Hercules Capital, Inc. (NYSE:HTGC) was upgraded by stock analysts at Compass Point from a “neutral” rating to a “buy” rating in a research note issued to investors on Friday, The Fly reports.

Several other brokerages have also weighed in on HTGC. JMP Securities reiterated a “mkt outperform” rating and set a $14.50 price objective on shares of Hercules Capital in a report on Monday, August 7th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hercules Capital in a report on Friday, August 4th. 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. Royal Bank Of Canada reiterated a “buy” rating and set a $16.00 price objective on shares of Hercules Capital in a report on Sunday, August 6th. Finally, BidaskClub lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $15.21.

Hercules Capital (NYSE HTGC) traded down 0.99% during mid-day trading on Friday, hitting $11.99. The company’s stock had a trading volume of 825,431 shares. The firm has a 50 day moving average of $12.81 and a 200-day moving average of $13.78. Hercules Capital has a 52-week low of $11.64 and a 52-week high of $15.68. The firm has a market cap of $992.71 million, a price-to-earnings ratio of 13.28 and a beta of 0.83.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, meeting the consensus estimate of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The firm had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. During the same quarter in the prior year, the business earned $0.32 earnings per share. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts expect that Hercules Capital will post $1.17 EPS for the current fiscal year.

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Several institutional investors and hedge funds have recently bought and sold shares of the stock. Cetera Investment Advisers acquired a new stake in shares of Hercules Capital in the 2nd quarter worth about $138,000. Polaris Capital Management LLC raised its holdings in shares of Hercules Capital by 2.3% in the 2nd quarter. Polaris Capital Management LLC now owns 133,995 shares of the financial services provider’s stock worth $1,774,000 after acquiring an additional 3,049 shares during the last quarter. Nomura Holdings Inc. raised its holdings in shares of Hercules Capital by 6.9% in the 2nd quarter. Nomura Holdings Inc. now owns 360,947 shares of the financial services provider’s stock worth $4,782,000 after acquiring an additional 23,271 shares during the last quarter. The Manufacturers Life Insurance Company raised its holdings in shares of Hercules Capital by 29.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 2,034 shares during the last quarter. Finally, Ares Management LLC raised its holdings in shares of Hercules Capital by 654.8% in the 2nd quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock worth $10,117,000 after acquiring an additional 662,950 shares during the last quarter. Institutional investors own 44.64% 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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