Hercules Capital Inc (NYSE:HTGC) Receives Average Recommendation of “Hold” from Brokerages

Shares of Hercules Capital Inc (NYSE:HTGC) have received a consensus recommendation of “Hold” from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $13.19.

A number of research analysts have recently issued reports on the stock. Wells Fargo & Co downgraded shares of Hercules Capital from an “outperform” rating to a “market perform” rating and raised their price target for the stock from $12.75 to $13.25 in a research report on Monday, May 6th. They noted that the move was a valuation call. Zacks Investment Research downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Monday, May 6th. B. Riley downgraded shares of Hercules Capital from a “buy” rating to a “neutral” rating in a research report on Friday, May 17th. Keefe, Bruyette & Woods downgraded shares of Hercules Capital from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $14.00 to $11.50 in a research report on Wednesday, March 13th. Finally, Wedbush reduced their price target on shares of Hercules Capital from $15.00 to $13.50 and set a “hold” rating on the stock in a research report on Wednesday, March 13th.

Hercules Capital stock opened at $12.82 on Friday. The business has a 50-day simple moving average of $13.02. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.66 and a current ratio of 1.66. Hercules Capital has a 1 year low of $10.57 and a 1 year high of $14.17. The company has a market cap of $1.33 billion, a P/E ratio of 10.77 and a beta of 0.92.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.30 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). Hercules Capital had a return on equity of 11.71% and a net margin of 60.65%. The business had revenue of $58.80 million during the quarter, compared to the consensus estimate of $59.36 million. During the same quarter in the previous year, the business posted $0.34 earnings per share. The company’s quarterly revenue was up 20.7% compared to the same quarter last year. As a group, equities analysts expect that Hercules Capital will post 1.32 EPS for the current year.

Large investors have recently modified their holdings of the stock. Trustcore Financial Services LLC bought a new stake in Hercules Capital in the 1st quarter valued at about $25,000. Osborn Williams & Donohoe LLC bought a new stake in Hercules Capital in the 1st quarter valued at about $30,000. Cordasco Financial Network bought a new stake in Hercules Capital in the 1st quarter valued at about $31,000. Covington Capital Management bought a new stake in Hercules Capital in the 4th quarter valued at about $39,000. Finally, Advisory Alpha LLC bought a new stake in Hercules Capital in the 1st quarter valued at about $49,000. Hedge funds and other institutional investors own 33.55% of the company’s stock.

Hercules Capital Company Profile

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.

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Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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