Hercules Capital (NYSE:HTGC) Price Target Cut to $19.00 by Analysts at Wells Fargo & Company

Hercules Capital (NYSE:HTGC) had its price target cut by stock analysts at Wells Fargo & Company from $21.00 to $19.00 in a report issued on Monday,Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s target price would suggest a potential upside of 5.73% from the company’s current price.

Several other equities analysts have also recently weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. UBS Group decreased their target price on shares of Hercules Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. JMP Securities reiterated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a report on Friday, February 14th. Piper Sandler cut their price target on Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Compass Point raised their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.92.

Hercules Capital Trading Up 0.3 %

Shares of NYSE:HTGC traded up $0.06 during mid-day trading on Monday, hitting $17.97. The stock had a trading volume of 51,199 shares, compared to its average volume of 1,057,015. The company’s 50 day moving average is $18.72 and its 200-day moving average is $19.50. Hercules Capital has a 12-month low of $15.65 and a 12-month high of $22.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The company has a market cap of $3.15 billion, a PE ratio of 11.16 and a beta of 1.13.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The company had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. On average, sell-side analysts predict that Hercules Capital will post 1.96 EPS for the current year.

Hedge Funds Weigh In On Hercules Capital

Several large investors have recently bought and sold shares of HTGC. Van ECK Associates Corp lifted its stake in shares of Hercules Capital by 10.4% in the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock valued at $69,078,000 after buying an additional 323,028 shares during the period. Sound Income Strategies LLC lifted its position in shares of Hercules Capital by 2.1% in the 1st quarter. Sound Income Strategies LLC now owns 2,874,455 shares of the financial services provider’s stock worth $55,218,000 after acquiring an additional 59,241 shares during the period. Two Sigma Advisers LP grew its holdings in shares of Hercules Capital by 205.7% during the 4th quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider’s stock worth $28,265,000 after purchasing an additional 946,700 shares in the last quarter. Advisors Capital Management LLC increased its position in shares of Hercules Capital by 6.6% during the fourth quarter. Advisors Capital Management LLC now owns 1,018,210 shares of the financial services provider’s stock valued at $20,456,000 after purchasing an additional 62,610 shares during the period. Finally, Two Sigma Investments LP raised its stake in shares of Hercules Capital by 106.7% in the fourth quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider’s stock valued at $19,002,000 after purchasing an additional 488,172 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

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.