Shares of Hercules Capital, Inc. (NYSE:HTGC - Get Free Report) reached a new 52-week high during trading on Monday . The stock traded as high as $19.26 and last traded at $19.25, with a volume of 535494 shares changing hands. The stock had previously closed at $19.07.
Analyst Ratings Changes
A number of equities research analysts have commented on HTGC shares. JMP Securities increased their target price on Hercules Capital from $18.00 to $19.00 and gave the company a "market outperform" rating in a report on Tuesday, March 26th. Wells Fargo & Company upped their target price 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. Keefe, Bruyette & Woods lifted their price target on shares of Hercules Capital from $17.00 to $18.00 and gave the stock a "market perform" rating in a report on Friday, February 16th. Piper Sandler upped 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. Finally, Compass Point lowered shares of Hercules Capital from a "buy" rating to a "neutral" rating and raised their target price for the stock from $17.00 to $17.50 in a research report on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hercules Capital has a consensus rating of "Hold" and an average price target of $18.00.
View Our Latest Stock Report on Hercules Capital
Hercules Capital Trading Up 0.8 %
The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $3.12 billion, a PE ratio of 8.32 and a beta of 1.34. The business's fifty day moving average is $18.35 and its 200-day moving average is $17.09.
Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $117.48 million. During the same period in the previous year, the company earned $0.47 EPS. The business's quarterly revenue was up 22.4% compared to the same quarter last year. As a group, analysts anticipate that Hercules Capital, Inc. will post 2.05 EPS for the current fiscal year.
Hercules Capital Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 28th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.99%. Hercules Capital's dividend payout ratio (DPR) is 69.26%.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently bought and sold shares of the business. AE Wealth Management LLC increased its holdings in Hercules Capital by 6.1% in the 3rd quarter. AE Wealth Management LLC now owns 38,581 shares of the financial services provider's stock valued at $633,000 after purchasing an additional 2,233 shares in the last quarter. FAS Wealth Partners Inc. grew its stake in shares of Hercules Capital by 0.4% in the third quarter. FAS Wealth Partners Inc. now owns 222,146 shares of the financial services provider's stock valued at $3,648,000 after buying an additional 922 shares in the last quarter. RMR Wealth Builders raised its holdings in shares of Hercules Capital by 5.2% during the 3rd quarter. RMR Wealth Builders now owns 15,481 shares of the financial services provider's stock valued at $254,000 after buying an additional 770 shares during the period. Cambridge Investment Research Advisors Inc. lifted its position in Hercules Capital by 4.7% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 107,094 shares of the financial services provider's stock worth $1,758,000 after acquiring an additional 4,805 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its holdings in Hercules Capital by 2.1% in the 3rd quarter. Tectonic Advisors LLC now owns 297,984 shares of the financial services provider's stock worth $4,893,000 after acquiring an additional 6,256 shares during the period. 19.69% of the stock is 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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