BidaskClub lowered shares of Hercules Capital, Inc. (NYSE:HTGC) from a buy rating to a hold rating in a report issued on Thursday.
A number of other research firms have also recently commented on HTGC. JMP Securities restated a mkt outperform rating and issued a $14.50 price target on shares of Hercules Capital in a report on Monday, August 7th. Raymond James Financial, Inc. restated an underperform rating on shares of Hercules Capital in a report on Friday, August 4th. Jefferies Group LLC restated a buy rating and issued a $16.00 price target on shares of Hercules Capital in a report on Friday, July 14th. Royal Bank Of Canada restated a buy rating and issued a $16.00 price target on shares of Hercules Capital in a report on Sunday, August 6th. Finally, ValuEngine cut shares of Hercules Capital from a buy rating to a hold rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $14.50.
Shares of Hercules Capital (NYSE HTGC) traded down 0.55% during midday trading on Thursday, reaching $12.69. 254,639 shares of the company’s stock traded hands. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.05 and a beta of 0.85. Hercules Capital has a one year low of $11.64 and a one year high of $15.68. The company has a 50-day moving average of $12.46 and a 200-day moving average of $13.44.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.31. The firm had revenue of $48.45 million for the quarter, compared to analysts’ expectations of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. Equities research analysts anticipate that Hercules Capital will post $1.17 EPS for the current year.
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A number of large investors have recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. lifted its stake in Hercules Capital by 9.1% in the second quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock worth $52,394,000 after acquiring an additional 330,564 shares during the period. Principal Financial Group Inc. lifted its stake in Hercules Capital by 108.0% in the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock worth $39,158,000 after acquiring an additional 1,535,592 shares during the period. UBS Group AG lifted its stake in Hercules Capital by 26.7% in the first quarter. UBS Group AG now owns 2,303,026 shares of the financial services provider’s stock worth $34,845,000 after acquiring an additional 485,745 shares during the period. Advisors Capital Management LLC lifted its stake in Hercules Capital by 14.0% in the second quarter. Advisors Capital Management LLC now owns 934,858 shares of the financial services provider’s stock worth $12,378,000 after acquiring an additional 114,808 shares during the period. Finally, Ares Management LLC lifted its stake in Hercules Capital by 654.8% in the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock worth $10,117,000 after acquiring an additional 662,950 shares during the period. 42.55% of the stock is owned by institutional investors.
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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