Hercules Capital Inc (HTGC) Given Average Recommendation of “Buy” by Analysts

Shares of Hercules Capital Inc (NYSE:HTGC) have been assigned an average rating of “Buy” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $14.59.

HTGC has been the topic of a number of research reports. Ladenburg Thalmann Financial Services initiated coverage on Hercules Capital in a report on Monday, November 20th. They set a “buy” rating and a $14.50 price target on the stock. Wedbush initiated coverage on Hercules Capital in a report on Tuesday, October 24th. They set a “neutral” rating and a $13.25 price target on the stock. ValuEngine lowered Hercules Capital from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Sandler O’Neill raised Hercules Capital from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $15.00 price target on shares of Hercules Capital in a report on Tuesday, October 24th.

A number of institutional investors and hedge funds have recently made changes to their positions in HTGC. Polaris Capital Management LLC boosted its holdings in Hercules Capital by 390.6% in the 4th quarter. Polaris Capital Management LLC now owns 673,200 shares of the financial services provider’s stock valued at $9,667,000 after purchasing an additional 535,990 shares in the last quarter. Northpointe Capital LLC boosted its holdings in Hercules Capital by 46.0% in the 4th quarter. Northpointe Capital LLC now owns 1,206,043 shares of the financial services provider’s stock valued at $15,823,000 after purchasing an additional 380,058 shares in the last quarter. Atlantic Trust Group LLC boosted its holdings in Hercules Capital by 450.9% in the 3rd quarter. Atlantic Trust Group LLC now owns 172,589 shares of the financial services provider’s stock valued at $2,227,000 after purchasing an additional 141,259 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Hercules Capital by 9.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,505,802 shares of the financial services provider’s stock valued at $19,757,000 after purchasing an additional 124,230 shares in the last quarter. Finally, Shell Asset Management Co. purchased a new stake in Hercules Capital in the 3rd quarter valued at approximately $1,344,000. 38.97% of the stock is currently owned by institutional investors.

Hercules Capital (HTGC) traded up $0.05 during midday trading on Tuesday, hitting $12.46. The company had a trading volume of 237,261 shares, compared to its average volume of 390,179. The company has a debt-to-equity ratio of 0.87, a quick ratio of 8.34 and a current ratio of 8.34. Hercules Capital has a 52-week low of $11.64 and a 52-week high of $15.68. The stock has a market capitalization of $1,038.57, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.92 and a beta of 0.74.

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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.

Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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