Hercules Capital (NYSE:HTGC) Given New $18.00 Price Target at UBS Group

Hercules Capital (NYSE:HTGC) had its price objective reduced by research analysts at UBS Group from $20.00 to $18.00 in a report issued on Thursday,Benzinga reports. The brokerage currently has a “neutral” rating on the financial services provider’s stock. UBS Group’s price objective points to a potential upside of 2.71% from the stock’s current price.

A number of other equities analysts have also issued reports on the stock. Piper Sandler dropped their target price on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price objective on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Compass Point raised their price target on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $20.25.

Hercules Capital Stock Performance

Shares of HTGC opened at $17.53 on Thursday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. Hercules Capital has a 12-month low of $15.65 and a 12-month high of $22.04. The stock has a market capitalization of $3.08 billion, a P/E ratio of 10.89 and a beta of 1.13. The firm’s 50 day moving average is $19.08 and its 200-day moving average is $19.58.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. The business had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. Equities research analysts anticipate that Hercules Capital will post 1.96 EPS for the current fiscal year.

Institutional Investors Weigh In On Hercules Capital

Several large investors have recently modified their holdings of HTGC. Two Sigma Advisers LP raised its stake in shares of Hercules Capital by 205.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider’s stock valued at $28,265,000 after purchasing an additional 946,700 shares during the period. Marshall Wace LLP bought a new stake in shares of Hercules Capital during the 4th quarter worth about $14,871,000. Two Sigma Investments LP increased its stake in shares of Hercules Capital by 106.7% during the fourth quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider’s stock worth $19,002,000 after purchasing an additional 488,172 shares during the period. Millennium Management LLC lifted its holdings in shares of Hercules Capital by 1,834.7% during the fourth quarter. Millennium Management LLC now owns 429,125 shares of the financial services provider’s stock worth $8,621,000 after buying an additional 406,944 shares in the last quarter. Finally, Voloridge Investment Management LLC bought a new position in shares of Hercules Capital during the fourth quarter worth approximately $7,755,000. 19.69% of the stock is currently owned by institutional investors.

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.