Shares of Hercules Capital, Inc. (NYSE:HTGC) have been given a consensus rating of "Buy" by the ten ratings firms that are presently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the company. The average twelve-month target price among brokers that have updated their coverage on the stock in the last year is $12.03.
HTGC has been the topic of several analyst reports. JMP Securities increased their target price on shares of Hercules Capital from $12.50 to $13.00 and gave the stock a "market outperform" rating in a report on Wednesday, September 9th. Piper Sandler increased their target price on shares of Hercules Capital from $12.00 to $13.00 and gave the stock an "overweight" rating in a report on Friday, October 9th. Compass Point raised shares of Hercules Capital from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $10.25 to $12.75 in a research report on Friday, July 31st. Finally, ValuEngine raised shares of Hercules Capital from a "strong sell" rating to a "sell" rating in a research report on Thursday, November 5th.
Shares of NYSE HTGC opened at $12.89 on Friday. The company's 50 day simple moving average is $11.80 and its 200 day simple moving average is $11.20. Hercules Capital has a fifty-two week low of $5.42 and a fifty-two week high of $16.40. The firm has a market capitalization of $1.48 billion, a P/E ratio of 11.94 and a beta of 1.48. The company has a debt-to-equity ratio of 1.07, a current ratio of 2.35 and a quick ratio of 2.35.
Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, October 29th. The financial services provider reported $0.34 earnings per share for the quarter, topping the Thomson Reuters' consensus estimate of $0.32 by $0.02. Hercules Capital had a net margin of 42.72% and a return on equity of 13.58%. During the same period last year, the firm earned $0.37 EPS. Sell-side analysts expect that Hercules Capital will post 1.35 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 16th. Investors of record on Monday, November 9th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 6th. This represents a $1.36 dividend on an annualized basis and a yield of 10.55%. This is an increase from Hercules Capital's previous quarterly dividend of $0.32. Hercules Capital's dividend payout ratio (DPR) is 90.78%.
In other Hercules Capital news, Director Carol L. Foster bought 3,850 shares of the firm's stock in a transaction that occurred on Wednesday, November 18th. The stock was acquired at an average price of $12.99 per share, with a total value of $50,011.50. 3.30% of the stock is currently owned by company insiders.
Several institutional investors and hedge funds have recently made changes to their positions in the company. Marshall Wace LLP lifted its stake in Hercules Capital by 25.8% in the 2nd quarter. Marshall Wace LLP now owns 460,608 shares of the financial services provider's stock valued at $4,823,000 after purchasing an additional 94,427 shares during the last quarter. Two Sigma Advisers LP raised its stake in Hercules Capital by 182.9% in the second quarter. Two Sigma Advisers LP now owns 84,600 shares of the financial services provider's stock valued at $886,000 after buying an additional 54,700 shares during the period. Standard Life Aberdeen plc raised its stake in Hercules Capital by 204.1% in the third quarter. Standard Life Aberdeen plc now owns 684,234 shares of the financial services provider's stock valued at $7,920,000 after buying an additional 459,234 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its stake in Hercules Capital by 16.4% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,104,150 shares of the financial services provider's stock valued at $11,560,000 after buying an additional 155,833 shares during the period. Finally, Stifel Financial Corp raised its stake in Hercules Capital by 3.2% in the second quarter. Stifel Financial Corp now owns 494,704 shares of the financial services provider's stock valued at $5,180,000 after buying an additional 15,505 shares during the period. 30.85% of the stock is owned by institutional investors.
Hercules Capital Company Profile
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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