BidaskClub downgraded shares of Hercules Capital, Inc. (NYSE:HTGC) from a buy rating to a hold rating in a report issued on Thursday.

Other equities analysts also recently issued research reports about the stock. Jefferies Group LLC reissued a buy rating and set a $16.00 target price on shares of Hercules Capital in a research note on Wednesday, August 16th. Royal Bank Of Canada reissued a buy rating and set a $16.00 target price on shares of Hercules Capital in a research note on Sunday, August 6th. ValuEngine raised shares of Hercules Capital from a hold rating to a buy rating in a research note on Monday, October 2nd. FBR & Co started coverage on shares of Hercules Capital in a research note on Monday, October 2nd. They set a buy rating and a $14.00 target price for the company. Finally, Compass Point raised shares of Hercules Capital from a neutral rating to a buy rating and set a $13.00 target price for the company in a research note on Friday, September 8th. Two research analysts have rated the stock with a sell rating, three have given a hold rating and seven have given a buy rating to the company. Hercules Capital presently has a consensus rating of Hold and a consensus price target of $14.50.

Hercules Capital (NYSE:HTGC) opened at 12.69 on Thursday. The firm has a market cap of $1.05 billion, a price-to-earnings ratio of 14.05 and a beta of 0.85. Hercules Capital has a one year low of $11.64 and a one year high of $15.68. The stock has a 50 day moving average of $12.46 and a 200 day moving average of $13.44.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The business had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. During the same quarter last year, the firm earned $0.32 earnings per share. Hercules Capital’s quarterly revenue was up 11.3% on a year-over-year basis. Equities research analysts predict that Hercules Capital will post $1.17 EPS for the current fiscal year.

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A number of institutional investors and hedge funds have recently bought and sold shares of HTGC. Principal Financial Group Inc. increased its stake in Hercules Capital by 108.0% in the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock valued at $39,158,000 after purchasing an additional 1,535,592 shares in the last quarter. Ares Management LLC increased its stake in Hercules Capital by 654.8% in the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock valued at $10,117,000 after purchasing an additional 662,950 shares in the last quarter. UBS Group AG increased its stake in Hercules Capital by 26.7% in the first quarter. UBS Group AG now owns 2,303,026 shares of the financial services provider’s stock valued at $34,845,000 after purchasing an additional 485,745 shares in the last quarter. Muzinich & Co. Inc. increased its stake in Hercules Capital by 9.1% in the second quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock valued at $52,394,000 after purchasing an additional 330,564 shares in the last quarter. Finally, Advisors Asset Management Inc. bought a new stake in Hercules Capital in the second quarter valued at $3,832,000. 42.55% of the stock is 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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