Keefe, Bruyette & Woods Issues Pessimistic Forecast for Hercules Capital (NYSE:HTGC) Stock Price

Hercules Capital (NYSE:HTGC - Get Free Report) had its price objective decreased by equities researchers at Keefe, Bruyette & Woods from $21.50 to $20.50 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has an "outperform" rating on the financial services provider's stock. Keefe, Bruyette & Woods' price objective suggests a potential upside of 21.89% from the company's previous close.

Several other research analysts have also recently weighed in on HTGC. JMP Securities reaffirmed a "market outperform" rating and set a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Compass Point upped their price target on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Piper Sandler lowered their price objective on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.70.

Hercules Capital Stock Down 0.1 %

HTGC stock traded down $0.01 during mid-day trading on Tuesday, hitting $16.82. 1,146,258 shares of the company were exchanged, compared to its average volume of 1,052,185. 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 has a 1-year low of $15.65 and a 1-year high of $22.04. The firm's 50 day simple moving average is $19.43 and its 200 day simple moving average is $19.66. The firm has a market cap of $2.91 billion, a P/E ratio of 10.45 and a beta of 1.13.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting analysts' consensus estimates of $0.49. The business had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. On average, sell-side analysts predict that Hercules Capital will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Hercules Capital

Several large investors have recently made changes to their positions in HTGC. Ameriflex Group Inc. bought a new stake in Hercules Capital during the fourth quarter worth $29,000. Avior Wealth Management LLC lifted its stake in Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,152 shares during the last quarter. Estabrook Capital Management lifted its stake in Hercules Capital by 239.0% in the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 1,324 shares during the last quarter. Archer Investment Corp increased 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 worth $47,000 after buying an additional 1,803 shares during the last quarter. Finally, Quarry LP bought a new stake in Hercules Capital in the fourth quarter valued at approximately $48,000. Institutional investors and hedge funds own 19.69% of the company's stock.

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.