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.
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.
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