Compass Point Boosts Hercules Capital (NYSE:HTGC) Price Target to $20.00

Hercules Capital (NYSE:HTGC) had its price target upped by equities research analysts at Compass Point from $18.25 to $20.00 in a research report issued on Wednesday,Benzinga reports. The firm currently has a “neutral” rating on the financial services provider’s stock. Compass Point’s target price points to a potential downside of 7.77% from the company’s previous close.

A number of other brokerages also recently issued reports on HTGC. Wells Fargo & Company upped their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, JMP Securities reiterated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Hercules Capital Trading Down 0.1 %

Shares of NYSE:HTGC traded down $0.02 on Wednesday, hitting $21.69. 182,381 shares of the company’s stock were exchanged, compared to its average volume of 903,247. The stock has a market capitalization of $3.75 billion, a price-to-earnings ratio of 13.46 and a beta of 1.35. Hercules Capital has a 12 month low of $16.95 and a 12 month high of $21.78. The business’s 50 day simple moving average is $20.32 and its two-hundred day simple moving average is $19.61. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The business had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million. Analysts anticipate that Hercules Capital will post 1.97 EPS for the current fiscal year.

Institutional Trading of Hercules Capital

Several hedge funds have recently added to or reduced their stakes in the company. Creative Planning raised its holdings in shares of Hercules Capital by 18.9% in the 3rd quarter. Creative Planning now owns 38,043 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 6,049 shares in the last quarter. Foundations Investment Advisors LLC raised its stake in Hercules Capital by 29.0% in the third quarter. Foundations Investment Advisors LLC now owns 13,590 shares of the financial services provider’s stock valued at $267,000 after buying an additional 3,057 shares in the last quarter. Private Advisor Group LLC boosted its position in shares of Hercules Capital by 28.2% during the 3rd quarter. Private Advisor Group LLC now owns 123,914 shares of the financial services provider’s stock worth $2,434,000 after acquiring an additional 27,221 shares in the last quarter. TFG Advisers LLC increased its holdings in shares of Hercules Capital by 93.9% in the 3rd quarter. TFG Advisers LLC now owns 36,654 shares of the financial services provider’s stock valued at $720,000 after acquiring an additional 17,748 shares during the last quarter. Finally, International Assets Investment Management LLC raised its position in shares of Hercules Capital by 1,861.8% during the 3rd quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock worth $79,960,000 after acquiring an additional 386,367 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

About Hercules Capital

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.