Hercules Capital’s (HTGC) Mkt Outperform Rating Reaffirmed at JMP Securities
Hercules Capital, Inc. (NYSE:HTGC)‘s stock had its “mkt outperform” rating reissued by research analysts at JMP Securities in a report issued on Monday. They presently have a $14.50 target price on the financial services provider’s stock. JMP Securities’ price target suggests a potential upside of 13.46% from the company’s previous close.
Several other research firms have also recently issued reports on HTGC. Keefe, Bruyette & Woods reaffirmed an “outperform” rating and set a $17.00 price target on shares of Hercules Capital in a research note on Thursday, April 20th. Zacks Investment Research lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Jefferies Group LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Hercules Capital in a report on Friday, July 14th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hercules Capital in a report on Friday. Finally, Wunderlich reiterated a “hold” rating on shares of Hercules Capital in a report on Tuesday, May 16th. One analyst has rated the stock with a sell rating, four have given a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $15.21.
Shares of Hercules Capital (NYSE HTGC) traded up 2.074% during trading on Monday, reaching $13.045. 236,831 shares of the company’s stock were exchanged. Hercules Capital has a 52 week low of $12.29 and a 52 week high of $15.68. The stock has a market capitalization of $1.08 billion, a price-to-earnings ratio of 21.108 and a beta of 0.82. The stock has a 50 day moving average price of $13.31 and a 200-day moving average price of $14.13.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The company had revenue of $48.45 million for the quarter, compared to analysts’ expectations of $48.25 million. During the same period last year, the company earned $0.32 EPS. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts predict that Hercules Capital will post $1.21 earnings per share for the current year.
Hedge funds have recently bought and sold shares of the stock. Bank of Montreal Can raised its stake 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 worth $1,032,000 after buying an additional 61,000 shares in the last quarter. DnB Asset Management AS raised its stake 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 worth $933,000 after buying an additional 11,800 shares in the last quarter. Naples Global Advisors LLC raised its stake 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 worth $1,045,000 after buying an additional 325 shares in the last quarter. Independent Portfolio Consultants Inc. bought a new stake in Hercules Capital during the first quarter worth $223,000. Finally, Granite Investment Partners LLC bought a new stake in Hercules Capital during the first quarter worth $9,428,000. Institutional investors own 44.25% 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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