BidaskClub downgraded shares of Hercules Capital, Inc. (NYSE:HTGC) from a buy rating to a hold rating in a report published on Thursday.

Other equities analysts have also issued research reports about the company. Jefferies Group LLC reissued a buy rating and set a $16.00 target price on shares of Hercules Capital in a research note on Friday, July 14th. Wunderlich lowered Hercules Capital from a buy rating to a hold rating and decreased their target price for the stock from $16.00 to $13.00 in a research note on Monday, May 8th. Zacks Investment Research lowered Hercules Capital from a hold rating to a sell rating in a research note on Monday, August 7th. JMP Securities reissued a mkt outperform rating and set a $14.50 target price on shares of Hercules Capital in a research note on Monday, August 7th. Finally, Keefe, Bruyette & Woods reissued an outperform rating and set a $15.00 target price on shares of Hercules Capital in a research note on Tuesday, July 4th. Two equities research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. The company presently has a consensus rating of Hold and a consensus price target of $15.21.

Shares of Hercules Capital (NYSE:HTGC) opened at 12.41 on Thursday. The company has a market capitalization of $1.03 billion, a P/E ratio of 13.74 and a beta of 0.84. The company has a 50-day moving average price of $12.94 and a 200-day moving average price of $13.86. Hercules Capital has a 12 month low of $12.16 and a 12 month high of $15.68.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The firm had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. During the same quarter in the prior year, the company earned $0.32 EPS. Hercules Capital’s revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Hercules Capital will post $1.17 EPS for the current fiscal year.

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The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were issued a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.24 annualized dividend and a yield of 9.99%. Hercules Capital’s dividend payout ratio (DPR) is 134.78%.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Cetera Investment Advisers purchased a new stake in Hercules Capital during the 2nd quarter worth about $138,000. Polaris Capital Management LLC increased its holdings in Hercules Capital by 2.3% during the 2nd quarter. Polaris Capital Management LLC now owns 133,995 shares of the financial services provider’s stock worth $1,774,000 after purchasing an additional 3,049 shares during the period. Nomura Holdings Inc. increased its holdings in Hercules Capital by 6.9% during the 2nd quarter. Nomura Holdings Inc. now owns 360,947 shares of the financial services provider’s stock worth $4,782,000 after purchasing an additional 23,271 shares during the period. The Manufacturers Life Insurance Company increased its holdings in Hercules Capital by 29.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 2,034 shares during the period. Finally, Ares Management LLC increased its holdings in Hercules Capital by 654.8% during the 2nd quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock worth $10,117,000 after purchasing an additional 662,950 shares during the period. Institutional investors own 44.64% of the company’s stock.

Hercules Capital Company 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.

Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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