Hercules Capital Inc (HTGC) Forecasted to Earn Q2 2018 Earnings of $0.29 Per Share

Hercules Capital Inc (NYSE:HTGC) – Analysts at Wedbush decreased their Q2 2018 earnings estimates for shares of Hercules Capital in a report issued on Wednesday. Wedbush analyst H. Coffey now expects that the financial services provider will post earnings per share of $0.29 for the quarter, down from their previous estimate of $0.31. Wedbush currently has a “Outperform” rating and a $13.75 target price on the stock. Wedbush also issued estimates for Hercules Capital’s Q3 2018 earnings at $0.35 EPS.

A number of other research analysts have also commented on HTGC. B. Riley restated a “buy” rating on shares of Hercules Capital in a research note on Friday, November 3rd. ValuEngine lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Sandler O’Neill upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating in a research note on Tuesday. Zacks Investment Research upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a research note on Thursday, January 11th. Finally, Keefe, Bruyette & Woods reiterated a “buy” rating and set a $15.00 price target on shares of Hercules Capital in a research note on Tuesday, October 24th. Six research analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. Hercules Capital currently has an average rating of “Buy” and an average target price of $14.43.

Hercules Capital (NYSE HTGC) traded down $0.04 during midday trading on Thursday, reaching $12.73. 57,300 shares of the company’s stock were exchanged, compared to its average volume of 387,679. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.87. The firm has a market capitalization of $1,070.00, a price-to-earnings ratio of 13.96, a PEG ratio of 1.96 and a beta of 0.74. Hercules Capital has a one year low of $11.64 and a one year high of $15.68.

A number of hedge funds have recently added to or reduced their stakes in HTGC. JPMorgan Chase & Co. boosted its holdings in Hercules Capital by 74.6% during the third quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock worth $116,000 after buying an additional 3,891 shares in the last quarter. The Manufacturers Life Insurance Company boosted its holdings in Hercules Capital by 29.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,034 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services purchased a new stake in Hercules Capital during the fourth quarter worth about $131,000. Cetera Investment Advisers purchased a new stake in Hercules Capital during the second quarter worth about $138,000. Finally, HighTower Advisors LLC boosted its holdings in Hercules Capital by 0.7% during the second quarter. HighTower Advisors LLC now owns 12,174 shares of the financial services provider’s stock worth $162,000 after buying an additional 81 shares in the last quarter. 39.11% of the stock is currently owned by hedge funds and other institutional investors.

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About Hercules Capital

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.

Earnings History and Estimates for Hercules Capital (NYSE:HTGC)

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