Wedbush Equities Analysts Cut Earnings Estimates for Hercules Capital Inc (HTGC)

Hercules Capital Inc (NYSE:HTGC) – Wedbush cut their Q4 2017 earnings per share estimates for Hercules Capital in a report issued on Wednesday. Wedbush analyst H. Coffey now forecasts that the financial services provider will post earnings of $0.30 per share for the quarter, down from their prior forecast of $0.31. Wedbush currently has a “Outperform” rating and a $13.75 price target on the stock. Wedbush also issued estimates for Hercules Capital’s Q1 2018 earnings at $0.29 EPS.

Other equities analysts have also recently issued research reports about the stock. Zacks Investment Research raised shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 price target for the company in a research note on Thursday, January 11th. Sandler O’Neill reissued a “hold” rating and issued a $14.00 price target on shares of Hercules Capital in a research note on Wednesday, January 10th. B. Riley reissued a “buy” rating on shares of Hercules Capital in a research note on Friday, November 3rd. ValuEngine cut shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Finally, Keefe, Bruyette & Woods reaffirmed a “buy” rating and issued a $15.00 price objective on shares of Hercules Capital in a research note on Tuesday, October 24th. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. The company presently has an average rating of “Buy” and an average target price of $14.43.

Hercules Capital (HTGC) opened at $12.34 on Friday. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.87. Hercules Capital has a 12 month low of $11.64 and a 12 month high of $15.68. The company has a market cap of $1,020.00, a P/E ratio of 13.56, a price-to-earnings-growth ratio of 1.96 and a beta of 0.74.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. HighTower Advisors LLC boosted its position in Hercules Capital by 0.7% during the 2nd quarter. HighTower Advisors LLC now owns 12,174 shares of the financial services provider’s stock valued at $162,000 after buying an additional 81 shares during the period. First Allied Advisory Services Inc. boosted its position in Hercules Capital by 1.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 14,251 shares of the financial services provider’s stock valued at $189,000 after buying an additional 162 shares during the period. Suntrust Banks Inc. boosted its position in Hercules Capital by 6.6% during the 2nd quarter. Suntrust Banks Inc. now owns 19,191 shares of the financial services provider’s stock valued at $253,000 after buying an additional 1,183 shares during the period. The Manufacturers Life Insurance Company boosted its position in Hercules Capital by 29.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock valued at $117,000 after buying an additional 2,034 shares during the period. Finally, Polaris Capital Management LLC boosted its position in Hercules Capital by 2.3% during the 2nd quarter. Polaris Capital Management LLC now owns 133,995 shares of the financial services provider’s stock valued at $1,774,000 after buying an additional 3,049 shares during the period. 39.11% of the stock is owned by institutional investors and hedge funds.

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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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