ValuEngine downgraded shares of Hercules Capital, Inc. (NYSE:HTGC) from a buy rating to a hold rating in a research report released on Friday.

HTGC has been the topic of several other reports. Zacks Investment Research upgraded Hercules Capital from a strong sell rating to a hold rating in a research note on Tuesday, May 16th. Jefferies Group LLC restated a buy rating and set a $16.00 price objective on shares of Hercules Capital in a research note on Friday, May 12th. Keefe, Bruyette & Woods restated an outperform rating and set a $15.00 price objective on shares of Hercules Capital in a research note on Tuesday, July 4th. Wunderlich restated a hold rating on shares of Hercules Capital in a research note on Tuesday, May 16th. Finally, BidaskClub cut Hercules Capital from a buy rating to a hold rating in a research note on Thursday. Two analysts have rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Hercules Capital presently has an average rating of Hold and a consensus target price of $15.21.

Hercules Capital (NYSE:HTGC) traded up 1.72% during mid-day trading on Friday, hitting $12.41. 687,423 shares of the stock were exchanged. Hercules Capital has a 1-year low of $12.16 and a 1-year high of $15.68. The company has a market capitalization of $1.03 billion, a PE ratio of 13.74 and a beta of 0.83. The stock has a 50 day moving average price of $12.94 and a 200 day moving average price of $13.86.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The company had revenue of $48.45 million for the quarter, compared to analysts’ expectations of $48.25 million. During the same period last year, the business earned $0.32 EPS. Hercules Capital’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Hercules Capital will post $1.17 earnings per share for the current fiscal year.

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The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.99%. The ex-dividend date of this dividend was Thursday, August 10th. Hercules Capital’s dividend payout ratio is presently 134.78%.

Several institutional investors have recently made changes to their positions in the company. Muzinich & Co. Inc. increased its position in shares of Hercules Capital by 9.1% during the 2nd quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock valued at $52,394,000 after purchasing an additional 330,564 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Hercules Capital by 108.0% during the 2nd quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock valued at $39,158,000 after purchasing an additional 1,535,592 shares during the last quarter. UBS Group AG increased its position in shares of Hercules Capital by 26.7% during the 1st quarter. UBS Group AG now owns 2,303,026 shares of the financial services provider’s stock valued at $34,845,000 after purchasing an additional 485,745 shares during the last quarter. Edge Asset Management Inc. increased its position in shares of Hercules Capital by 1.7% during the 1st quarter. Edge Asset Management Inc. now owns 1,698,771 shares of the financial services provider’s stock valued at $25,702,000 after purchasing an additional 28,401 shares during the last quarter. Finally, LSV Asset Management increased its position in shares of Hercules Capital by 14.8% during the 1st quarter. LSV Asset Management now owns 1,129,565 shares of the financial services provider’s stock valued at $17,090,000 after purchasing an additional 145,289 shares during the last quarter. 44.64% of the stock is owned by hedge funds and other institutional investors.

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.

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Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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