Hercules Capital (NYSE:HTGC) was upgraded by ValuEngine from a “hold” rating to a “buy” rating in a research note issued on Friday.

A number of other research firms also recently issued reports on HTGC. Ladenburg Thalmann Financial Services assumed coverage on Hercules Capital in a research report on Monday, November 20th. They set a “buy” rating and a $14.50 price target on the stock. B. Riley reissued a “buy” rating on shares of Hercules Capital in a research report on Friday, November 3rd. Raymond James Financial reissued an “underperform” rating on shares of Hercules Capital in a research report on Friday, August 4th. FBR & Co assumed coverage on Hercules Capital in a research report on Monday, October 2nd. They set a “buy” rating and a $14.00 price objective on the stock. Finally, Jefferies Group reaffirmed a “buy” rating and set a $16.00 price objective on shares of Hercules Capital in a research report on Wednesday, August 16th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus target price of $14.36.

Hercules Capital (NYSE:HTGC) traded down $0.05 on Friday, hitting $13.39. The stock had a trading volume of 308,333 shares, compared to its average volume of 437,377. Hercules Capital has a fifty-two week low of $11.64 and a fifty-two week high of $15.68. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.87. The company has a market cap of $1,126.94, a P/E ratio of 10.22, a price-to-earnings-growth ratio of 2.30 and a beta of 0.86.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.29. Hercules Capital had a return on equity of 12.93% and a net margin of 39.73%. The business had revenue of $45.90 million for the quarter, compared to the consensus estimate of $46.22 million. During the same quarter in the prior year, the company earned $0.32 EPS. The business’s revenue was up 1.8% compared to the same quarter last year. equities analysts forecast that Hercules Capital will post 1.16 EPS for the current fiscal year.

A number of hedge funds have recently modified their holdings of HTGC. Principal Financial Group Inc. boosted its position in Hercules Capital by 108.0% during the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock valued at $39,158,000 after purchasing an additional 1,535,592 shares in the last quarter. Ares Management LLC boosted its position in Hercules Capital by 654.8% during the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock valued at $10,117,000 after purchasing an additional 662,950 shares in the last quarter. Muzinich & Co. Inc. boosted its holdings in Hercules Capital by 9.1% in the second quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock worth $52,394,000 after acquiring an additional 330,564 shares in the last quarter. Advisors Asset Management Inc. acquired a new stake in Hercules Capital in the second quarter worth about $3,832,000. Finally, Stifel Financial Corp boosted its holdings in Hercules Capital by 52.6% in the second quarter. Stifel Financial Corp now owns 489,896 shares of the financial services provider’s stock worth $6,499,000 after acquiring an additional 168,900 shares in the last quarter. 39.03% of the stock is currently owned by institutional investors.

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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.

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Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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