Hercules Capital (NYSE:HTGC) Rating Change

Sandler O’Neill upped shares of Hercules Capital (NYSE:HTGC) from Hold rating to Buy rating in analysts report sent to investors and clients on Tuesday, 6 February.

According to data compiled by Thomson Reuters, Hercules Capital (NYSE:HTGC)’s stock is covered by 10 equity analysts across the Street, with 0 analysts giving it a Sell rating, 9 a Buy rating, while 4 consider it a Hold. The 12-month consensus target price for the stock is $13.45, which reflects an downside potential of 2.32% over the current price.

Institutional Ownership

Muzinich & Co. Inc. had the most significant stake with ownership of 935,189 shares as of q2 2015 for 3.26% of the fund’s portfolio. Benchmark Capital Advisors is another notably bullish fund who is possessing 254,111 shares of Hercules Capital or 2.6% of their fund’s portfolio. Furthermore, Silver Capital Management Llc have 2.16% of their fund’s portfolio invested in the company for 37,973 shares. The Michigan-based fund Northpointe Capital Llc disclosed it had purchased so far a stake worth about 2.01% of the fund’s stock portfolio in Hercules Capital. The Connecticut-based fund Gilman Hill Asset Management Llc is also positive about the stock, possessing 1.43M shares or 1.95% of their fund’s portfolio.

Hercules Capital (NYSE:HTGC) Profile

Hercules Capital, Inc. is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.

Hercules Capital (NYSE:HTGC) traded up 0.88% on 6 February, hitting $13.77. A total of 186,726 shares of the company’s stock traded hands. This is down from average of 407,152 shares. Hercules Capital has a 52 week low of $11.64 and a 52 week high of $15.68. The company has a market cap of $1.16 billion and a P/E ratio of 15.15.

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