Hercules Capital (NYSE:HTGC) Stock Price Expected to Rise, UBS Group Analyst Says

Hercules Capital (NYSE:HTGC) had its price objective raised by investment analysts at UBS Group from $18.50 to $19.00 in a research report issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. UBS Group’s target price points to a potential downside of 2.19% from the stock’s current price.

Several other research firms also recently weighed in on HTGC. Keefe, Bruyette & Woods cut their target price on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a research report on Tuesday, April 8th. Wells Fargo & Company cut their price objective on Hercules Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler lowered their target price on Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $20.08.

Hercules Capital Price Performance

Shares of NYSE:HTGC opened at $19.43 on Wednesday. Hercules Capital has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a debt-to-equity ratio of 0.99, a current ratio of 2.38 and a quick ratio of 2.38. The business has a fifty day moving average price of $18.06 and a 200-day moving average price of $18.91. The company has a market capitalization of $3.41 billion, a PE ratio of 14.61 and a beta of 0.93.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.46 by ($0.01). Hercules Capital had a return on equity of 16.84% and a net margin of 45.23%. The firm had revenue of $102.10 million during the quarter, compared to analysts’ expectations of $125.43 million. During the same period in the previous year, the business posted $0.50 earnings per share. The company’s revenue for the quarter was down 1.6% on a year-over-year basis. As a group, equities analysts expect that Hercules Capital will post 1.96 EPS for the current fiscal year.

Insider Buying and Selling

In other Hercules Capital news, Director Nikos Theodosopoulos purchased 5,999 shares of the stock in a transaction dated Thursday, May 8th. The stock was acquired at an average cost of $17.49 per share, for a total transaction of $104,922.51. Following the acquisition, the director owned 11,960 shares in the company, valued at $209,180.40. This trade represents a 100.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Investors Weigh In On Hercules Capital

A number of institutional investors have recently modified their holdings of the company. Bank of New York Mellon Corp lifted its holdings in Hercules Capital by 67.5% during the 4th quarter. Bank of New York Mellon Corp now owns 82,380 shares of the financial services provider’s stock worth $1,655,000 after buying an additional 33,191 shares during the last quarter. HighTower Advisors LLC lifted its holdings in shares of Hercules Capital by 23.8% in the 4th quarter. HighTower Advisors LLC now owns 77,276 shares of the financial services provider’s stock valued at $1,552,000 after purchasing an additional 14,841 shares during the last quarter. Commonwealth Equity Services LLC lifted its holdings in shares of Hercules Capital by 1.5% in the 4th quarter. Commonwealth Equity Services LLC now owns 327,372 shares of the financial services provider’s stock valued at $6,577,000 after purchasing an additional 4,896 shares during the last quarter. Signaturefd LLC lifted its holdings in shares of Hercules Capital by 86.6% in the 4th quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider’s stock valued at $133,000 after purchasing an additional 3,079 shares during the last quarter. Finally, Axxcess Wealth Management LLC raised its stake in Hercules Capital by 12.3% during the 4th quarter. Axxcess Wealth Management LLC now owns 17,177 shares of the financial services provider’s stock valued at $345,000 after acquiring an additional 1,875 shares during the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

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.