Shares of Hercules Capital Inc (NYSE:HTGC) have earned a consensus recommendation of “Buy” from the eight analysts that are presently covering the firm, MarketBeat reports. One research analyst has rated the stock with a hold rating and seven have issued a buy rating on the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $14.25.
Several research firms have recently commented on HTGC. Zacks Investment Research raised shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $15.00 price target for the company in a research report on Wednesday, October 3rd. ValuEngine lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, October 8th. Wells Fargo & Co reduced their price target on shares of Hercules Capital from $14.25 to $14.00 and set an “outperform” rating for the company in a research report on Monday, November 5th. Finally, B. Riley set a $15.00 price target on shares of Hercules Capital and gave the company a “buy” rating in a research report on Friday, November 2nd.
A number of institutional investors have recently added to or reduced their stakes in the stock. First Republic Investment Management Inc. bought a new position in Hercules Capital in the 3rd quarter worth approximately $157,000. Private Advisor Group LLC bought a new position in Hercules Capital in the 3rd quarter worth approximately $245,000. BSW Wealth Partners bought a new position in Hercules Capital in the 3rd quarter worth approximately $246,000. Laurion Capital Management LP bought a new position in Hercules Capital in the 2nd quarter worth approximately $247,000. Finally, Mirae Asset Global Investments Co. Ltd. bought a new position in Hercules Capital in the 3rd quarter worth approximately $280,000. 37.83% of the stock is owned by institutional investors.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Hercules Capital had a net margin of 55.71% and a return on equity of 11.60%. The firm had revenue of $52.60 million during the quarter, compared to analyst estimates of $54.37 million. During the same quarter in the prior year, the firm earned $0.29 EPS. The business’s revenue for the quarter was up 14.7% compared to the same quarter last year. As a group, equities research analysts anticipate that Hercules Capital will post 1.21 EPS for the current year.
About Hercules Capital
Hercules Capital, Inc is a specialty finance company, which focuses on providing senior secured loans to high-growth, innovative venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. The company was founded by Manuel A. Henriquez in December 2003 and is headquartered in Palo Alto, CA.
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