Hercules Capital (HTGC) Gets a Buy Rating from B.Riley FBR

By Jason Carr

B.Riley FBR analyst Timothy P. Hayes maintained a Buy rating on Hercules Capital (HTGCResearch Report) yesterday and set a price target of $15. The company’s shares closed last Monday at $13.05.

According to TipRanks.com, Hayes is a 4-star analyst with an average return of 4.8% and a 61.5% success rate. Hayes covers the Financial sector, focusing on stocks such as Fidus Investment Corporation, Ready Capital Corporation, and Saratoga Investment Corp.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Hercules Capital with a $14.17 average price target.

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Based on Hercules Capital’s latest earnings release for the quarter ending June 30, the company reported a quarterly net profit of $48.01 million. In comparison, last year the company had a net profit of $51.78 million.

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Hercules Capital, Inc. is a specialty finance company, which focuses on providing senior secured loans to high-growth, innovative venture capital-backed companies in a variety of technology, life sciences, and sustainable and renewable technology industries. The company was founded by Manuel A. Henriquez in December 2003 and is headquartered in Palo Alto, CA.