Shares of Hercules Capital Inc (NYSE:HTGC) have earned an average rating of “Buy” from the twelve analysts that are covering the stock, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.57.

A number of research analysts have recently issued reports on the company. ValuEngine raised Hercules Capital from a “sell” rating to a “hold” rating in a research note on Thursday, July 19th. JMP Securities raised their price objective on Hercules Capital from $14.00 to $14.50 and gave the company a “market outperform” rating in a research note on Thursday, August 16th. Wedbush raised their price objective on Hercules Capital from $13.75 to $15.00 and gave the company an “outperform” rating in a research note on Monday, August 6th. Finally, Compass Point set a $14.00 target price on Hercules Capital and gave the stock a “buy” rating in a research note on Friday, August 3rd.

Shares of NYSE:HTGC opened at $13.22 on Thursday. Hercules Capital has a 12-month low of $11.55 and a 12-month high of $13.97. The stock has a market cap of $1.27 billion, a PE ratio of 11.40, a P/E/G ratio of 10.80 and a beta of 0.88. The company has a current ratio of 3.57, a quick ratio of 3.57 and a debt-to-equity ratio of 0.77.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.28 by $0.01. Hercules Capital had a return on equity of 11.55% and a net margin of 56.32%. The firm had revenue of $49.56 million for the quarter, compared to analysts’ expectations of $48.79 million. During the same period last year, the firm earned $0.33 earnings per share. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. analysts anticipate that Hercules Capital will post 1.23 EPS for the current year.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Quantitative Systematic Strategies LLC bought a new stake in shares of Hercules Capital in the second quarter worth about $169,000. Cullen Frost Bankers Inc. bought a new stake in shares of Hercules Capital in the first quarter worth about $172,000. Telemus Capital LLC bought a new stake in shares of Hercules Capital in the second quarter worth about $190,000. Engineers Gate Manager LP bought a new stake in shares of Hercules Capital in the second quarter worth about $201,000. Finally, Eventide Asset Management LLC bought a new stake in shares of Hercules Capital in the first quarter worth about $203,000. 37.52% of the stock is currently owned by institutional investors.

Hercules Capital Company Profile

Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.

Further Reading: Leveraged Buyout (LBO)

Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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