Shares of Hercules Capital Inc (NYSE:HTGC) have received a consensus rating of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, three have given a hold recommendation and four have assigned a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $14.75.
Several research firms have recently commented on HTGC. B. Riley boosted their price target on shares of Hercules Capital from $15.00 to $17.00 and gave the company a “buy” rating in a report on Friday, February 21st. Zacks Investment Research upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $17.00 price objective on the stock in a research note on Monday. Wells Fargo & Co raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating in a report on Monday, November 4th. Finally, JMP Securities lifted their price objective on shares of Hercules Capital from $15.00 to $16.50 and gave the company a “market outperform” rating in a report on Wednesday.
A number of institutional investors and hedge funds have recently bought and sold shares of HTGC. Wedbush Securities Inc. lifted its position in shares of Hercules Capital by 29.1% during the third quarter. Wedbush Securities Inc. now owns 17,627 shares of the financial services provider’s stock valued at $236,000 after buying an additional 3,970 shares during the last quarter. Jag Capital Management LLC raised its stake in shares of Hercules Capital by 5.7% during the 3rd quarter. Jag Capital Management LLC now owns 78,680 shares of the financial services provider’s stock worth $1,052,000 after acquiring an additional 4,250 shares in the last quarter. Naples Global Advisors LLC lifted its position in Hercules Capital by 1.4% during the third quarter. Naples Global Advisors LLC now owns 60,364 shares of the financial services provider’s stock valued at $807,000 after acquiring an additional 824 shares during the last quarter. Quest Capital Management Inc. ADV purchased a new stake in Hercules Capital during the third quarter valued at approximately $29,000. Finally, Janney Montgomery Scott LLC boosted its stake in Hercules Capital by 4.7% in the third quarter. Janney Montgomery Scott LLC now owns 166,957 shares of the financial services provider’s stock valued at $2,232,000 after acquiring an additional 7,550 shares in the last quarter. Institutional investors own 33.65% of the company’s stock.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, February 20th. The financial services provider reported $0.38 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.36 by $0.02. Hercules Capital had a net margin of 64.81% and a return on equity of 13.28%. The company had revenue of $70.58 million during the quarter, compared to analyst estimates of $69.47 million. During the same period in the prior year, the firm earned $0.32 earnings per share. The firm’s revenue for the quarter was up 24.1% compared to the same quarter last year. As a group, equities analysts expect that Hercules Capital will post 1.45 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 9th. Investors of record on Monday, March 2nd will be given a dividend of $0.32 per share. The ex-dividend date is Friday, February 28th. This represents a $1.28 dividend on an annualized basis and a yield of 8.35%. This is an increase from Hercules Capital’s previous quarterly dividend of $0.03. Hercules Capital’s dividend payout ratio (DPR) is presently 90.78%.
About Hercules Capital
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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