Several other research firms also recently weighed in on HTGC. FBR & Co boosted their target price on Hercules Capital from $15.00 to $16.00 and gave the company an outperform rating in a research report on Friday, February 24th. Raymond James Financial, Inc. cut Hercules Capital from an outperform rating to a market perform rating in a report on Friday, February 24th. They noted that the move was a valuation call. Jefferies Group LLC restated a buy rating and set a $16.00 price objective (up previously from $15.00) on shares of Hercules Capital in a report on Friday, January 27th. Finally, Zacks Investment Research cut Hercules Capital from a buy rating to a hold rating in a report on Friday, January 27th. Five equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. The company presently has a consensus rating of Buy and an average target price of $15.00.
Hercules Capital (NYSE:HTGC) traded up 0.66% during midday trading on Thursday, hitting $15.30. 284,529 shares of the stock were exchanged. The company has a market capitalization of $1.27 billion, a P/E ratio of 16.81 and a beta of 0.91. The company’s 50 day moving average is $14.94 and its 200 day moving average is $14.23. Hercules Capital has a 1-year low of $11.55 and a 1-year high of $15.50.
Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 23rd. The financial services provider reported $0.43 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.32 by $0.11. The firm had revenue of $47.47 million for the quarter, compared to the consensus estimate of $46.12 million. Hercules Capital had a return on equity of 11.69% and a net margin of 41.18%. The company’s revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.29 EPS. Analysts predict that Hercules Capital will post $1.32 earnings per share for the current fiscal year.
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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. 1st Global Advisors Inc. raised its position in shares of Hercules Capital by 0.8% in the third quarter. 1st Global Advisors Inc. now owns 14,972 shares of the financial services provider’s stock valued at $203,000 after buying an additional 116 shares in the last quarter. State of New Jersey Common Pension Fund D acquired a new position in shares of Hercules Capital during the third quarter valued at about $3,051,000. California Public Employees Retirement System raised its position in shares of Hercules Capital by 191.3% in the third quarter. California Public Employees Retirement System now owns 30,300 shares of the financial services provider’s stock valued at $411,000 after buying an additional 19,900 shares in the last quarter. Gilman Hill Asset Management LLC raised its position in shares of Hercules Capital by 3.0% in the third quarter. Gilman Hill Asset Management LLC now owns 372,285 shares of the financial services provider’s stock valued at $5,048,000 after buying an additional 10,941 shares in the last quarter. Finally, Muzinich & Co. Inc. raised its position in shares of Hercules Capital by 66.9% in the third quarter. Muzinich & Co. Inc. now owns 935,189 shares of the financial services provider’s stock valued at $12,681,000 after buying an additional 374,851 shares in the last quarter. 43.42% of the stock is currently 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.
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