Hercules Capital Inc (HTGC) Receives Consensus Rating of “Buy” from Analysts

Shares of Hercules Capital Inc (NYSE:HTGC) have been given a consensus recommendation of “Buy” by the sixteen ratings firms that are covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and nine have assigned a buy recommendation to the company. The average 12 month price target among brokers that have covered the stock in the last year is $14.59.

Several brokerages recently issued reports on HTGC. Zacks Investment Research upgraded Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Thursday, January 11th. Sandler O’Neill restated a “hold” rating and set a $14.00 price objective on shares of Hercules Capital in a research report on Wednesday, January 10th. B. Riley restated a “buy” rating on shares of Hercules Capital in a research report on Friday, November 3rd. ValuEngine downgraded Hercules Capital from a “buy” rating to a “hold” rating in a research report on Friday, February 2nd. Finally, Keefe, Bruyette & Woods restated a “buy” rating and set a $15.00 price objective on shares of Hercules Capital in a research report on Tuesday, October 24th.

Shares of Hercules Capital (NYSE HTGC) traded up $0.05 during trading on Tuesday, hitting $12.46. The company had a trading volume of 237,261 shares, compared to its average volume of 390,179. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.34 and a quick ratio of 8.34. Hercules Capital has a 1 year low of $11.64 and a 1 year high of $15.68. The firm has a market cap of $1,038.57, a P/E ratio of 13.68, a P/E/G ratio of 1.92 and a beta of 0.74.

Institutional investors and hedge funds have recently modified their holdings of the business. The Manufacturers Life Insurance Company raised its holdings in Hercules Capital by 29.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 2,034 shares during the last quarter. JPMorgan Chase & Co. raised its holdings in Hercules Capital by 74.6% in the 3rd quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 3,891 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new position in Hercules Capital in the 4th quarter valued at $131,000. Cetera Investment Advisers acquired a new position in Hercules Capital in the 2nd quarter valued at $138,000. Finally, HighTower Advisors LLC raised its holdings in Hercules Capital by 0.7% in the 2nd quarter. HighTower Advisors LLC now owns 12,174 shares of the financial services provider’s stock valued at $162,000 after acquiring an additional 81 shares during the last quarter. Institutional investors own 38.97% of the company’s stock.

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Hercules Capital Company Profile

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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