Hercules Capital - HTGC Stock Forecast, Price & News

6 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Hercules Capital in the last twelve months. There are currently 1 sell rating, 2 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "hold" HTGC shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HTGC, but not buy additional shares or sell existing shares.
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6 brokers have issued 1-year price objectives for Hercules Capital's stock. Their HTGC share price forecasts range from $10.50 to $18.00. On average, they predict the company's share price to reach $14.93 in the next twelve months. This suggests a possible upside of 22.8% from the stock's current price.
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Hercules Capital's stock was trading at $13.22 on January 1st, 2023. Since then, HTGC stock has decreased by 8.0% and is now trading at $12.16.
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Hercules Capital saw a increase in short interest in the month of February. As of February 28th, there was short interest totaling 6,060,000 shares, an increase of 5.8% from the February 13th total of 5,730,000 shares. Based on an average daily volume of 892,600 shares, the days-to-cover ratio is currently 6.8 days.
View Hercules Capital's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, May 4th 2023.
View our HTGC earnings forecast.

Hercules Capital, Inc. (NYSE:HTGC) issued its quarterly earnings results on Thursday, February, 16th. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts' consensus estimates of $0.42 by $0.05. The financial services provider had revenue of $100.19 million for the quarter, compared to analyst estimates of $91.34 million. Hercules Capital had a net margin of 31.73% and a trailing twelve-month return on equity of 13.87%. During the same period in the prior year, the company earned $0.35 EPS.

Hercules Capital declared a quarterly dividend on Tuesday, February 14th. Shareholders of record on Thursday, March 2nd will be given a dividend of $0.39 per share on Thursday, March 9th. This represents a $1.56 dividend on an annualized basis and a dividend yield of 12.83%. The ex-dividend date of this dividend is Wednesday, March 1st. This is an increase from the stock's previous quarterly dividend of $0.36.
Read our dividend analysis for HTGC.

ETFs with the largest weight of Hercules Capital (NYSE:HTGC) stock in their portfolio include Putnam BDC Income ETF (PBDC), VanEck BDC Income ETF (BIZD), WisdomTree Alternative Income Fund (HYIN), Sound Enhanced Fixed Income ETF (SDEF), ProShares Global Listed Private Equity ETF (PEX), Virtus Private Credit Strategy ETF (VPC), GraniteShares HIPS US High Income ETF (HIPS) and AdvisorShares Alpha DNA Equity Sentiment ETF (SENT).

Hercules Capital (NYSE:HTGC) pays an annual dividend of $1.56 per share and currently has a dividend yield of 13.16%. HTGC has a dividend yield higher than 75% of all dividend-paying stocks, making it a leading dividend payer. The company has been increasing its dividend for 3 consecutive year(s), indicating that it does not yet have a strong track record of dividend growth. The dividend payout ratio is 205.27%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on EPS estimates, HTGC will have a dividend payout ratio of 82.98% in the coming year. This indicates that the company may not be able to sustain their current dividend.
Read our dividend analysis for HTGC.

3 employees have rated Hercules Capital Chief Executive Officer Scott Bluestein on Glassdoor.com. Scott Bluestein has an approval rating of 71% among the company's employees.

Based on aggregate information from My MarketBeat watchlists, some companies that other Hercules Capital investors own include AT&T (T), New Residential Investment (NRZ), Energy Transfer (ET), Ares Capital (ARCC), Main Street Capital (MAIN), Prospect Capital (PSEC), Enterprise Products Partners (EPD), Verizon Communications (VZ), Annaly Capital Management (NLY) and Pfizer (PFE).

Hercules Capital trades on the New York Stock Exchange (NYSE) under the ticker symbol "HTGC."

Hercules Capital's stock is owned by a number of retail and institutional investors. Top institutional shareholders include Sound Income Strategies LLC (1.88%), Van ECK Associates Corp (1.36%), T. Rowe Price Investment Management Inc. (1.06%), Morgan Stanley (0.87%), Millennium Management LLC (0.87%) and Advisors Capital Management LLC (0.75%). Insiders that own company stock include Carol L Foster, Christian Follmann, Gayle A Crowell, Scott Bluestein, Thomas J Fallon and Wade Loo.
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Shares of HTGC stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of HTGC stock can currently be purchased for approximately $12.16.

Hercules Capital (NYSE:HTGC) has a market capitalization of $1.66 billion and generates $321.69 million in revenue each year. The financial services provider earns $102.08 million in net income (profit) each year or $0.76 on an earnings per share basis.

Hercules Capital's mailing address is 400 HAMILTON AVE SUITE 310, PALO ALTO CA, 94301. The official website for the company is www.htgc.com. The financial services provider can be reached via phone at (650) 289-3060, via email at mhara@htgc.com, or via fax at 650-473-9194.