JMP Securities Reiterates "Market Outperform" Rating for Hercules Capital (NYSE:HTGC)

Hercules Capital (NYSE:HTGC - Get Free Report)'s stock had its "market outperform" rating reaffirmed by equities researchers at JMP Securities in a research note issued to investors on Monday,Benzinga reports. They presently have a $22.00 price target on the financial services provider's stock. JMP Securities' price target would suggest a potential upside of 9.07% from the stock's current price.

A number of other brokerages also recently issued reports on HTGC. Wells Fargo & Company raised their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a "market perform" rating to an "outperform" rating and raised 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 assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $20.90.

Hercules Capital Price Performance

Shares of NYSE:HTGC traded up $0.05 on Monday, reaching $20.17. The company's stock had a trading volume of 1,347,709 shares, compared to its average volume of 1,522,264. The company has a 50-day simple moving average of $19.38 and a 200 day simple moving average of $19.65. Hercules Capital has a 52-week low of $16.72 and a 52-week high of $21.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $3.28 billion, a P/E ratio of 9.99 and a beta of 1.35.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The company had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. During the same quarter last year, the business posted $0.52 earnings per share. As a group, equities research analysts anticipate that Hercules Capital will post 2.01 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the stock. Confluence Investment Management LLC boosted its holdings in shares of Hercules Capital by 0.4% in the fourth quarter. Confluence Investment Management LLC now owns 382,163 shares of the financial services provider's stock valued at $7,678,000 after purchasing an additional 1,711 shares during the period. Franklin Resources Inc. raised its position in Hercules Capital by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock valued at $7,667,000 after purchasing an additional 84,780 shares in the last quarter. Tidal Investments LLC lifted its holdings in shares of Hercules Capital by 8.1% in the 3rd quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider's stock worth $1,498,000 after buying an additional 5,704 shares during the period. Sanctuary Advisors LLC grew its position in shares of Hercules Capital by 56.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider's stock worth $353,000 after buying an additional 6,792 shares in the last quarter. Finally, Virtu Financial LLC increased its stake in shares of Hercules Capital by 97.5% during the third quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider's stock valued at $379,000 after buying an additional 9,517 shares during the period. 19.69% of the stock is currently owned by institutional investors.

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.