Hercules Capital (NYSE:HTGC) was upgraded by equities researchers at ValuEngine from a “hold” rating to a “buy” rating in a report issued on Friday.

Other equities research analysts also recently issued reports about the stock. B. Riley reiterated a “buy” rating on shares of Hercules Capital in a research note on Friday, November 3rd. Keefe, Bruyette & Woods restated a “buy” rating and issued a $15.00 target price on shares of Hercules Capital in a research note on Tuesday, October 24th. Zacks Investment Research downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. JMP Securities restated a “mkt outperform” rating and issued a $14.50 target price on shares of Hercules Capital in a research note on Monday, August 7th. Finally, BidaskClub downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Thursday, August 31st. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and eight have given a buy rating to the company. Hercules Capital currently has an average rating of “Buy” and an average target price of $14.36.

Shares of Hercules Capital (NYSE:HTGC) opened at $13.39 on Friday. The company has a debt-to-equity ratio of 0.87, a quick ratio of 8.34 and a current ratio of 8.34. Hercules Capital has a 52 week low of $11.64 and a 52 week high of $15.68. The stock has a market cap of $1,130.00, a P/E ratio of 10.33, a price-to-earnings-growth ratio of 2.33 and a beta of 0.84.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.29. Hercules Capital had a net margin of 39.73% and a return on equity of 12.93%. The company had revenue of $45.90 million during the quarter, compared to the consensus estimate of $46.22 million. During the same period in the previous year, the firm earned $0.32 earnings per share. Hercules Capital’s revenue for the quarter was up 1.8% on a year-over-year basis. sell-side analysts predict that Hercules Capital will post 1.16 EPS for the current year.

Several hedge funds have recently made changes to their positions in the company. Shelton Capital Management acquired a new stake in Hercules Capital in the third quarter valued at $593,000. California Public Employees Retirement System raised its holdings in Hercules Capital by 38.8% in the third quarter. California Public Employees Retirement System now owns 45,800 shares of the financial services provider’s stock valued at $591,000 after acquiring an additional 12,800 shares in the last quarter. Janney Montgomery Scott LLC raised its holdings in Hercules Capital by 4.5% in the third quarter. Janney Montgomery Scott LLC now owns 128,236 shares of the financial services provider’s stock valued at $1,654,000 after acquiring an additional 5,522 shares in the last quarter. Cubist Systematic Strategies LLC acquired a new stake in Hercules Capital in the third quarter valued at $302,000. Finally, Pinebridge Investments L.P. raised its holdings in Hercules Capital by 73.3% in the third quarter. Pinebridge Investments L.P. now owns 43,230 shares of the financial services provider’s stock valued at $558,000 after acquiring an additional 18,284 shares in the last quarter. Institutional investors and hedge funds own 39.03% of the company’s stock.

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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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