Hercules Capital (NYSE:HTGC) Earns Market Outperform Rating from JMP Securities

Hercules Capital (NYSE:HTGC)‘s stock had its “market outperform” rating restated by equities researchers at JMP Securities in a research note issued to investors on Monday,Benzinga reports. They presently have a $22.00 price objective on the financial services provider’s stock. JMP Securities’ target price indicates a potential upside of 9.73% from the stock’s current price.

A number of other equities research analysts have also recently commented on the company. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and raised their price target for the company from $19.50 to $21.50 in a report on Thursday, December 12th. Wells Fargo & Company boosted their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Hercules Capital currently has a consensus rating of “Moderate Buy” and an average price target of $20.90.

Hercules Capital Trading Down 0.9 %

Shares of NYSE:HTGC opened at $20.05 on Monday. The stock has a 50 day moving average of $19.38 and a 200 day moving average of $19.65. The company has a market cap of $3.26 billion, a PE ratio of 9.93 and a beta of 1.35. Hercules Capital has a 12-month low of $16.72 and a 12-month high of $21.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same period in the prior year, the business posted $0.52 earnings per share. As a group, equities research analysts expect that Hercules Capital will post 2.01 EPS for the current year.

Hedge Funds Weigh In On Hercules Capital

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the company. HHM Wealth Advisors LLC purchased a new stake in shares of Hercules Capital during the 2nd quarter worth approximately $31,000. Kathleen S. Wright Associates Inc. purchased a new stake in Hercules Capital during the third quarter valued at $31,000. Farther Finance Advisors LLC lifted its position in Hercules Capital by 59,650.0% during the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,386 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in shares of Hercules Capital by 45.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,279 shares during the last quarter. Finally, Armstrong Advisory Group Inc. raised its position in shares of Hercules Capital by 198.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after buying an additional 3,580 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

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.