Hercules Capital, Inc. (NYSE:HTGC) was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating in a report issued on Monday.

A number of other research analysts have also commented on the company. Compass Point raised Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a report on Friday, September 8th. ValuEngine lowered Hercules Capital from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Jefferies Group LLC reissued a “buy” rating and set a $16.00 price target on shares of Hercules Capital in a report on Wednesday, August 16th. Zacks Investment Research lowered Hercules Capital from a “hold” rating to a “sell” rating in a report on Monday, August 7th. Finally, JMP Securities reissued a “mkt outperform” rating and set a $14.50 price target on shares of Hercules Capital in a report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, four have given a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $14.94.

Shares of Hercules Capital (NYSE HTGC) opened at 12.40 on Monday. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.73 and a beta of 0.83. The firm’s 50 day moving average is $12.63 and its 200 day moving average is $13.67. Hercules Capital has a 12 month low of $11.64 and a 12 month high of $15.68.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $0.32 earnings per share. On average, equities analysts predict that Hercules Capital will post $1.17 earnings per share for the current fiscal year.

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A number of large investors have recently added to or reduced their stakes in the stock. HighTower Advisors LLC grew its holdings in Hercules Capital by 0.6% during the first quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock worth $183,000 after acquiring an additional 72 shares during the period. BB&T Securities LLC grew its holdings in Hercules Capital by 0.7% during the first quarter. BB&T Securities LLC now owns 14,561 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 100 shares during the period. Pinebridge Investments L.P. grew its holdings in Hercules Capital by 0.6% during the second quarter. Pinebridge Investments L.P. now owns 24,946 shares of the financial services provider’s stock worth $330,000 after acquiring an additional 147 shares during the period. First Allied Advisory Services Inc. grew its holdings in Hercules Capital by 1.1% during the second quarter. First Allied Advisory Services Inc. now owns 14,251 shares of the financial services provider’s stock worth $189,000 after acquiring an additional 162 shares during the period. Finally, Ameriprise Financial Inc. grew its holdings in Hercules Capital by 2.2% during the first quarter. Ameriprise Financial Inc. now owns 15,291 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 331 shares during the period. 42.55% of the stock is currently owned by hedge funds and other 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.

Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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