Hercules Capital, Inc. (NYSE:HTGC)‘s stock had its “mkt outperform” rating reissued by research analysts at JMP Securities in a note issued to investors on Monday. They presently have a $14.50 price target on the financial services provider’s stock. JMP Securities’ price objective would indicate a potential upside of 9.60% from the stock’s current price.

HTGC has been the subject of a number of other research reports. ValuEngine downgraded shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. BidaskClub downgraded shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reissued a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a research report on Friday, May 12th. Finally, Keefe, Bruyette & Woods reissued an “outperform” rating and set a $17.00 target price on shares of Hercules Capital in a research report on Thursday, April 20th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.21.

Hercules Capital (NYSE:HTGC) opened at 13.23 on Monday. The stock has a market cap of $1.10 billion, a price-to-earnings ratio of 21.41 and a beta of 0.82. Hercules Capital has a 1-year low of $12.29 and a 1-year high of $15.68. The stock has a 50 day moving average of $13.30 and a 200 day moving average of $14.11.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. The firm had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The company’s revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.32 EPS. Equities analysts expect that Hercules Capital will post $1.18 earnings per share for the current year.

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Hedge funds have recently modified their holdings of the stock. Bank of Montreal Can increased its stake in shares of Hercules Capital by 846.3% in the first quarter. Bank of Montreal Can now owns 68,208 shares of the financial services provider’s stock valued at $1,032,000 after buying an additional 61,000 shares during the period. DnB Asset Management AS increased its stake in shares of Hercules Capital by 23.7% in the first quarter. DnB Asset Management AS now owns 61,639 shares of the financial services provider’s stock valued at $933,000 after buying an additional 11,800 shares during the period. Sumitomo Mitsui Asset Management Company LTD increased its stake in shares of Hercules Capital by 77.8% in the first quarter. Sumitomo Mitsui Asset Management Company LTD now owns 542,251 shares of the financial services provider’s stock valued at $8,204,000 after buying an additional 237,203 shares during the period. Parametric Portfolio Associates LLC increased its stake in shares of Hercules Capital by 19.5% in the first quarter. Parametric Portfolio Associates LLC now owns 179,241 shares of the financial services provider’s stock valued at $2,712,000 after buying an additional 29,223 shares during the period. Finally, Geneva Advisors LLC increased its stake in shares of Hercules Capital by 96.7% in the first quarter. Geneva Advisors LLC now owns 111,232 shares of the financial services provider’s stock valued at $1,683,000 after buying an additional 54,674 shares during the period. 44.25% of the stock is owned by institutional investors.

About Hercules Capital

Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.

Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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