Hercules Capital, Inc. (NYSE:HTGC) was upgraded by equities research analysts at Raymond James Financial, Inc. from an “underperform” rating to a “market perform” rating in a report issued on Friday.

A number of other equities research analysts have also recently weighed in on HTGC. Wedbush initiated coverage on Hercules Capital in a report on Tuesday, October 24th. They set a “neutral” rating and a $13.25 price target for the company. JMP Securities reaffirmed a “mkt outperform” rating and set a $14.50 price target on shares of Hercules Capital in a report on Monday, August 7th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Hercules Capital in a research report on Friday, July 14th. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 price objective on shares of Hercules Capital in a research report on Sunday, August 6th. Finally, BidaskClub lowered Hercules Capital from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company’s stock. Hercules Capital has a consensus rating of “Hold” and a consensus target price of $14.34.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.29 EPS for the quarter, meeting the consensus estimate of $0.29. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The firm had revenue of $45.90 million during the quarter, compared to analysts’ expectations of $46.22 million. During the same quarter in the prior year, the firm posted $0.32 EPS. The company’s revenue for the quarter was up 1.8% on a year-over-year basis.

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Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Muzinich & Co. Inc. raised its stake in shares of Hercules Capital by 9.1% in the 2nd quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock valued at $52,394,000 after purchasing an additional 330,564 shares during the period. Principal Financial Group Inc. raised its stake in shares of Hercules Capital by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 3,019,307 shares of the financial services provider’s stock valued at $38,948,000 after purchasing an additional 61,716 shares during the period. Advisors Capital Management LLC raised its stake in shares of Hercules Capital by 14.0% in the 2nd quarter. Advisors Capital Management LLC now owns 934,858 shares of the financial services provider’s stock valued at $12,378,000 after purchasing an additional 114,808 shares during the period. Northpointe Capital LLC raised its stake in shares of Hercules Capital by 23.9% in the 3rd quarter. Northpointe Capital LLC now owns 825,985 shares of the financial services provider’s stock valued at $10,655,000 after purchasing an additional 159,343 shares during the period. Finally, Ares Management LLC increased its position in shares of Hercules Capital by 654.8% in the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock valued at $10,117,000 after acquiring an additional 662,950 shares during the last quarter. 42.74% of the stock is currently owned by hedge funds and other institutional investors.

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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