Shares of Hercules Capital, Inc. (NYSE:HTGC – Get Free Report) have earned an average recommendation of “Moderate Buy” from the eight research firms that are currently covering the firm, MarketBeat reports. Three research analysts have rated the stock with a hold rating, four have given a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $18.4643.
A number of research firms have recently commented on HTGC. Weiss Ratings restated a “hold (c)” rating on shares of Hercules Capital in a research note on Wednesday, June 17th. Piper Sandler lifted their target price on Hercules Capital from $16.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Citizens Jmp reduced their price target on Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. UBS Group raised their price target on Hercules Capital from $15.00 to $15.50 and gave the company a “neutral” rating in a research note on Monday, May 18th. Finally, LADENBURG THALM/SH SH lowered their price target on Hercules Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, July 31st.
View Our Latest Report on HTGC
Institutional Trading of Hercules Capital
Hercules Capital Price Performance
NYSE HTGC opened at $16.59 on Thursday. The firm’s 50 day moving average is $15.94 and its 200-day moving average is $15.71. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.03. The company has a market capitalization of $3.10 billion, a PE ratio of 8.25 and a beta of 0.79. Hercules Capital has a 12-month low of $13.70 and a 12-month high of $19.62.
Hercules Capital (NYSE:HTGC – Get Free Report) last announced its earnings results on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Hercules Capital had a net margin of 67.68% and a return on equity of 16.01%. The business had revenue of $134.41 million during the quarter, compared to analysts’ expectations of $146.71 million. During the same quarter in the prior year, the company posted $0.50 earnings per share. The firm’s revenue was up 8.4% on a year-over-year basis. Equities research analysts anticipate that Hercules Capital will post 1.95 earnings per share for the current fiscal year.
Hercules Capital Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Tuesday, August 18th. Investors of record on Tuesday, August 11th will be paid a $0.40 dividend. This is a boost from Hercules Capital’s previous quarterly dividend of $0.07. This represents a $1.60 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend is Tuesday, August 11th. Hercules Capital’s dividend payout ratio (DPR) is 79.60%.
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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