Hercules Capital (NYSE:HTGC) Hits New 12-Month High After Analyst Upgrade

Shares of Hercules Capital, Inc. (NYSE:HTGC) reached a new 52-week high during trading on Tuesday after JMP Securities raised their price target on the stock from $20.00 to $22.00. JMP Securities currently has a market outperform rating on the stock. Hercules Capital traded as high as $21.69 and last traded at $21.67, with a volume of 1104888 shares changing hands. The stock had previously closed at $21.31.

Several other research firms have also commented on HTGC. Keefe, Bruyette & Woods raised their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a research report on Friday, May 3rd. Piper Sandler raised their price target on shares of Hercules Capital from $21.50 to $22.00 and gave the company an “overweight” rating in a research report on Wednesday, July 10th. Finally, Wells Fargo & Company lifted their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $19.13.

Insider Buying and Selling at Hercules Capital

In other news, Director Robert P. Badavas sold 13,300 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $19.69, for a total value of $261,877.00. Following the sale, the director now directly owns 4,234 shares of the company’s stock, valued at approximately $83,367.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director Robert P. Badavas sold 13,300 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $19.69, for a total value of $261,877.00. Following the sale, the director now directly owns 4,234 shares of the company’s stock, valued at approximately $83,367.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Robert P. Badavas sold 1,700 shares of the company’s stock in a transaction that occurred on Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total transaction of $33,320.00. Following the sale, the director now directly owns 4,234 shares in the company, valued at $82,986.40. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Hercules Capital

A number of large investors have recently modified their holdings of the company. RMR Wealth Builders increased its position in shares of Hercules Capital by 3.5% in the 2nd quarter. RMR Wealth Builders now owns 16,997 shares of the financial services provider’s stock valued at $348,000 after purchasing an additional 571 shares during the last quarter. Signaturefd LLC increased its position in shares of Hercules Capital by 30.4% in the 4th quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 789 shares during the last quarter. Hexagon Capital Partners LLC increased its position in shares of Hercules Capital by 28.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 806 shares during the last quarter. Accel Wealth Management boosted its holdings in shares of Hercules Capital by 7.3% in the 2nd quarter. Accel Wealth Management now owns 15,578 shares of the financial services provider’s stock valued at $319,000 after buying an additional 1,066 shares in the last quarter. Finally, Mount Yale Investment Advisors LLC boosted its holdings in shares of Hercules Capital by 0.8% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 140,090 shares of the financial services provider’s stock valued at $2,585,000 after buying an additional 1,107 shares in the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Stock Performance

The firm’s fifty day moving average price is $20.32 and its 200-day moving average price is $18.98. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.93. The firm has a market cap of $3.51 billion, a price-to-earnings ratio of 9.79 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $121.55 million during the quarter, compared to analysts’ expectations of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. Hercules Capital’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.47 EPS. Analysts expect that Hercules Capital, Inc. will post 2.06 earnings per share for the current year.

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.