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

Hercules Capital (NYSE:HTGC)‘s stock had its “market outperform” rating reiterated by equities researchers at JMP Securities in a research note issued on Monday,Benzinga reports. They currently have a $22.00 price target on the financial services provider’s stock. JMP Securities’ price target points to a potential upside of 9.73% from the company’s current price.

A number of other equities analysts have also recently issued reports on HTGC. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and upped their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Wells Fargo & Company increased their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. One investment 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 has an average rating of “Moderate Buy” and a consensus target price of $20.90.

Hercules Capital Price Performance

Shares of HTGC opened at $20.05 on Monday. Hercules Capital has a fifty-two week low of $16.72 and a fifty-two week high of $21.78. The firm’s 50-day simple moving average is $19.38 and its two-hundred day simple moving average is $19.65. The stock has a market cap of $3.26 billion, a PE ratio of 9.93 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share 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 for the quarter, compared to the consensus estimate of $125.80 million. During the same quarter in the prior year, the business posted $0.52 EPS. Analysts anticipate that Hercules Capital will post 2.01 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Hercules Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Strategic Financial Concepts LLC boosted its stake in shares of Hercules Capital by 2,067.0% in the 2nd quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock worth $72,000 after buying an additional 336,921 shares during the last quarter. Caprock Group LLC grew its stake in shares of Hercules Capital by 23.5% during the 2nd quarter. Caprock Group LLC now owns 14,200 shares of the financial services provider’s stock valued at $290,000 after purchasing an additional 2,700 shares during the period. Wedbush Securities Inc. increased its position in shares of Hercules Capital by 3.8% during the 2nd quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 569 shares during the last quarter. HHM Wealth Advisors LLC bought a new position in shares of Hercules Capital in the 2nd quarter worth approximately $31,000. Finally, Envestnet Asset Management Inc. boosted its holdings in shares of Hercules Capital by 25.6% in the second quarter. Envestnet Asset Management Inc. now owns 186,835 shares of the financial services provider’s stock worth $3,821,000 after buying an additional 38,131 shares during the last quarter. 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.