Hercules Capital, Inc. (HTGC) Cut to “Hold” at BidaskClub

BidaskClub lowered shares of Hercules Capital, Inc. (NYSE:HTGC) from a buy rating to a hold rating in a report issued on Thursday.

A number of other research firms have also recently commented on HTGC. JMP Securities restated a mkt outperform rating and issued a $14.50 price target on shares of Hercules Capital in a report on Monday, August 7th. Raymond James Financial, Inc. restated an underperform rating on shares of Hercules Capital in a report on Friday, August 4th. Jefferies Group LLC restated a buy rating and issued a $16.00 price target on shares of Hercules Capital in a report on Friday, July 14th. Royal Bank Of Canada restated a buy rating and issued a $16.00 price target on shares of Hercules Capital in a report on Sunday, August 6th. Finally, ValuEngine cut shares of Hercules Capital from a buy rating to a hold rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $14.50.

Shares of Hercules Capital (NYSE HTGC) traded down 0.55% during midday trading on Thursday, reaching $12.69. 254,639 shares of the company’s stock traded hands. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.05 and a beta of 0.85. Hercules Capital has a one year low of $11.64 and a one year high of $15.68. The company has a 50-day moving average of $12.46 and a 200-day moving average of $13.44.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.31. The firm had revenue of $48.45 million for the quarter, compared to analysts’ expectations of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. Equities research analysts anticipate that Hercules Capital will post $1.17 EPS for the current year.

WARNING: “Hercules Capital, Inc. (HTGC) Cut to “Hold” at BidaskClub” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/08/hercules-capital-inc-htgc-cut-to-hold-at-bidaskclub.html.

A number of large investors have recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. lifted its stake in Hercules Capital by 9.1% in the second quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock worth $52,394,000 after acquiring an additional 330,564 shares during the period. Principal Financial Group Inc. lifted its stake in Hercules Capital by 108.0% in the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock worth $39,158,000 after acquiring an additional 1,535,592 shares during the period. UBS Group AG lifted its stake in Hercules Capital by 26.7% in the first quarter. UBS Group AG now owns 2,303,026 shares of the financial services provider’s stock worth $34,845,000 after acquiring an additional 485,745 shares during the period. Advisors Capital Management LLC lifted its stake in Hercules Capital by 14.0% in the second quarter. Advisors Capital Management LLC now owns 934,858 shares of the financial services provider’s stock worth $12,378,000 after acquiring an additional 114,808 shares during the period. Finally, Ares Management LLC lifted its stake in Hercules Capital by 654.8% in the sec

A number of other research firms have also recently commented on HTGC. JMP Securities restated a mkt outperform rating and issued a $14.50 price target on shares of Hercules Capital in a report on Monday, August 7th. Raymond James Financial, Inc. restated an underperform rating on shares of Hercules Capital in a report on Friday, August 4th. Jefferies Group LLC restated a buy rating and issued a $16.00 price target on shares of Hercules Capital in a report on Friday, July 14th. Royal Bank Of Canada restated a buy rating and issued a $16.00 price target on shares of Hercules Capital in a report on Sunday, August 6th. Finally, ValuEngine cut shares of Hercules Capital from a buy rating to a hold rating in a report on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and seven have assigned a buy rating to the stock. The stock currently has an average rating of Hold and an average price target of $14.50.

Shares of Hercules Capital (NYSE HTGC) traded down 0.55% during midday trading on Thursday, reaching $12.69. 254,639 shares of the company’s stock traded hands. The company has a market capitalization of $1.05 billion, a price-to-earnings ratio of 14.05 and a beta of 0.85. Hercules Capital has a one year low of $11.64 and a one year high of $15.68. The company has a 50-day moving average of $12.46 and a 200-day moving average of $13.44.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.31. The firm had revenue of $48.45 million for the quarter, compared to analysts’ expectations of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 earnings per share. Equities research analysts anticipate that Hercules Capital will post $1.17 EPS for the current year.

WARNING: “Hercules Capital, Inc. (HTGC) Cut to “Hold” at BidaskClub” was first reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was illegally copied and reposted in violation of United States & international copyright legislation. The correct version of this news story can be viewed at https://ledgergazette.com/2017/10/08/hercules-capital-inc-htgc-cut-to-hold-at-bidaskclub.html.

A number of large investors have recently added to or reduced their stakes in the stock. Muzinich & Co. Inc. lifted its stake in Hercules Capital by 9.1% in the second quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock worth $52,394,000 after acquiring an additional 330,564 shares during the period. Principal Financial Group Inc. lifted its stake in Hercules Capital by 108.0% in the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock worth $39,158,000 after acquiring an additional 1,535,592 shares during the period. UBS Group AG lifted its stake in Hercules Capital by 26.7% in the first quarter. UBS Group AG now owns 2,303,026 shares of the financial services provider’s stock worth $34,845,000 after acquiring an additional 485,745 shares during the period. Advisors Capital Management LLC lifted its stake in Hercules Capital by 14.0% in the second quarter. Advisors Capital Management LLC now owns 934,858 shares of the financial services provider’s stock worth $12,378,000 after acquiring an additional 114,808 shares during the period. Finally, Ares Management LLC lifted its stake in Hercules Capital by 654.8% in the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock worth $10,117,000 after acquiring an additional 662,950 shares during the period. 42.55% of the stock is owned by 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.

Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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