Hercules Capital, Inc. (HTGC) Receives Average Recommendation of “Hold” from Analysts
Shares of Hercules Capital, Inc. (NYSE:HTGC) have received a consensus recommendation of “Hold” from the thirteen brokerages that are covering the company, MarketBeat.com reports. Three research analysts have rated the stock with a sell recommendation, three have given a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have updated their coverage on the stock in the last year is $15.08.
Several research firms have weighed in on HTGC. Compass Point raised shares of Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a research report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a research report on Wednesday, August 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and set a $15.00 target price on shares of Hercules Capital in a research report on Tuesday, July 4th. Zacks Investment Research downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Finally, BidaskClub downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Tuesday.
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Hedge funds have recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company boosted its holdings in shares of Hercules Capital by 29.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 2,034 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Hercules Capital in the 2nd quarter valued at $138,000. Global X Management Co. LLC boosted its holdings in shares of Hercules Capital by 50.0% in the 1st quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock valued at $139,000 after acquiring an additional 3,067 shares during the last quarter. Eagle Global Advisors LLC purchased a new stake in shares of Hercules Capital in the 2nd quarter valued at $154,000. Finally, Financial Counselors Inc. purchased a new stake in shares of Hercules Capital in the 2nd quarter valued at $154,000. 44.64% of the stock is currently owned by institutional investors and hedge funds.
Hercules Capital (NYSE:HTGC) traded up 0.40% during midday trading on Friday, reaching $12.40. The company’s stock had a trading volume of 644,971 shares. The company has a market cap of $1.03 billion, a PE ratio of 13.73 and a beta of 0.83. The stock has a 50-day moving average price of $12.63 and a 200 day moving average price of $13.67. Hercules Capital has a 12 month low of $11.64 and a 12 month high of $15.68.
Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $48.45 million for the quarter, compared to the consensus estimate of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. Hercules Capital’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.32 EPS. Analysts expect that Hercules Capital will post $1.17 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend was Thursday, August 10th. Hercules Capital’s dividend payout ratio (DPR) is currently 134.78%.
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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