Hercules Capital (NYSE:HTGC) PT Raised to $19.00 at JMP Securities

Hercules Capital (NYSE:HTGC) had its target price boosted by equities researchers at JMP Securities from $18.00 to $19.00 in a research note issued on Tuesday, Benzinga reports. The firm presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price target points to a potential upside of 3.43% from the stock’s current price.

A number of other analysts have also commented on the company. Piper Sandler lifted their price target on Hercules Capital from $18.50 to $20.00 and gave the company an “overweight” rating in a research note on Friday, February 16th. Compass Point cut shares of Hercules Capital from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $17.00 to $17.50 in a research note on Tuesday, January 16th. Wells Fargo & Company lifted their target price on Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Keefe, Bruyette & Woods increased their price target on Hercules Capital from $17.00 to $18.00 and gave the company a “market perform” rating in a research note on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $17.88.

Hercules Capital Stock Performance

NYSE:HTGC opened at $18.37 on Tuesday. Hercules Capital has a twelve month low of $12.06 and a twelve month high of $18.88. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.86. The stock’s 50-day simple moving average is $17.88 and its 200 day simple moving average is $16.73. The firm has a market capitalization of $2.91 billion, a PE ratio of 7.95 and a beta of 1.34.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. The business had revenue of $122.60 million during the quarter, compared to the consensus estimate of $117.48 million. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The firm’s revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.47 EPS. On average, analysts anticipate that Hercules Capital will post 2.05 EPS for the current fiscal year.

Hedge Funds Weigh In On Hercules Capital

Several institutional investors have recently made changes to their positions in HTGC. Money Concepts Capital Corp increased its position in Hercules Capital by 220.3% in the 4th quarter. Money Concepts Capital Corp now owns 2,883 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,983 shares in the last quarter. C M Bidwell & Associates Ltd. acquired a new position in shares of Hercules Capital during the second quarter worth approximately $40,000. ICA Group Wealth Management LLC bought a new position in shares of Hercules Capital in the 4th quarter worth $40,000. Coppell Advisory Solutions Corp. acquired a new stake in Hercules Capital in the 4th quarter valued at $42,000. Finally, BNP Paribas Arbitrage SNC increased its stake in Hercules Capital by 1,105.2% during the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,688 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 3,382 shares in the last quarter. Institutional investors and hedge funds own 19.69% 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.