ValuEngine cut shares of Hercules Capital (NYSE:HTGC) from a hold rating to a sell rating in a report published on Thursday.
Other analysts also recently issued research reports about the company. JMP Securities upped their price target on Hercules Capital from $14.00 to $14.50 and gave the stock a market outperform rating in a research note on Thursday, August 16th. Wedbush increased their target price on Hercules Capital from $13.75 to $15.00 and gave the company an outperform rating in a research note on Monday, August 6th. Zacks Investment Research downgraded Hercules Capital from a buy rating to a sell rating in a research note on Monday, October 8th. Finally, Compass Point set a $14.00 target price on Hercules Capital and gave the company a buy rating in a research note on Friday, August 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and six have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $14.57.
Shares of Hercules Capital stock traded down $0.09 during midday trading on Thursday, hitting $12.46. The company had a trading volume of 961,127 shares, compared to its average volume of 430,268. The company has a quick ratio of 3.57, a current ratio of 3.57 and a debt-to-equity ratio of 0.77. The company has a market capitalization of $1.20 billion, a P/E ratio of 10.74, a PEG ratio of 10.08 and a beta of 0.87. Hercules Capital has a 52-week low of $11.55 and a 52-week high of $13.97.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $52.60 million for the quarter, compared to the consensus estimate of $54.37 million. Hercules Capital had a return on equity of 11.55% and a net margin of 56.32%. The firm’s quarterly revenue was up 14.7% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.29 EPS. As a group, equities analysts expect that Hercules Capital will post 1.23 EPS for the current year.
Institutional investors and hedge funds have recently modified their holdings of the business. Quantitative Systematic Strategies LLC bought a new position in shares of Hercules Capital during the 2nd quarter valued at $169,000. Telemus Capital LLC bought a new position in shares of Hercules Capital during the 2nd quarter valued at $190,000. Engineers Gate Manager LP bought a new position in shares of Hercules Capital during the 2nd quarter valued at $201,000. Rational Advisors LLC bought a new position in shares of Hercules Capital during the 2nd quarter valued at $211,000. Finally, Private Advisor Group LLC bought a new position in shares of Hercules Capital during the 3rd quarter valued at $245,000. Institutional investors and hedge funds own 37.53% of the company’s stock.
Hercules Capital Company Profile
Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company 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.
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To view ValuEngine’s full report, visit ValuEngine’s official website.
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