Shares of Hercules Technology Growth Capital Inc. (NYSE:HTGC) have earned an average rating of “Buy” from the nine research firms that are presently covering the stock. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $13.80.

A number of brokerages have commented on HTGC. Zacks Investment Research cut shares of Hercules Technology Growth Capital from a “buy” rating to a “hold” rating in a research report on Wednesday, October 5th. TheStreet raised shares of Hercules Technology Growth Capital from a “hold” rating to a “buy” rating in a research report on Monday, November 7th. FBR & Co upped their price target on shares of Hercules Technology Growth Capital from $13.00 to $15.00 and gave the company an “outperform” rating in a research report on Friday, August 5th. Macquarie cut shares of Hercules Technology Growth Capital from an “outperform” rating to a “neutral” rating and set a $13.00 price target on the stock. in a research report on Monday, July 25th. Finally, JMP Securities reaffirmed a “buy” rating on shares of Hercules Technology Growth Capital in a research report on Sunday, November 6th.

Several large investors have recently bought and sold shares of the company. Sei Investments Co. raised its stake in Hercules Technology Growth Capital by 229.1% in the second quarter. Sei Investments Co. now owns 8,900 shares of the company’s stock worth $110,000 after buying an additional 6,196 shares in the last quarter. Tower Research Capital LLC TRC raised its stake in Hercules Technology Growth Capital by 591.7% in the third quarter. Tower Research Capital LLC TRC now owns 8,148 shares of the company’s stock worth $111,000 after buying an additional 6,970 shares in the last quarter. Capital Investment Advisors LLC raised its stake in Hercules Technology Growth Capital by 8.1% in the second quarter. Capital Investment Advisors LLC now owns 10,657 shares of the company’s stock worth $132,000 after buying an additional 800 shares in the last quarter. Advisory Services Network LLC raised its stake in Hercules Technology Growth Capital by 25.6% in the second quarter. Advisory Services Network LLC now owns 11,013 shares of the company’s stock worth $137,000 after buying an additional 2,245 shares in the last quarter. Finally, WFG Advisors LP raised its stake in Hercules Technology Growth Capital by 21.7% in the second quarter. WFG Advisors LP now owns 11,200 shares of the company’s stock worth $139,000 after buying an additional 2,000 shares in the last quarter. Institutional investors own 40.81% of the company’s stock.

Hercules Technology Growth Capital (NYSE:HTGC) opened at 13.55 on Friday. Hercules Technology Growth Capital has a one year low of $9.92 and a one year high of $14.00. The stock has a 50 day moving average price of $13.48 and a 200 day moving average price of $12.97. The company has a market cap of $1.05 billion, a PE ratio of 14.57 and a beta of 0.90.

Hercules Technology Growth Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, November 3rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Hercules Technology Growth Capital had a net margin of 41.18% and a return on equity of 11.69%. The company had revenue of $45.10 million for the quarter, compared to analysts’ expectations of $44.09 million. During the same quarter in the previous year, the firm posted $0.33 earnings per share. Hercules Technology Growth Capital’s revenue for the quarter was down 4.3% on a year-over-year basis. On average, equities analysts anticipate that Hercules Technology Growth Capital will post $1.23 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, November 21st. Investors of record on Monday, November 14th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.15%. Hercules Technology Growth Capital’s dividend payout ratio is presently 131.92%.

Hercules Technology Growth Capital Company Profile

Hercules Capital, Inc, formerly Hercules Technology Growth Capital, Inc, is a specialty finance company. The Company is focused 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.

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