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

Hercules Capital (NYSE:HTGC)‘s stock had its “market outperform” rating reiterated by analysts at JMP Securities in a note issued to investors on Friday,Benzinga reports. They currently have a $22.00 price target on the financial services provider’s stock. JMP Securities’ target price indicates a potential upside of 3.47% from the stock’s current price.

A number of other equities research analysts also recently weighed in on HTGC. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Wells Fargo & Company lifted their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th.

Hercules Capital Stock Performance

NYSE HTGC opened at $21.26 on Friday. The company’s fifty day moving average is $20.24 and its two-hundred day moving average is $19.60. The firm has a market capitalization of $3.45 billion, a price-to-earnings ratio of 10.53 and a beta of 1.35. 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 has a 52-week low of $16.95 and a 52-week high of $21.78.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The firm had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Equities research analysts forecast that Hercules Capital will post 2.01 EPS for the current year.

Institutional Investors Weigh In On Hercules Capital

Several institutional investors and hedge funds have recently made changes to their positions in HTGC. Avior Wealth Management LLC lifted its holdings in Hercules Capital by 177.2% during 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 raised its stake in shares of Hercules Capital by 239.0% in the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock valued at $38,000 after acquiring an additional 1,324 shares during the last quarter. Farther Finance Advisors LLC boosted its holdings in shares of Hercules Capital by 59,650.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 2,386 shares in the last quarter. Archer Investment Corp grew its position in Hercules Capital by 345.4% during the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,803 shares during the last quarter. Finally, Quarry LP acquired a new stake in Hercules Capital during the 4th quarter valued at $48,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

About Hercules Capital

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.