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

Hercules Capital (NYSE:HTGC - Get Free Report) had its price target lifted by stock analysts at Compass Point from $18.25 to $20.00 in a report released on Wednesday,Benzinga reports. The brokerage presently has a "neutral" rating on the financial services provider's stock. Compass Point's price target would suggest a potential downside of 6.96% from the company's current price.

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

Hercules Capital Trading Down 1.0 %

HTGC traded down $0.22 during trading on Wednesday, hitting $21.50. 1,071,842 shares of the stock were exchanged, compared to its average volume of 962,789. The firm has a 50 day simple moving average of $20.41 and a 200 day simple moving average of $19.64. The firm has a market cap of $3.72 billion, a price-to-earnings ratio of 13.35 and a beta of 1.35. 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.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $121.78 million for the quarter, compared to the consensus estimate of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. As a group, equities analysts expect that Hercules Capital will post 1.96 EPS for the current year.

Institutional Trading of Hercules Capital

A number of institutional investors have recently made changes to their positions in the business. Rockefeller Capital Management L.P. boosted its position in shares of Hercules Capital by 0.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 138,364 shares of the financial services provider's stock worth $2,780,000 after purchasing an additional 496 shares in the last quarter. Morse Asset Management Inc lifted its position in Hercules Capital by 1.7% during the 3rd quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider's stock worth $685,000 after acquiring an additional 600 shares during the period. Naples Global Advisors LLC lifted its position in Hercules Capital by 1.0% during the 4th quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider's stock worth $1,251,000 after acquiring an additional 600 shares during the period. Sand Hill Global Advisors LLC lifted its position in Hercules Capital by 2.5% during the 4th quarter. Sand Hill Global Advisors LLC now owns 27,417 shares of the financial services provider's stock worth $551,000 after acquiring an additional 665 shares during the period. Finally, Mirae Asset Global Investments Co. Ltd. lifted its position in Hercules Capital by 2.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider's stock worth $540,000 after acquiring an additional 711 shares during the period. Institutional investors and hedge funds own 19.69% of the company's stock.

About Hercules Capital

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.