Hercules Capital (NYSE:HTGC) has been given a $15.00 target price by analysts at B. Riley in a report released on Friday. The brokerage presently has a “buy” rating on the financial services provider’s stock. B. Riley’s price target would indicate a potential upside of 20.87% from the stock’s previous close.
A number of other equities analysts have also recently issued reports on HTGC. Zacks Investment Research upgraded Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 target price for the company in a report on Thursday, January 11th. ValuEngine cut Hercules Capital from a “buy” rating to a “hold” rating in a report on Friday, February 2nd. Sandler O’Neill upgraded Hercules Capital from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Wedbush upgraded Hercules Capital from a “neutral” rating to an “outperform” rating and set a $13.75 target price for the company in a report on Wednesday, February 7th. Finally, Ladenburg Thalmann Financial Services assumed coverage on Hercules Capital in a report on Monday, November 20th. They set a “buy” rating and a $14.50 target price for the company. Six investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Hercules Capital currently has an average rating of “Buy” and an average price target of $14.48.
Hercules Capital (NYSE:HTGC) opened at $12.41 on Friday. The stock has a market capitalization of $1,046.14, a PE ratio of 13.64, a price-to-earnings-growth ratio of 1.94 and a beta of 0.74. 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 1-year low of $11.64 and a 1-year high of $15.68.
Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 22nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. The firm had revenue of $50.20 million during the quarter, compared to analysts’ expectations of $48.29 million. Hercules Capital had a return on equity of 12.93% and a net margin of 39.73%. The company’s revenue was up 5.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.35 EPS. equities analysts forecast that Hercules Capital will post 1.16 earnings per share for the current year.
Institutional investors have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its stake in shares of 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 worth $117,000 after buying an additional 2,034 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Hercules Capital by 74.6% during the 3rd 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 during the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Hercules Capital during the 4th quarter worth about $131,000. HighTower Advisors LLC boosted its stake in shares of Hercules Capital by 0.7% during the 2nd 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 during the last quarter. Finally, Greenwich Investment Management Inc. acquired a new position in shares of Hercules Capital during the 4th quarter worth about $163,000. Institutional investors own 37.65% of the company’s stock.
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Hercules Capital Company Profile
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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