Hercules Capital, Inc. (HTGC) Downgraded by BidaskClub to “Buy”

Hercules Capital, Inc. (NYSE:HTGC) was downgraded by stock analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Monday.

HTGC has been the subject of a number of other reports. ValuEngine lowered shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a report on Friday, June 2nd. Zacks Investment Research lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a report on Friday, May 5th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 price objective on shares of Hercules Capital in a report on Friday, May 12th. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $17.00 price objective on shares of Hercules Capital in a report on Thursday, April 20th. Finally, Wunderlich reaffirmed a “hold” rating on shares of Hercules Capital in a research report on Tuesday, May 16th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $14.83.

Hercules Capital (NYSE:HTGC) remained flat at $13.29 during trading on Monday. 244,754 shares of the company traded hands. The firm has a 50-day moving average price of $13.26 and a 200-day moving average price of $14.17. The company has a market cap of $1.10 billion, a P/E ratio of 21.50 and a beta of 0.82. Hercules Capital has a 12-month low of $12.29 and a 12-month high of $15.68.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, May 4th. The financial services provider reported $0.28 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Hercules Capital had a net margin of 26.75% and a return on equity of 13.10%. The business had revenue of $46.37 million for the quarter, compared to analysts’ expectations of $48.33 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. Equities analysts expect that Hercules Capital will post $1.25 earnings per share for the current year.

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A number of hedge funds and other institutional investors have recently modified their holdings of the company. Global X Management Co. LLC increased its position in shares of Hercules Capital by 50.0% in the first quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock valued at $139,000 after buying an additional 3,067 shares in the last quarter. United Capital Financial Advisers LLC purchased a new position in shares of Hercules Capital during the first quarter valued at $157,000. HighTower Advisors LLC increased its position in shares of Hercules Capital by 0.6% in the first quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock valued at $183,000 after buying an additional 72 shares in the last quarter. Envestnet Asset Management Inc. increased its position in shares of Hercules Capital by 234.7% in the first quarter. Envestnet Asset Management Inc. now owns 12,400 shares of the financial services provider’s stock valued at $188,000 after buying an additional 8,695 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in shares of Hercules Capital during the first quarter valued at $200,000. 44.14% of the stock is owned by 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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