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.
TRADEMARK VIOLATION WARNING: This story was first posted by Sports Perspectives and is the sole property of of Sports Perspectives. If you are reading this story on another site, it was stolen and reposted in violation of United States and international trademark & copyright law. The original version of this story can be viewed at https://sportsperspectives.com/2017/07/25/hercules-capital-inc-htgc-downgraded-by-bidaskclub-to-buy.html.
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.
Receive News & Ratings for Hercules Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.