Hercules Capital (NYSE:HTGC) Research Coverage Started at StockNews.com

Analysts at StockNews.com began coverage on shares of Hercules Capital (NYSE:HTGC – Get Rating) in a report released on Thursday. The brokerage set a “hold” rating on the financial services provider’s stock.

Other research analysts have also issued reports about the stock. Royal Bank of Canada increased their price target on shares of Hercules Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research note on Friday, February 17th. Piper Sandler dropped their price target on shares of Hercules Capital from $15.00 to $14.50 in a report on Friday, December 16th. JMP Securities reaffirmed a “market outperform” rating and set a $18.00 price target on shares of Hercules Capital in a report on Monday. Finally, Keefe, Bruyette & Woods downgraded shares of Hercules Capital from a “market perform” rating to an “underperform” rating and dropped their price target for the company from $14.50 to $10.50 in a report on Monday. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Hercules Capital has an average rating of “Hold” and a consensus price target of $14.93.

Hercules Capital Stock Down 3.3 %

Shares of NYSE HTGC opened at $11.56 on Thursday. Hercules Capital has a 12 month low of $10.94 and a 12 month high of $19.09. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.12. The firm has a market capitalization of $1.58 billion, a price-to-earnings ratio of 15.21 and a beta of 1.43. The business has a 50-day moving average of $14.44 and a 200-day moving average of $13.84.

Hercules Capital (NYSE:HTGC – Get Rating) last announced its quarterly earnings data on Thursday, February 16th. The financial services provider reported $0.47 earnings per share for the quarter, beating the consensus estimate of $0.42 by $0.05. Hercules Capital had a return on equity of 13.87% and a net margin of 31.73%. The firm had revenue of $100.19 million during the quarter, compared to the consensus estimate of $91.34 million. During the same quarter in the previous year, the company posted $0.35 earnings per share. Sell-side analysts expect that Hercules Capital will post 1.85 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Hercules Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. Sunbelt Securities Inc. raised its position in shares of Hercules Capital by 3.9% during the fourth quarter. Sunbelt Securities Inc. now owns 21,057 shares of the financial services provider’s stock valued at $278,000 after buying an additional 784 shares during the last quarter. Founders Financial Alliance LLC raised its position in shares of Hercules Capital by 3.6% during the fourth quarter. Founders Financial Alliance LLC now owns 22,742 shares of the financial services provider’s stock valued at $301,000 after buying an additional 796 shares during the last quarter. Cetera Advisors LLC raised its position in shares of Hercules Capital by 2.3% during the fourth quarter. Cetera Advisors LLC now owns 38,721 shares of the financial services provider’s stock valued at $512,000 after buying an additional 860 shares during the last quarter. Steward Partners Investment Advisory LLC raised its position in shares of Hercules Capital by 2.1% during the fourth quarter. Steward Partners Investment Advisory LLC now owns 42,539 shares of the financial services provider’s stock valued at $562,000 after buying an additional 865 shares during the last quarter. Finally, Toroso Investments LLC raised its position in shares of Hercules Capital by 2.0% during the third quarter. Toroso Investments LLC now owns 44,524 shares of the financial services provider’s stock valued at $516,000 after buying an additional 873 shares during the last quarter. Hedge funds and other institutional investors own 23.77% of the company’s stock.

About Hercules Capital

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Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company’s existing capital structure and map to its business objectives.