Hercules Capital, Inc. (HTGC) Receives Average Rating of “Hold” from Analysts
Shares of Hercules Capital, Inc. (NYSE:HTGC) have been given an average recommendation of “Hold” by the fourteen analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating on the company. The average 1 year target price among analysts that have updated their coverage on the stock in the last year is $14.54.
HTGC has been the subject of several recent research reports. Wedbush initiated coverage on Hercules Capital in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $13.25 price target for the company. JMP Securities reiterated a “mkt outperform” rating and issued a $14.50 price target on shares of Hercules Capital in a research report on Monday, August 7th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hercules Capital in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research report on Friday, July 14th. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research report on Sunday, August 6th.
Shares of Hercules Capital (NYSE:HTGC) traded down $0.35 during mid-day trading on Friday, hitting $13.47. The stock had a trading volume of 723,638 shares, compared to its average volume of 504,537. Hercules Capital has a 1 year low of $11.64 and a 1 year high of $15.68. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $1,140.00, a PE ratio of 10.64, a price-to-earnings-growth ratio of 2.40 and a beta of 0.84.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.29 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $45.90 million during the quarter, compared to analyst estimates of $46.22 million. Hercules Capital had a return on equity of 12.93% and a net margin of 39.73%. The firm’s revenue was up 1.8% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. research analysts forecast that Hercules Capital will post 1.16 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 20th. Shareholders of record on Monday, November 13th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.24 annualized dividend and a dividend yield of 9.21%. Hercules Capital’s dividend payout ratio (DPR) is presently 136.26%.
Several large investors have recently made changes to their positions in HTGC. Bank of New York Mellon Corp purchased a new position in shares of Hercules Capital during the first quarter valued at approximately $847,000. Ameriprise Financial Inc. boosted its position in shares of Hercules Capital by 2.2% during the first quarter. Ameriprise Financial Inc. now owns 15,291 shares of the financial services provider’s stock valued at $231,000 after buying an additional 331 shares during the period. California Public Employees Retirement System boosted its position in shares of Hercules Capital by 34.1% during the first quarter. California Public Employees Retirement System now owns 33,000 shares of the financial services provider’s stock valued at $499,000 after buying an additional 8,400 shares during the period. Legal & General Group Plc boosted its position in shares of Hercules Capital by 8.3% during the first quarter. Legal & General Group Plc now owns 182,766 shares of the financial services provider’s stock valued at $2,764,000 after buying an additional 14,021 shares during the period. Finally, Jane Street Group LLC purchased a new position in shares of Hercules Capital during the first quarter valued at approximately $200,000. Institutional investors and hedge funds own 42.82% 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.
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