Hercules Capital Inc (HTGC) Receives Consensus Recommendation of “Hold” from Analysts
Shares of Hercules Capital Inc (NYSE:HTGC) have received an average recommendation of “Hold” from the thirteen ratings firms that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell recommendation, four have given a hold recommendation and six have assigned a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $15.08.
A number of equities analysts have commented on HTGC shares. BidaskClub lowered Hercules Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. ValuEngine lowered Hercules Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $15.00 price objective on shares of Hercules Capital in a research note on Tuesday, July 4th. Raymond James Financial, Inc. reissued an “underperform” rating on shares of Hercules Capital in a research note on Friday, August 4th. Finally, Jefferies Group LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Hercules Capital in a research note on Wednesday, August 16th.
Several institutional investors and hedge funds have recently modified their holdings of HTGC. Bank of Montreal Can lifted its stake in shares of Hercules Capital by 846.3% during the first quarter. Bank of Montreal Can now owns 68,208 shares of the financial services provider’s stock valued at $1,032,000 after acquiring an additional 61,000 shares during the period. Russell Investments Group Ltd. lifted its stake in shares of Hercules Capital by 8.2% during the first quarter. Russell Investments Group Ltd. now owns 80,585 shares of the financial services provider’s stock valued at $1,219,000 after acquiring an additional 6,100 shares during the period. Bank of New York Mellon Corp acquired a new position in shares of Hercules Capital during the first quarter valued at $847,000. Suntrust Banks Inc. acquired a new position in shares of Hercules Capital during the first quarter valued at $271,000. Finally, Comerica Bank lifted its stake in shares of Hercules Capital by 14.5% during the first quarter. Comerica Bank now owns 23,730 shares of the financial services provider’s stock valued at $368,000 after acquiring an additional 2,997 shares during the period. 42.55% of the stock is currently owned by institutional investors and hedge funds.
Shares of Hercules Capital (NYSE HTGC) traded down 0.24% during midday trading on Friday, hitting $12.49. 305,716 shares of the company were exchanged. The firm has a market cap of $1.03 billion, a P/E ratio of 13.83 and a beta of 0.83. Hercules Capital has a one year low of $11.64 and a one year high of $15.68. The company’s 50 day moving average price is $12.57 and its 200 day moving average price is $13.62.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting analysts’ consensus estimates of $0.31. The company had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. Hercules Capital had a return on equity of 16.26% and a net margin of 68.42%. The business’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.32 earnings per share. Equities analysts expect that Hercules Capital will post $1.17 EPS for the current year.
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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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