Hercules Capital (NYSE:HTGC) Reaches New 1-Year High at $18.90

Hercules Capital, Inc. (NYSE:HTGC) shares reached a new 52-week high on Tuesday . The company traded as high as $18.90 and last traded at $18.84, with a volume of 256866 shares trading hands. The stock had previously closed at $18.69.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on HTGC shares. Compass Point lowered shares of Hercules Capital from a “buy” rating to a “neutral” rating and raised their price target for the company from $17.00 to $17.50 in a report on Tuesday, January 16th. Keefe, Bruyette & Woods raised their price target on shares of Hercules Capital from $17.00 to $18.00 and gave the company a “market perform” rating in a report on Friday, February 16th. Wells Fargo & Company raised their price target on shares of Hercules Capital from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, January 29th. JMP Securities raised their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market outperform” rating in a report on Tuesday, March 26th. Finally, Piper Sandler increased their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $18.00.

Hercules Capital Stock Up 0.5 %

The stock’s 50 day simple moving average is $18.31 and its 200 day simple moving average is $17.02. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $3.07 billion, a P/E ratio of 8.20 and a beta of 1.34.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.50 by $0.06. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The company had revenue of $122.60 million for the quarter, compared to the consensus estimate of $117.48 million. During the same period last year, the firm posted $0.47 EPS. The company’s revenue for the quarter was up 22.4% on a year-over-year basis. As a group, research analysts predict that Hercules Capital, Inc. will post 2.05 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 28th were given a $0.48 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.13%. Hercules Capital’s payout ratio is currently 69.26%.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. Sound Income Strategies LLC increased its holdings in shares of Hercules Capital by 2.9% in the 1st quarter. Sound Income Strategies LLC now owns 2,654,119 shares of the financial services provider’s stock worth $48,968,000 after acquiring an additional 73,747 shares during the period. Van ECK Associates Corp increased its holdings in shares of Hercules Capital by 18.8% in the 4th quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock worth $40,254,000 after acquiring an additional 381,318 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Hercules Capital by 1,567.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock worth $22,433,000 after acquiring an additional 1,265,008 shares during the period. Advisors Capital Management LLC increased its holdings in shares of Hercules Capital by 2.4% in the 3rd quarter. Advisors Capital Management LLC now owns 1,006,309 shares of the financial services provider’s stock worth $16,524,000 after acquiring an additional 23,157 shares during the period. Finally, Melia Wealth LLC increased its holdings in shares of Hercules Capital by 5.5% in the 1st quarter. Melia Wealth LLC now owns 691,540 shares of the financial services provider’s stock worth $12,759,000 after acquiring an additional 36,325 shares during the period. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Company Profile

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.