Hercules Capital Inc (NYSE:HTGC) has been given a consensus rating of “Hold” by the nine brokerages that are covering the company, MarketBeat.com reports. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $14.75.
A number of brokerages have commented on HTGC. B. Riley upped their price target on Hercules Capital from $15.00 to $17.00 and gave the stock a “buy” rating in a research report on Friday, February 21st. Wells Fargo & Co raised Hercules Capital from a “market perform” rating to an “outperform” rating in a research note on Monday, November 4th. Zacks Investment Research raised Hercules Capital from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research report on Monday. Finally, JMP Securities boosted their price objective on Hercules Capital from $15.00 to $16.50 and gave the company a “market outperform” rating in a research note on Wednesday.
Several institutional investors and hedge funds have recently added to or reduced their stakes in HTGC. California Public Employees Retirement System increased its stake in Hercules Capital by 41.2% in the 3rd quarter. California Public Employees Retirement System now owns 227,800 shares of the financial services provider’s stock worth $3,046,000 after buying an additional 66,500 shares in the last quarter. Monarch Partners Asset Management LLC grew its position in shares of Hercules Capital by 37.4% during the third quarter. Monarch Partners Asset Management LLC now owns 531,082 shares of the financial services provider’s stock worth $7,101,000 after purchasing an additional 144,595 shares in the last quarter. Sigma Planning Corp raised its stake in Hercules Capital by 84.3% during the 3rd quarter. Sigma Planning Corp now owns 69,062 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 31,598 shares during the period. Stifel Financial Corp raised its stake in Hercules Capital by 1.6% during the 3rd quarter. Stifel Financial Corp now owns 483,691 shares of the financial services provider’s stock valued at $6,463,000 after purchasing an additional 7,720 shares during the period. Finally, Vestmark Advisory Solutions Inc. bought a new stake in Hercules Capital during the 3rd quarter valued at approximately $161,000. Institutional investors own 33.65% of the company’s stock.
Shares of Hercules Capital stock traded up $0.29 on Friday, hitting $15.33. 1,274,300 shares of the company’s stock were exchanged, compared to its average volume of 684,153. Hercules Capital has a 1 year low of $11.94 and a 1 year high of $16.40. The company has a 50-day simple moving average of $14.74 and a 200-day simple moving average of $13.92. The company has a debt-to-equity ratio of 1.04, a quick ratio of 3.23 and a current ratio of 3.23. The stock has a market capitalization of $1.73 billion, a PE ratio of 8.86 and a beta of 0.86.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.38 EPS for the quarter, topping the consensus estimate of $0.36 by $0.02. The firm had revenue of $70.58 million during the quarter, compared to analyst estimates of $69.47 million. Hercules Capital had a return on equity of 13.28% and a net margin of 64.81%. Hercules Capital’s revenue was up 24.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.32 EPS. On average, analysts expect that Hercules Capital will post 1.45 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Stockholders of record on Monday, March 2nd will be given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 8.35%. This is an increase from Hercules Capital’s previous quarterly dividend of $0.03. The ex-dividend date is Friday, February 28th. Hercules Capital’s dividend payout ratio (DPR) is presently 90.78%.
About Hercules Capital
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.
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