Shares of Hercules Capital Inc (NYSE:HTGC) have been assigned an average rating of “Buy” from the sixteen analysts that are currently covering the company, MarketBeat Ratings reports. Six equities research analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $14.59.
HTGC has been the topic of a number of research reports. Ladenburg Thalmann Financial Services initiated coverage on Hercules Capital in a report on Monday, November 20th. They set a “buy” rating and a $14.50 price target on the stock. Wedbush initiated coverage on Hercules Capital in a report on Tuesday, October 24th. They set a “neutral” rating and a $13.25 price target on the stock. ValuEngine lowered Hercules Capital from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Sandler O’Neill raised Hercules Capital from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Finally, Keefe, Bruyette & Woods reissued a “buy” rating and set a $15.00 price target on shares of Hercules Capital in a report on Tuesday, October 24th.
A number of institutional investors and hedge funds have recently made changes to their positions in HTGC. Polaris Capital Management LLC boosted its holdings in Hercules Capital by 390.6% in the 4th quarter. Polaris Capital Management LLC now owns 673,200 shares of the financial services provider’s stock valued at $9,667,000 after purchasing an additional 535,990 shares in the last quarter. Northpointe Capital LLC boosted its holdings in Hercules Capital by 46.0% in the 4th quarter. Northpointe Capital LLC now owns 1,206,043 shares of the financial services provider’s stock valued at $15,823,000 after purchasing an additional 380,058 shares in the last quarter. Atlantic Trust Group LLC boosted its holdings in Hercules Capital by 450.9% in the 3rd quarter. Atlantic Trust Group LLC now owns 172,589 shares of the financial services provider’s stock valued at $2,227,000 after purchasing an additional 141,259 shares in the last quarter. Wells Fargo & Company MN boosted its holdings in Hercules Capital by 9.0% in the 4th quarter. Wells Fargo & Company MN now owns 1,505,802 shares of the financial services provider’s stock valued at $19,757,000 after purchasing an additional 124,230 shares in the last quarter. Finally, Shell Asset Management Co. purchased a new stake in Hercules Capital in the 3rd quarter valued at approximately $1,344,000. 38.97% of the stock is currently owned by institutional investors.
Hercules Capital (HTGC) traded up $0.05 during midday trading on Tuesday, hitting $12.46. The company had a trading volume of 237,261 shares, compared to its average volume of 390,179. The company has a debt-to-equity ratio of 0.87, a quick ratio of 8.34 and a current ratio of 8.34. Hercules Capital has a 52-week low of $11.64 and a 52-week high of $15.68. The stock has a market capitalization of $1,038.57, a price-to-earnings ratio of 13.68, a P/E/G ratio of 1.92 and a beta of 0.74.
ILLEGAL ACTIVITY NOTICE: This piece of content was reported by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another site, it was copied illegally and reposted in violation of United States and international copyright law. The correct version of this piece of content can be read at https://www.dispatchtribunal.com/2018/02/13/hercules-capital-inc-htgc-given-average-recommendation-of-buy-by-analysts.html.
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.
Receive News & Ratings for Hercules Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital and related companies with MarketBeat.com's FREE daily email newsletter.