Hercules Capital (NYSE:HTGC) PT Raised to $20.00

Hercules Capital (NYSE:HTGC) had its price objective boosted by analysts at JMP Securities from $19.00 to $20.00 in a report released on Friday, Benzinga reports. The brokerage presently has a “market outperform” rating on the financial services provider’s stock. JMP Securities’ price objective would indicate a potential upside of 2.93% from the company’s current price.

A number of other brokerages also recently issued reports on HTGC. Keefe, Bruyette & Woods increased their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday. Wells Fargo & Company boosted their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Piper Sandler lifted their price target on shares of Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a report on Friday. Finally, Compass Point downgraded Hercules Capital from a “buy” rating to a “neutral” rating and upped their target price for the stock from $17.00 to $17.50 in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $18.56.

Hercules Capital Stock Up 0.7 %

HTGC stock traded up $0.13 during trading on Friday, reaching $19.43. 1,369,516 shares of the stock were exchanged, compared to its average volume of 897,065. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. Hercules Capital has a twelve month low of $12.40 and a twelve month high of $19.70. The firm’s 50 day moving average is $18.40 and its 200 day moving average is $17.14. The firm has a market cap of $3.15 billion, a P/E ratio of 8.41 and a beta of 1.32.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $121.55 million during the quarter, compared to analyst estimates of $121.86 million. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The business’s revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.47 EPS. As a group, research analysts forecast that Hercules Capital will post 2.05 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Cambridge Investment Research Advisors Inc. lifted its position in Hercules Capital by 4.7% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 107,094 shares of the financial services provider’s stock valued at $1,758,000 after purchasing an additional 4,805 shares in the last quarter. Raymond James Financial Services Advisors Inc. increased its holdings in Hercules Capital by 17.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,808 shares of the financial services provider’s stock worth $769,000 after acquiring an additional 6,901 shares in the last quarter. Stratos Wealth Partners LTD. bought a new stake in Hercules Capital during the 3rd quarter worth approximately $203,000. Taylor Frigon Capital Management LLC lifted its holdings in Hercules Capital by 1.3% during the third quarter. Taylor Frigon Capital Management LLC now owns 112,930 shares of the financial services provider’s stock valued at $1,854,000 after purchasing an additional 1,452 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. boosted its position in shares of Hercules Capital by 2.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,722 shares of the financial services provider’s stock worth $472,000 after purchasing an additional 816 shares during the period. Hedge funds and other institutional investors own 19.69% of the company’s stock.

About Hercules Capital

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.