Hercules Capital Inc (NYSE:HTGC) – Investment analysts at Wedbush decreased their Q2 2018 earnings per share (EPS) estimates for shares of Hercules Capital in a report issued on Wednesday. Wedbush analyst H. Coffey now expects that the financial services provider will post earnings per share of $0.29 for the quarter, down from their previous forecast of $0.31. Wedbush has a “Outperform” rating and a $13.75 price objective on the stock. Wedbush also issued estimates for Hercules Capital’s Q3 2018 earnings at $0.35 EPS.
A number of other research firms have also recently weighed in on HTGC. Ladenburg Thalmann Financial Services initiated coverage on shares of Hercules Capital in a report on Monday, November 20th. They issued a “buy” rating and a $14.50 price objective on the stock. ValuEngine cut shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Sandler O’Neill raised shares of Hercules Capital from a “hold” rating to a “buy” rating in a report on Tuesday. Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Hercules Capital in a report on Tuesday, October 24th. Finally, Zacks Investment Research cut shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Wednesday, January 24th. Six research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $14.43.
Institutional investors have recently added to or reduced their stakes in the business. JPMorgan Chase & Co. increased its stake in Hercules Capital by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock valued at $116,000 after buying an additional 3,891 shares during the period. The Manufacturers Life Insurance Company boosted its position in shares of Hercules Capital by 29.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 2,034 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services bought a new position in shares of Hercules Capital during the 4th quarter valued at about $131,000. Cetera Investment Advisers bought a new position in shares of Hercules Capital during the 2nd quarter valued at about $138,000. Finally, HighTower Advisors LLC boosted its position in shares of Hercules Capital by 0.7% during the 2nd quarter. HighTower Advisors LLC now owns 12,174 shares of the financial services provider’s stock valued at $162,000 after purchasing an additional 81 shares in the last quarter. 39.11% of the stock is currently owned by hedge funds and other institutional investors.
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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