Wells Fargo & Company Raises Hercules Capital (NYSE:HTGC) Price Target to $21.00

Hercules Capital (NYSE:HTGC) had its price objective boosted by analysts at Wells Fargo & Company from $20.00 to $21.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the financial services provider’s stock. Wells Fargo & Company‘s price objective would suggest a potential upside of 5.16% from the company’s previous close.

Other equities analysts have also issued reports about the stock. Piper Sandler boosted their price objective on shares of Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JMP Securities boosted their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $19.83.

Hercules Capital Stock Down 0.8 %

HTGC traded down $0.17 on Tuesday, hitting $19.97. The company had a trading volume of 158,715 shares, compared to its average volume of 908,835. The stock has a fifty day simple moving average of $19.41 and a 200-day simple moving average of $19.62. Hercules Capital has a 52-week low of $15.11 and a 52-week high of $21.78. The firm has a market capitalization of $3.24 billion, a P/E ratio of 9.08 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. The firm had revenue of $125.01 million during the quarter, compared to analyst estimates of $124.99 million. During the same period last year, the business earned $0.53 earnings per share. As a group, equities analysts expect that Hercules Capital will post 2.03 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Nikos Theodosopoulos purchased 1,608 shares of the firm’s stock in a transaction on Tuesday, August 6th. The shares were acquired at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the purchase, the director now directly owns 5,613 shares in the company, valued at $101,202.39. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Hercules Capital news, Director Nikos Theodosopoulos bought 1,608 shares of the firm’s stock in a transaction dated Tuesday, August 6th. The shares were purchased at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the transaction, the director now owns 5,613 shares of the company’s stock, valued at $101,202.39. This represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Hercules Capital

Several hedge funds have recently added to or reduced their stakes in HTGC. HHM Wealth Advisors LLC bought a new position in shares of Hercules Capital during the second quarter valued at approximately $31,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Hercules Capital during the third quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its stake in shares of Hercules Capital by 59,650.0% during 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 in the last quarter. Hexagon Capital Partners LLC boosted its stake in shares of Hercules Capital by 28.9% during the first 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 in the last quarter. Finally, Strategic Financial Concepts LLC boosted its stake in shares of Hercules Capital by 2,067.0% during the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 336,921 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

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.