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

Hercules Capital (NYSE:HTGC)‘s stock had its “market outperform” rating reiterated by stock analysts at JMP Securities in a note issued to investors on Friday,Benzinga reports. They presently have a $22.00 target price on the financial services provider’s stock. JMP Securities’ price objective indicates a potential upside of 3.12% from the company’s previous close.

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

Hercules Capital Price Performance

NYSE HTGC traded up $0.29 during trading hours on Friday, reaching $21.34. 779,354 shares of the company’s stock were exchanged, compared to its average volume of 863,571. The firm has a fifty day moving average of $20.20 and a 200-day moving average of $19.62. Hercules Capital has a one year low of $16.95 and a one year high of $21.78. The stock has a market cap of $3.47 billion, a PE ratio of 10.56 and a beta of 1.35. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. On average, equities research analysts predict that Hercules Capital will post 2.01 earnings per share for the current fiscal year.

Institutional Trading of Hercules Capital

Several hedge funds have recently added to or reduced their stakes in HTGC. Avior Wealth Management LLC increased its holdings in shares of 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 worth $36,000 after acquiring an additional 1,152 shares during the last quarter. Estabrook Capital Management lifted its position in Hercules Capital by 239.0% during the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,324 shares during the last quarter. Archer Investment Corp boosted its holdings in shares of Hercules Capital by 345.4% during the fourth 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 period. Farther Finance Advisors LLC grew its position in shares of 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 purchasing an additional 2,386 shares during the last quarter. Finally, Jones Financial Companies Lllp increased its stake in shares of Hercules Capital by 199.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 2,693 shares during the period. Institutional investors and hedge funds 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.