Hercules Capital Inc (NYSE:HTGC) has been given an average recommendation of “Hold” by the eight brokerages that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among brokers that have covered the stock in the last year is $13.55.
A number of equities research analysts have weighed in on HTGC shares. Zacks Investment Research lowered Hercules Capital from a “buy” rating to a “hold” rating in a research report on Tuesday, January 15th. Wedbush reaffirmed an “outperform” rating on shares of Hercules Capital in a research report on Friday, February 22nd. Compass Point lowered Hercules Capital from a “buy” rating to a “neutral” rating in a research report on Tuesday, March 12th. Keefe, Bruyette & Woods lowered Hercules Capital from an “outperform” rating to a “market perform” rating and reduced their price target for the stock from $14.00 to $11.50 in a research report on Wednesday, March 13th. Finally, B. Riley lowered Hercules Capital from a “buy” rating to a “neutral” rating and reduced their price target for the stock from $15.00 to $11.50 in a research report on Wednesday, March 13th.
Large investors have recently made changes to their positions in the stock. Trustcore Financial Services LLC acquired a new position in Hercules Capital during the 1st quarter valued at about $25,000. Osborn Williams & Donohoe LLC acquired a new position in Hercules Capital during the 1st quarter valued at about $30,000. Cordasco Financial Network acquired a new position in Hercules Capital during the 1st quarter valued at about $31,000. Covington Capital Management acquired a new position in Hercules Capital during the 4th quarter valued at about $39,000. Finally, Advisory Alpha LLC acquired a new position in Hercules Capital during the 1st quarter valued at about $49,000. 36.01% of the stock is currently owned by institutional investors.
HTGC traded down $0.06 during trading hours on Friday, reaching $13.22. 9,621 shares of the company’s stock traded hands, compared to its average volume of 479,693. The company has a quick ratio of 1.66, a current ratio of 1.66 and a debt-to-equity ratio of 1.09. The stock has a market cap of $1.29 billion, a P/E ratio of 11.11 and a beta of 1.02. Hercules Capital has a 52-week low of $10.57 and a 52-week high of $14.17.
Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.30 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.31 by ($0.01). The firm had revenue of $58.80 million for the quarter, compared to the consensus estimate of $59.36 million. Hercules Capital had a net margin of 60.65% and a return on equity of 11.71%. The company’s revenue for the quarter was up 20.7% on a year-over-year basis. During the same period last year, the firm earned $0.34 earnings per share. Equities analysts anticipate that Hercules Capital will post 1.32 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, May 20th. Investors of record on Monday, May 13th will be given a dividend of $0.32 per share. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a yield of 9.68%. The ex-dividend date of this dividend is Friday, May 10th. Hercules Capital’s dividend payout ratio is currently 107.56%.
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.
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