Hercules Capital (NYSE:HTGC) Research Coverage Started at UBS Group

Equities research analysts at UBS Group assumed coverage on shares of Hercules Capital (NYSE:HTGC) in a research report issued on Tuesday, Briefing.com reports. The brokerage set a “neutral” rating and a $17.00 price target on the financial services provider’s stock. UBS Group’s price objective would suggest a potential upside of 8.38% from the stock’s current price.

Other equities research analysts have also issued research reports about the stock. Piper Sandler dropped their target price on shares of Hercules Capital from $18.50 to $18.00 and set an “overweight” rating for the company in a report on Friday, November 3rd. Keefe, Bruyette & Woods raised shares of Hercules Capital from an “underperform” rating to a “market perform” rating and upped their price objective for the company from $13.50 to $17.00 in a research note on Friday, August 4th. LADENBURG THALM/SH SH raised their target price on shares of Hercules Capital from $17.00 to $18.50 in a research note on Friday, August 4th. JMP Securities upped their price target on Hercules Capital from $15.00 to $18.00 and gave the company an “outperform” rating in a research report on Friday, August 11th. Finally, Compass Point upgraded Hercules Capital from a “neutral” rating to a “buy” rating and set a $17.50 price objective on the stock in a research report on Wednesday, August 30th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $17.25.

Hercules Capital Stock Performance

Shares of NYSE:HTGC opened at $15.69 on Tuesday. The company has a debt-to-equity ratio of 0.99, a current ratio of 1.50 and a quick ratio of 1.50. Hercules Capital has a 1 year low of $10.94 and a 1 year high of $18.05. The firm has a market capitalization of $2.37 billion, a PE ratio of 7.84 and a beta of 1.40. The business’s 50 day moving average price is $15.97 and its 200-day moving average price is $15.61.

Institutional Investors Weigh In On Hercules Capital

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Cooper Creek Partners Management LLC purchased a new stake in Hercules Capital in the first quarter valued at approximately $7,011,000. Miller Howard Investments Inc. NY acquired a new position in Hercules Capital during the 1st quarter worth about $3,867,000. Atria Wealth Solutions Inc. purchased a new position in Hercules Capital during the 1st quarter valued at about $4,706,000. Goldman Sachs Group Inc. grew its position in Hercules Capital by 130.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 44,478 shares of the financial services provider’s stock valued at $658,000 after acquiring an additional 191,690 shares in the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. increased its stake in Hercules Capital by 81.2% during the first quarter. Connor Clark & Lunn Investment Management Ltd. now owns 401,704 shares of the financial services provider’s stock worth $5,178,000 after purchasing an additional 180,025 shares during the period. Hedge funds and other institutional investors own 25.73% of the company’s stock.

Hercules Capital Company Profile

Hercules Capital, Inc is a business development company. The firm 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.