Hercules Capital, Inc. (NYSE:HTGC - Get Free Report) reached a new 52-week low during trading on Wednesday . The company traded as low as $17.69 and last traded at $17.87, with a volume of 1182202 shares changing hands. The stock had previously closed at $18.15.
Analyst Ratings Changes
HTGC has been the topic of a number of recent analyst reports. JMP Securities restated a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. UBS Group decreased their price objective on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods cut their target price on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company decreased their price target on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Piper Sandler dropped their price objective on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $19.92.
Check Out Our Latest Report on Hercules Capital
Hercules Capital Stock Performance
The stock's 50 day moving average is $18.29 and its two-hundred day moving average is $19.41. The stock has a market capitalization of $3.07 billion, a price-to-earnings ratio of 10.90 and a beta of 0.97. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89.
Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, missing the consensus estimate of $0.46 by ($0.01). The firm had revenue of $102.10 million for the quarter, compared to analyst estimates of $125.43 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The firm's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. Analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.
Hercules Capital Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.13%. The ex-dividend date of this dividend is Tuesday, May 13th. Hercules Capital's payout ratio is presently 120.30%.
Institutional Investors Weigh In On Hercules Capital
Hedge funds have recently bought and sold shares of the company. Virtu Financial LLC boosted its stake in shares of Hercules Capital by 97.5% during the 3rd quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider's stock worth $379,000 after acquiring an additional 9,517 shares during the period. Tidal Investments LLC raised its position in shares of Hercules Capital by 8.1% in the third quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider's stock valued at $1,498,000 after purchasing an additional 5,704 shares during the period. Franklin Resources Inc. lifted its stake in shares of Hercules Capital by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock worth $7,667,000 after buying an additional 84,780 shares during the last quarter. Graypoint LLC boosted its holdings in shares of Hercules Capital by 17.6% during the 4th quarter. Graypoint LLC now owns 164,903 shares of the financial services provider's stock worth $3,313,000 after buying an additional 24,673 shares during the period. Finally, Brookstone Capital Management grew its stake in Hercules Capital by 90.4% in the 4th quarter. Brookstone Capital Management now owns 20,229 shares of the financial services provider's stock valued at $406,000 after buying an additional 9,604 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.
About Hercules Capital
(
Get Free Report)
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.
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