Hercules Capital, Inc. (NYSE:HTGC)‘s stock had its “buy” rating restated by equities researchers at Royal Bank Of Canada in a report released on Sunday. They currently have a $16.00 target price on the financial services provider’s stock. Royal Bank Of Canada’s target price would indicate a potential upside of 25.20% from the stock’s previous close.

HTGC has been the subject of a number of other research reports. Zacks Investment Research raised Hercules Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a research report on Friday, May 12th. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $17.00 target price on shares of Hercules Capital in a research report on Thursday, April 20th. Wunderlich reaffirmed a “hold” rating on shares of Hercules Capital in a research report on Tuesday, May 16th. Finally, ValuEngine cut 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 assigned a hold rating and seven have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $15.33.

Hercules Capital (NYSE HTGC) traded down 4.13% during mid-day trading on Friday, hitting $12.78. 1,735,598 shares of the stock were exchanged. Hercules Capital has a 52 week low of $12.29 and a 52 week high of $15.68. The company has a 50 day moving average price of $13.30 and a 200 day moving average price of $14.13. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 20.68 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 analysts’ consensus estimates of $0.31. The firm had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. Hercules Capital had a return on equity of 13.07% and a net margin of 38.69%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.32 earnings per share. Analysts expect that Hercules Capital will post $1.24 EPS for the current fiscal year.

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Several hedge funds and other institutional investors have recently modified their holdings of HTGC. 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 period. BB&T Securities LLC raised its position in shares of Hercules Capital by 0.7% in the first quarter. BB&T Securities LLC now owns 14,561 shares of the financial services provider’s stock worth $220,000 after buying an additional 100 shares during the period. Naples Global Advisors LLC raised its position in shares of 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 worth $1,045,000 after buying an additional 325 shares during the period. Ameriprise Financial Inc. raised its position in shares of Hercules Capital by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 15,291 shares of the financial services provider’s stock worth $231,000 after buying an additional 331 shares during the period. Finally, US Bancorp DE raised its position in shares of Hercules Capital by 1.9% in the second quarter. US Bancorp DE now owns 27,624 shares of the financial services provider’s stock worth $366,000 after buying an additional 512 shares during the period. 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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