Hercules Capital Inc (NYSE:HTGC) has earned an average recommendation of “Hold” from the eight analysts that are presently covering the stock, Marketbeat.com reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokers that have issued ratings on the stock in the last year is $13.00.

HTGC has been the subject of a number of recent analyst reports. ValuEngine upgraded shares of Hercules Capital from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Zacks Investment Research upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, January 4th. Wedbush restated an “outperform” rating on shares of Hercules Capital in a report on Friday, February 22nd. Compass Point lowered shares of Hercules Capital from a “buy” rating to a “neutral” rating in a report on Tuesday, March 12th. Finally, Keefe, Bruyette & Woods lowered shares of Hercules Capital from an “outperform” rating to a “market perform” rating and decreased their price objective for the stock from $14.00 to $11.50 in a report on Wednesday, March 13th.

Hedge funds and other institutional investors have recently made changes to their positions in the stock. BlackRock Inc. increased its stake in Hercules Capital by 22.3% in the 3rd quarter. BlackRock Inc. now owns 459,700 shares of the financial services provider’s stock worth $6,050,000 after purchasing an additional 83,909 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new position in Hercules Capital during the 3rd quarter valued at about $280,000. First Republic Investment Management Inc. purchased a new position in Hercules Capital during the 3rd quarter valued at about $157,000. LPL Financial LLC grew its stake in Hercules Capital by 488.5% during the 3rd quarter. LPL Financial LLC now owns 90,852 shares of the financial services provider’s stock valued at $1,196,000 after acquiring an additional 75,413 shares in the last quarter. Finally, Jane Street Group LLC purchased a new position in Hercules Capital during the 3rd quarter valued at about $537,000. Institutional investors own 36.44% of the company’s stock.

Shares of HTGC stock traded down $0.02 during trading hours on Monday, hitting $12.63. 430,207 shares of the company’s stock traded hands, compared to its average volume of 804,003. Hercules Capital has a 12-month low of $10.57 and a 12-month high of $14.17. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of 10.61, a PEG ratio of 9.52 and a beta of 1.03. The company has a debt-to-equity ratio of 0.95, a quick ratio of 2.42 and a current ratio of 2.42.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 21st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.31 by $0.01. Hercules Capital had a net margin of 36.82% and a return on equity of 11.90%. The firm had revenue of $56.89 million during the quarter, compared to analyst estimates of $54.87 million. During the same period last year, the business earned $0.29 earnings per share. The business’s revenue was up 13.3% on a year-over-year basis. As a group, sell-side analysts forecast that Hercules Capital will post 1.33 earnings per share for the current fiscal year.

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.

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Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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