Hercules Capital (NYSE:HTGC) Price Target Raised to $19.00

Hercules Capital (NYSE:HTGC) had its target price raised by equities researchers at Keefe, Bruyette & Woods from $18.00 to $19.00 in a report issued on Friday, Benzinga reports. The brokerage presently has a “market perform” rating on the financial services provider’s stock. Keefe, Bruyette & Woods’ target price would indicate a potential downside of 2.21% from the company’s previous close.

HTGC has been the subject of several other research reports. JMP Securities upped their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 26th. Piper Sandler upped their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. Wells Fargo & Company lifted their target price on Hercules Capital from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Finally, Compass Point lowered shares of Hercules Capital from a “buy” rating to a “neutral” rating and increased their target price for the stock from $17.00 to $17.50 in a report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $18.56.

Hercules Capital Trading Up 0.7 %

Hercules Capital stock opened at $19.43 on Friday. Hercules Capital has a one year low of $12.40 and a one year high of $19.70. The business’s fifty day moving average is $18.41 and its 200 day moving average is $17.16. The stock has a market capitalization of $3.15 billion, a PE ratio of 8.83 and a beta of 1.32. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.75 and a quick ratio of 2.75.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $121.55 million for the quarter, compared to the consensus estimate of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.91%. The business’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 EPS. On average, sell-side analysts predict that Hercules Capital will post 2.05 EPS for the current year.

Hedge Funds Weigh In On Hercules Capital

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Sound Income Strategies LLC boosted its position in shares of Hercules Capital by 2.9% during the first quarter. Sound Income Strategies LLC now owns 2,654,119 shares of the financial services provider’s stock worth $48,968,000 after acquiring an additional 73,747 shares during the last quarter. Van ECK Associates Corp raised its stake in Hercules Capital by 4.6% during the first quarter. Van ECK Associates Corp now owns 2,525,848 shares of the financial services provider’s stock valued at $46,602,000 after purchasing an additional 111,101 shares in the last quarter. International Assets Investment Management LLC raised its stake in Hercules Capital by 1,567.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock valued at $22,433,000 after purchasing an additional 1,265,008 shares in the last quarter. Advisors Capital Management LLC raised its stake in Hercules Capital by 2.4% during the third quarter. Advisors Capital Management LLC now owns 1,006,309 shares of the financial services provider’s stock valued at $16,524,000 after purchasing an additional 23,157 shares in the last quarter. Finally, Melia Wealth LLC raised its stake in Hercules Capital by 5.5% during the first quarter. Melia Wealth LLC now owns 691,540 shares of the financial services provider’s stock valued at $12,759,000 after purchasing an additional 36,325 shares in the last quarter. Institutional investors own 19.69% 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.