Shares of Hercules Capital, Inc. (NYSE:HTGC – Get Free Report) have been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $18.2083.
Several equities research analysts have recently weighed in on HTGC shares. UBS Group boosted their target price on shares of Hercules Capital from $15.00 to $15.50 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Wells Fargo & Company dropped their target price on shares of Hercules Capital from $18.00 to $17.00 and set an “overweight” rating for the company in a research report on Friday, February 13th. Weiss Ratings downgraded shares of Hercules Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 24th. Citizens Jmp dropped their target price on shares of Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. Finally, Piper Sandler increased their target price on shares of Hercules Capital from $16.50 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th.
View Our Latest Stock Report on HTGC
Insider Buying and Selling at Hercules Capital
Institutional Investors Weigh In On Hercules Capital
A number of institutional investors have recently modified their holdings of the business. Quantum Portfolio Management LLC bought a new stake in shares of Hercules Capital during the 1st quarter valued at about $284,666,000. Van ECK Associates Corp grew its position in shares of Hercules Capital by 0.8% during the 3rd quarter. Van ECK Associates Corp now owns 3,647,184 shares of the financial services provider’s stock valued at $68,969,000 after buying an additional 28,757 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Hercules Capital by 25.1% during the 1st quarter. Sound Income Strategies LLC now owns 3,382,058 shares of the financial services provider’s stock valued at $49,243,000 after buying an additional 678,783 shares during the last quarter. LPL Financial LLC grew its position in shares of Hercules Capital by 1.6% during the 4th quarter. LPL Financial LLC now owns 1,823,405 shares of the financial services provider’s stock valued at $34,316,000 after buying an additional 29,292 shares during the last quarter. Finally, UBS Group AG grew its position in shares of Hercules Capital by 26.8% during the 4th quarter. UBS Group AG now owns 1,671,860 shares of the financial services provider’s stock valued at $31,464,000 after buying an additional 353,092 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.
Hercules Capital Price Performance
HTGC opened at $15.45 on Friday. The company has a 50-day moving average of $15.30 and a 200-day moving average of $16.67. The company has a market capitalization of $2.89 billion, a P/E ratio of 8.73 and a beta of 0.82. Hercules Capital has a 1-year low of $13.70 and a 1-year high of $19.67. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.89 and a current ratio of 1.89.
Hercules Capital (NYSE:HTGC – Get Free Report) last released its earnings results on Tuesday, May 5th. The financial services provider reported $0.48 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $134.94 million during the quarter, compared to the consensus estimate of $141.39 million. Hercules Capital had a net margin of 59.85% and a return on equity of 16.05%. The company’s revenue was up 18.4% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.45 EPS. Equities analysts expect that Hercules Capital will post 1.93 EPS for the current fiscal year.
Hercules Capital Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 14th. Hercules Capital’s dividend payout ratio is currently 90.40%.
Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.
The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.
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