Hercules Capital (NYSE:HTGC) Receives Market Outperform Rating from JMP Securities

Hercules Capital (NYSE:HTGC)‘s stock had its “market outperform” rating reaffirmed by analysts at JMP Securities in a research note issued to investors on Friday,Benzinga reports. They presently have a $22.00 price objective on the financial services provider’s stock. JMP Securities’ price objective suggests a potential upside of 16.31% from the company’s current price.

Separately, Wells Fargo & Company raised their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $20.40.

Hercules Capital Stock Performance

NYSE HTGC opened at $18.92 on Friday. The company has a fifty day moving average of $19.52 and a two-hundred day moving average of $19.64. The company has a market capitalization of $3.07 billion, a PE ratio of 9.36 and a beta of 1.36. Hercules Capital has a 1 year low of $15.17 and a 1 year 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) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $125.25 million during the quarter, compared to analysts’ expectations of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same period in the prior year, the firm earned $0.52 EPS. As a group, analysts expect that Hercules Capital will post 2.02 earnings per share for the current year.

Insiders Place Their Bets

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value of $1,959,000.00. Following the transaction, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. The trade was a 4.42 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

Institutional Trading of Hercules Capital

Several hedge funds and other institutional investors have recently made changes to their positions in the company. HHM Wealth Advisors LLC purchased a new stake in shares of Hercules Capital in the second quarter valued at approximately $31,000. Kathleen S. Wright Associates Inc. acquired a new stake in Hercules Capital in the third quarter valued at $31,000. Farther Finance Advisors LLC lifted its holdings in Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 2,386 shares during the period. Strategic Financial Concepts LLC boosted its position in shares of Hercules Capital by 2,067.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 336,921 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Hercules Capital by 45.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,279 shares during the period. Hedge funds and other institutional investors 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.