYSE:HTGC) traded down 4.13% during midday trading on Friday, hitting $12.78. The stock had a trading volume of 1,735,598 shares. Hercules Capital has a 52 week low of $12.29 and a 52 week high of $15.68. The company has a market cap of $1.06 billion, a PE ratio of 20.68 and a beta of 0.82. The stock’s 50 day moving average price is $13.30 and its 200-day moving average price is $14.13.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.31. The firm had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 13.07%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the business earned $0.32 earnings per share. Equities research analysts predict that Hercules Capital will post $1.24 earnings per share for the current year.

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Several institutional investors have recently made changes to their positions in HTGC. Global X Management Co. LLC raised its position in shares of Hercules Capital by 50.0% in 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 during the last quarter. Eagle Global Advisors LLC bought a new position in shares of Hercules Capital during the second quarter worth about $154,000. United Capital Financial Advisers LLC bought a new position in shares of Hercules Capital during the first quarter worth about $157,000. HighTower Advisors LLC raised its position in shares of Hercules Capital by 0.6% in the first quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock worth $183,000 after buying an additional 72 shares during the last quarter. Finally, Envestnet Asset Management Inc. raised its position in shares of Hercules Capital by 234.7% in the first quarter. Envestnet Asset Management Inc. now owns 12,400 shares of the financial services provider’s stock worth $188,000 after buying an additional 8,695 shares during the last quarter. Institutional investors own 44.17% 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.

Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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