Hercules Capital (NYSE:HTGC) Upgraded at Compass Point

Hercules Capital (NYSE:HTGC) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a report released on Friday, Marketbeat reports. The brokerage currently has a $12.75 price target on the financial services provider’s stock, up from their previous price target of $10.25. Compass Point’s target price would suggest a potential upside of 15.49% from the stock’s previous close.

Several other analysts have also commented on HTGC. Wells Fargo & Co raised their price target on shares of Hercules Capital from $10.75 to $11.25 and gave the company an “overweight” rating in a research report on Monday, April 27th. Wedbush dropped their price target on shares of Hercules Capital from $15.00 to $13.50 and set an “outperform” rating on the stock in a research report on Wednesday, May 13th. B. Riley restated a “buy” rating and set a $12.00 price target on shares of Hercules Capital in a research report on Thursday, June 4th. ValuEngine lowered shares of Hercules Capital from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 4th. Finally, Zacks Investment Research lowered shares of Hercules Capital from a “buy” rating to a “hold” rating and set a $10.00 price target on the stock. in a research report on Tuesday, April 14th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and eight have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $11.64.

Shares of NYSE:HTGC traded up $0.02 during midday trading on Friday, reaching $11.04. The company’s stock had a trading volume of 1,311,578 shares, compared to its average volume of 671,422. The firm has a market capitalization of $1.22 billion, a PE ratio of 12.55 and a beta of 1.48. Hercules Capital has a twelve month low of $5.42 and a twelve month high of $16.40. The stock has a fifty day moving average of $10.59 and a 200 day moving average of $11.39. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.09.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.32 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.33 by ($0.01). The business had revenue of $67.97 million during the quarter, compared to analyst estimates of $69.34 million. Hercules Capital had a return on equity of 14.05% and a net margin of 34.44%. Sell-side analysts anticipate that Hercules Capital will post 1.33 earnings per share for the current fiscal year.

Several hedge funds and other institutional investors have recently made changes to their positions in HTGC. Victory Capital Management Inc. grew its position in shares of Hercules Capital by 7.9% in the fourth quarter. Victory Capital Management Inc. now owns 18,892 shares of the financial services provider’s stock valued at $265,000 after purchasing an additional 1,388 shares during the period. Credit Suisse AG purchased a new position in shares of Hercules Capital in the fourth quarter worth about $266,000. Goldman Sachs Group Inc. lifted its stake in shares of Hercules Capital by 4.7% in the fourth quarter. Goldman Sachs Group Inc. now owns 251,191 shares of the financial services provider’s stock worth $3,521,000 after buying an additional 11,325 shares in the last quarter. Bank of America Corp DE lifted its stake in shares of Hercules Capital by 8.7% in the fourth quarter. Bank of America Corp DE now owns 30,161 shares of the financial services provider’s stock worth $422,000 after buying an additional 2,420 shares in the last quarter. Finally, Schonfeld Strategic Advisors LLC purchased a new position in shares of Hercules Capital in the fourth quarter worth about $192,000. Institutional investors and hedge funds own 33.83% of the company’s stock.

About Hercules Capital

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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