Hercules Capital Inc Forecasted to Post Q4 2017 Earnings of $0.30 Per Share (HTGC)

Hercules Capital Inc (NYSE:HTGC) – Wedbush decreased their Q4 2017 earnings per share (EPS) estimates for shares of Hercules Capital in a research report issued to clients and investors on Wednesday. Wedbush analyst H. Coffey now anticipates that the financial services provider will earn $0.30 per share for the quarter, down from their prior 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 Q1 2018 earnings at $0.29 EPS.

HTGC has been the topic of several other research reports. ValuEngine raised Hercules Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Zacks Investment Research cut Hercules Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, January 16th. Ladenburg Thalmann Financial Services initiated coverage on Hercules Capital in a research report on Monday, November 20th. They set a “buy” rating and a $14.50 target price on the stock. Raymond James Financial raised Hercules Capital from an “underperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Finally, Sandler O’Neill raised Hercules Capital from a “hold” rating to a “buy” rating in a research report on Tuesday. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $14.43.

Hercules Capital (NYSE:HTGC) opened at $12.56 on Friday. The stock has a market capitalization of $1,074.76, a P/E ratio of 9.75, a P/E/G ratio of 1.99 and a beta of 0.74. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.87. Hercules Capital has a 1 year low of $11.64 and a 1 year high of $15.68.

A number of hedge funds have recently bought and sold shares of HTGC. Bank of New York Mellon Corp boosted its position in Hercules Capital by 17.8% in the second quarter. Bank of New York Mellon Corp now owns 65,885 shares of the financial services provider’s stock worth $873,000 after purchasing an additional 9,949 shares during the last quarter. GSA Capital Partners LLP purchased a new position in Hercules Capital in the second quarter worth $349,000. Suntrust Banks Inc. boosted its position in Hercules Capital by 6.6% in the second quarter. Suntrust Banks Inc. now owns 19,191 shares of the financial services provider’s stock worth $253,000 after purchasing an additional 1,183 shares during the last quarter. Parametric Portfolio Associates LLC boosted its position in Hercules Capital by 8.2% in the second quarter. Parametric Portfolio Associates LLC now owns 194,008 shares of the financial services provider’s stock worth $2,569,000 after purchasing an additional 14,767 shares during the last quarter. Finally, Citadel Advisors LLC purchased a new position in Hercules Capital in the second quarter worth $167,000. 39.11% of the stock is currently owned by institutional investors and hedge funds.

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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.

Earnings History and Estimates for Hercules Capital (NYSE:HTGC)

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