Jefferies Group LLC restated their buy rating on shares of Hercules Capital Inc (NYSE:HTGC) in a research note issued to investors on Friday. They currently have a $16.00 price objective on the financial services provider’s stock.
Several other equities research analysts also recently weighed in on HTGC. Zacks Investment Research downgraded Hercules Capital from a hold rating to a sell rating in a research report on Friday, May 5th. FBR & Co upped their target price on Hercules Capital from $15.00 to $16.00 and gave the stock an outperform rating in a research report on Friday, February 24th. Wunderlich downgraded Hercules Capital from a buy rating to a hold rating and decreased their target price for the stock from $16.00 to $13.00 in a research report on Monday, May 8th. Raymond James Financial, Inc. downgraded Hercules Capital from an outperform rating to a market perform rating in a research report on Friday, February 24th. They noted that the move was a valuation call. Finally, Keefe, Bruyette & Woods reaffirmed an outperform rating and issued a $17.00 target price on shares of Hercules Capital in a research report on Thursday, April 20th. Five analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and a consensus price target of $14.71.
Hercules Capital (NYSE:HTGC) opened at 13.18 on Friday. The company has a market capitalization of $1.09 billion, a P/E ratio of 21.33 and a beta of 0.91. The firm has a 50-day moving average of $14.62 and a 200-day moving average of $14.32. Hercules Capital has a one year low of $11.55 and a one year high of $15.68.
Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, May 4th. The financial services provider reported $0.28 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.29 by $0.01. Hercules Capital had a return on equity of 11.69% and a net margin of 41.18%. The company had revenue of $46.37 million during the quarter, compared to analysts’ expectations of $48.33 million. During the same period in the previous year, the company earned $0.32 EPS. On average, analysts anticipate that Hercules Capital will post $1.24 earnings per share for the current year.
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The company also recently announced a quarterly dividend, which will be paid on Monday, May 22nd. Shareholders of record on Monday, May 15th will be issued a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 9.38%. The ex-dividend date of this dividend is Thursday, May 11th. Hercules Capital’s dividend payout ratio is presently 131.92%.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in HTGC. HighTower Advisors LLC increased its position in Hercules Capital by 0.6% in the first quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock worth $183,000 after buying an additional 72 shares in the last quarter. BB&T Securities LLC increased its position in Hercules Capital by 0.7% in the first quarter. BB&T Securities LLC now owns 14,561 shares of the financial services provider’s stock worth $220,000 after buying an additional 100 shares in the last quarter. Naples Global Advisors LLC increased its position in Hercules Capital by 0.5% in the first quarter. Naples Global Advisors LLC now owns 69,056 shares of the financial services provider’s stock worth $1,045,000 after buying an additional 325 shares in the last quarter. Ameriprise Financial Inc. increased its position in Hercules Capital by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 15,291 shares of the financial services provider’s stock worth $231,000 after buying an additional 331 shares in the last quarter. Finally, Princeton Alpha Management LP increased its position in Hercules Capital by 3.1% in the first quarter. Princeton Alpha Management LP now owns 17,211 shares of the financial services provider’s stock worth $260,000 after buying an additional 523 shares in the last quarter. 43.42% of the stock is currently owned by institutional investors.
Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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