Ladenburg Thalmann Financial Services assumed coverage on shares of Hercules Capital, Inc. (NYSE:HTGC) in a report issued on Monday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $14.50 target price on the financial services provider’s stock.

A number of other research firms also recently weighed in on HTGC. BidaskClub downgraded Hercules Capital from a strong-buy rating to a buy rating in a report on Monday, July 24th. Raymond James Financial, Inc. reissued an underperform rating on shares of Hercules Capital in a report on Friday, August 4th. Royal Bank Of Canada reissued a buy rating and issued a $16.00 target price on shares of Hercules Capital in a report on Sunday, August 6th. JMP Securities reissued a mkt outperform rating and issued a $14.50 target price on shares of Hercules Capital in a report on Monday, August 7th. Finally, Zacks Investment Research downgraded Hercules Capital from a hold rating to a sell rating in a report on Monday, August 7th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $14.36.

Hercules Capital (NYSE HTGC) opened at $13.68 on Monday. The stock has a market capitalization of $1,151.34, a price-to-earnings ratio of 10.44, a PEG ratio of 2.35 and a beta of 0.84. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.87. Hercules Capital has a 1-year low of $11.64 and a 1-year high of $15.68.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $45.90 million for the quarter, compared to the consensus estimate of $46.22 million. Hercules Capital had a return on equity of 12.93% and a net margin of 39.73%. The company’s quarterly revenue was up 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.32 earnings per share. analysts predict that Hercules Capital will post 1.16 EPS for the current year.

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The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 13th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 9.06%. The ex-dividend date was Friday, November 10th. Hercules Capital’s dividend payout ratio is 136.26%.

A number of hedge funds have recently bought and sold shares of HTGC. Principal Financial Group Inc. raised its stake in shares of Hercules Capital by 108.0% in the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock worth $39,158,000 after buying an additional 1,535,592 shares during the period. Ares Management LLC raised its stake in shares of Hercules Capital by 654.8% in the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock worth $10,117,000 after buying an additional 662,950 shares during the period. Muzinich & Co. Inc. raised its stake in shares of Hercules Capital by 9.1% in the second quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock worth $52,394,000 after buying an additional 330,564 shares during the period. Advisors Asset Management Inc. bought a new position in shares of Hercules Capital in the second quarter worth about $3,832,000. Finally, Stifel Financial Corp raised its stake in shares of Hercules Capital by 52.6% in the second quarter. Stifel Financial Corp now owns 489,896 shares of the financial services provider’s stock worth $6,499,000 after buying an additional 168,900 shares during the period. 39.64% of the stock is currently owned by institutional investors.

About Hercules Capital

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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