Hercules Capital (NYSE:HTGC) Price Target Raised to $20.00

Hercules Capital (NYSE:HTGC) had its price objective upped by research analysts at Compass Point from $18.25 to $20.00 in a research note issued on Wednesday,Benzinga reports. The firm presently has a “neutral” rating on the financial services provider’s stock. Compass Point’s price objective points to a potential downside of 7.80% from the stock’s current price.

A number of other analysts also recently commented on HTGC. JMP Securities reiterated a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. Wells Fargo & Company increased their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, Hercules Capital currently has an average rating of “Moderate Buy” and a consensus price target of $21.40.

Hercules Capital Stock Performance

Shares of NYSE HTGC opened at $21.69 on Wednesday. Hercules Capital has a 1 year low of $16.95 and a 1 year high of $22.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The stock has a fifty day moving average price of $20.41 and a two-hundred day moving average price of $19.64. The firm has a market cap of $3.76 billion, a P/E ratio of 13.47 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The firm had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Research analysts forecast that Hercules Capital will post 1.97 EPS for the current fiscal year.

Institutional Trading of Hercules Capital

Several large investors have recently added to or reduced their stakes in HTGC. Van ECK Associates Corp grew its holdings in shares of Hercules Capital by 10.4% during the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock valued at $69,078,000 after buying an additional 323,028 shares in the last quarter. Sound Income Strategies LLC lifted its stake in Hercules Capital by 2.8% in the 4th quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock worth $56,558,000 after acquiring an additional 77,869 shares in the last quarter. Two Sigma Advisers LP boosted its position in Hercules Capital by 205.7% during the 4th quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider’s stock worth $28,265,000 after acquiring an additional 946,700 shares during the period. Advisors Capital Management LLC grew its stake in Hercules Capital by 6.6% during the 4th quarter. Advisors Capital Management LLC now owns 1,018,210 shares of the financial services provider’s stock valued at $20,456,000 after acquiring an additional 62,610 shares in the last quarter. Finally, Two Sigma Investments LP increased its holdings in shares of Hercules Capital by 106.7% in the 4th quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider’s stock valued at $19,002,000 after purchasing an additional 488,172 shares during the period. 19.69% of the stock is owned by institutional investors and hedge funds.

Hercules Capital Company Profile

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.