Hercules Capital (NYSE:HTGC) Upgrade
Wedbush upped Hercules Capital (NYSE:HTGC)’s stock to “Outperform” rating from “Neutral”. The ratings change was revealed in an analyst report today. The firm currently has $13.75 target on the stock.
Out of 10 brokers covering Hercules Capital, 9 rate it a Buy, 4 indicate a Hold while 0 suggest a Sell. The highest target is $16 and the lowest is $11 according to Thomson/First Call. The 12-month mean target is $13.45, which means downside potential of 2.32% over the current price.
Muzinich & Co. Inc. had the most significant stake with ownership of 935,189 shares as of Q2 2015 for 3.26% of the US equity exposure. Benchmark Capital Advisors is another quite bullish fund who is owning 254,111 shares of Hercules Capital or 2.6% of their US equity exposure. Also, Silver Capital Management Llc have 2.16% of their US equity exposure invested in the company for 37,973 shares. The Michigan-based fund Northpointe Capital Llc revealed it had purchased 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 1.43 million shares or 1.95% of their US equity exposure.
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 7 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 $1.16B and a P/E ratio of 15.15.
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The post Analysts at Wedbush Improved Hercules Capital (NYSE:HTGC) Rating from “Neutral” to “Outperform”. The Target Price Given is $13.75 appeared first on Octafinance.