Keefe, Bruyette & Woods Downgrades Hercules Capital (NYSE:HTGC) to Market Perform

Hercules Capital (NYSE:HTGC – Get Rating) was downgraded by equities research analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a research note issued on Friday, The Fly reports.

Other equities research analysts have also recently issued reports about the company. Compass Point cut Hercules Capital from a “buy” rating to a “neutral” rating and set a $18.00 price target on the stock. in a research report on Tuesday, February 8th. Piper Sandler cut Hercules Capital from an “overweight” rating to a “neutral” rating and set a $19.00 price target on the stock. in a research report on Monday, April 4th. Finally, StockNews.com began coverage on Hercules Capital in a research report on Thursday, March 31st. They set a “hold” rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, Hercules Capital presently has a consensus rating of “Hold” and a consensus price target of $18.46.

Shares of Hercules Capital stock opened at $18.78 on Friday. Hercules Capital has a 52-week low of $15.91 and a 52-week high of $19.09. The stock’s 50-day simple moving average is $17.92 and its 200 day simple moving average is $17.38. The stock has a market capitalization of $2.25 billion, a P/E ratio of 13.13, a P/E/G ratio of 0.55 and a beta of 1.40. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.22 and a current ratio of 3.22.

Hercules Capital (NYSE:HTGC – Get Rating) last announced its quarterly earnings data on Tuesday, February 22nd. The financial services provider reported $0.35 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.02. Hercules Capital had a return on equity of 11.28% and a net margin of 61.98%. The business had revenue of $72.50 million for the quarter, compared to analysts’ expectations of $70.86 million. During the same period in the previous year, the business posted $0.37 EPS. The firm’s quarterly revenue was down 3.7% compared to the same quarter last year. Equities research analysts forecast that Hercules Capital will post 1.35 EPS for the current fiscal year.

Large investors have recently modified their holdings of the stock. UMB Bank N A MO purchased a new position in Hercules Capital in the 4th quarter worth $29,000. Cullen Frost Bankers Inc. purchased a new position in Hercules Capital in the 3rd quarter worth $33,000. Bessemer Group Inc. purchased a new position in shares of Hercules Capital in the fourth quarter valued at about $33,000. CWM LLC purchased a new position in shares of Hercules Capital in the fourth quarter valued at about $48,000. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Hercules Capital by 122.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,335 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 1,835 shares during the period. Institutional investors own 26.74% of the company’s stock.

Hercules Capital Company Profile (Get Rating)

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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