Hercules Capital Inc (NYSE:HTGC) – Investment analysts at Wedbush issued their FY2019 earnings per share (EPS) estimates for shares of Hercules Capital in a report issued on Wednesday. Wedbush analyst H. Coffey expects that the financial services provider will post earnings of $1.28 per share for the year. Wedbush currently has a “Neutral” rating and a $13.25 target price on the stock.
HTGC has been the topic of a number of other research reports. BidaskClub cut shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Thursday, October 5th. ValuEngine raised shares of Hercules Capital from a “hold” rating to a “buy” rating in a research report on Friday, December 1st. Ladenburg Thalmann Financial Services started coverage on shares of Hercules Capital in a research report on Monday, November 20th. They set a “buy” rating and a $14.50 price objective on the stock. Raymond James Financial raised shares of Hercules Capital from an “underperform” rating to a “market perform” rating in a research report on Friday, November 3rd. Finally, FBR & Co started coverage on shares of Hercules Capital in a research report on Monday, October 2nd. They set a “buy” rating and a $14.00 price objective on the stock. Six analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $14.30.
Hercules Capital (HTGC) opened at $13.00 on Friday. The stock has a market cap of $1,094.12, a PE ratio of 9.92, a PEG ratio of 2.03 and a beta of 0.87. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.87. Hercules Capital has a 1 year low of $11.64 and a 1 year high of $15.68.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. The company had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $46.22 million. Hercules Capital had a net margin of 39.73% and a return on equity of 12.93%. The business’s revenue was up 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.32 EPS.
A number of large investors have recently bought and sold shares of HTGC. JPMorgan Chase & Co. increased its stake in Hercules Capital by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock valued at $116,000 after buying an additional 3,891 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Hercules Capital by 29.8% in 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 last quarter. First National Bank of Mount Dora Trust Investment Services purchased a new stake in Hercules Capital in the 4th quarter valued at about $131,000. Cetera Investment Advisers purchased a new stake in Hercules Capital in the 2nd quarter valued at about $138,000. Finally, Financial Counselors Inc. purchased a new stake in Hercules Capital in the 2nd quarter valued at about $154,000. Hedge funds and other institutional investors own 38.79% of the company’s stock.
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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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