Hercules Capital's (HTGC) "Market Outperform" Rating Reiterated at JMP Securities

Hercules Capital (NYSE:HTGC - Get Free Report)'s stock had its "market outperform" rating restated by analysts at JMP Securities in a research report issued to clients and investors on Friday,Benzinga reports. They currently have a $22.00 target price on the financial services provider's stock. JMP Securities' price target points to a potential upside of 1.59% from the company's current price.

Several other brokerages also recently weighed in on HTGC. Wells Fargo & Company boosted their target price on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a "market perform" rating to an "outperform" rating and upped their price objective for the company from $19.50 to $21.50 in a report on Thursday, December 12th.

Hercules Capital Stock Up 1.8 %

Hercules Capital stock traded up $0.39 during trading hours on Friday, reaching $21.66. The stock had a trading volume of 1,625,415 shares, compared to its average volume of 927,829. The company has a market cap of $3.52 billion, a price-to-earnings ratio of 10.72 and a beta of 1.35. The business's 50 day moving average price is $20.32 and its 200-day moving average price is $19.61. Hercules Capital has a 52 week low of $16.95 and a 52 week high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, meeting analysts' consensus estimates of $0.49. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The company had revenue of $121.78 million during the quarter, compared to analysts' expectations of $124.09 million. Sell-side analysts anticipate that Hercules Capital will post 2.01 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of HTGC. Avior Wealth Management LLC boosted its position in Hercules Capital by 177.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after buying an additional 1,152 shares during the last quarter. Estabrook Capital Management increased its stake in shares of Hercules Capital by 239.0% in the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock worth $38,000 after acquiring an additional 1,324 shares during the period. Farther Finance Advisors LLC raised its holdings in shares of Hercules Capital by 59,650.0% during the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider's stock worth $47,000 after purchasing an additional 2,386 shares during the last quarter. Archer Investment Corp lifted its position in Hercules Capital by 345.4% during the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 1,803 shares during the period. Finally, Quarry LP purchased a new stake in Hercules Capital in the fourth quarter valued at $48,000. 19.69% of the stock is owned by institutional investors and hedge funds.

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.