Hercules Capital, Inc. (NYSE:HTGC) Downgraded by BidaskClub to Hold
Hercules Capital, Inc. (NYSE:HTGC) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Sunday, July 30th.
A number of other analysts also recently issued reports on HTGC. Keefe, Bruyette & Woods reaffirmed an “outperform” rating on shares of Hercules Capital in a research report on Thursday, April 6th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.00 target price on shares of Hercules Capital in a research report on Friday, April 7th. Zacks Investment Research downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Wunderlich downgraded Hercules Capital from a “buy” rating to a “hold” rating and lowered their target price for the company from $16.00 to $13.00 in a research report on Monday, May 8th. Finally, ValuEngine downgraded Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. Hercules Capital presently has a consensus rating of “Hold” and a consensus target price of $15.21.
Shares of Hercules Capital (HTGC) traded down 0.63% on Friday, hitting $12.67. The stock had a trading volume of 636,504 shares. Hercules Capital has a one year low of $12.29 and a one year high of $15.68. The firm’s 50 day moving average is $13.27 and its 200-day moving average is $14.06. The stock has a market capitalization of $1.05 billion, a PE ratio of 14.03 and a beta of 0.82.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, meeting analysts’ consensus estimates of $0.31. The company had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The company’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $0.32 earnings per share. Equities research analysts expect that Hercules Capital will post $1.18 earnings per share for the current fiscal year.
A number of institutional investors have recently made changes to their positions in the company. Global X Management Co. LLC increased its position in shares of Hercules Capital by 50.0% in the first quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock worth $139,000 after buying an additional 3,067 shares during the period. Eagle Global Advisors LLC acquired a new position in shares of Hercules Capital during the second quarter worth $154,000. Financial Counselors Inc. acquired a new position in shares of Hercules Capital during the second quarter worth $154,000. United Capital Financial Advisers LLC acquired a new position in shares of Hercules Capital during the first quarter worth $157,000. Finally, Citadel Advisors LLC acquired a new position in shares of Hercules Capital during the second quarter worth $167,000. 44.25% of the stock is currently owned by hedge funds and other institutional investors.
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.
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