Jefferies Group LLC restated their buy rating on shares of Hercules Capital, Inc. (NYSE:HTGC) in a research report report published on Friday, May 12th. Jefferies Group LLC currently has a $16.00 target price on the financial services provider’s stock.
A number of other research analysts have also recently issued reports on HTGC. Keefe, Bruyette & Woods reiterated an outperform rating on shares of Hercules Capital in a research note on Thursday, April 6th. Wunderlich cut Hercules Capital from a buy rating to a hold rating and lowered their price objective for the company from $16.00 to $13.00 in a research note on Monday, May 8th. Zacks Investment Research cut Hercules Capital from a hold rating to a sell rating in a research note on Friday, May 5th. Raymond James Financial, Inc. cut Hercules Capital from an outperform rating to a market perform rating in a research note on Friday, February 24th. They noted that the move was a valuation call. Finally, FBR & Co boosted their price target on Hercules Capital from $15.00 to $16.00 and gave the stock an outperform rating in a research note on Friday, February 24th. Five analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $14.71.
Shares of Hercules Capital (NYSE:HTGC) traded up 0.76% during mid-day trading on Friday, reaching $13.28. 237,501 shares of the company’s stock traded hands. The company has a 50 day moving average of $13.39 and a 200 day moving average of $14.26. The company has a market cap of $1.10 billion, a price-to-earnings ratio of 21.49 and a beta of 0.85. Hercules Capital has a 12 month low of $11.85 and a 12 month high of $15.68.
Hercules Capital (NYSE:HTGC) last released its quarterly 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 net margin of 26.75% and a return on equity of 13.10%. The firm had revenue of $46.37 million for the quarter, compared to the consensus estimate of $48.33 million. During the same quarter in the prior year, the firm earned $0.32 earnings per share. Analysts expect that Hercules Capital will post $1.25 earnings per share for the current fiscal year.
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The firm also recently declared a quarterly dividend, which was paid on Monday, May 22nd. Stockholders of record on Monday, May 15th were issued a $0.31 dividend. The ex-dividend date of this dividend was Thursday, May 11th. This represents a $1.24 annualized dividend and a dividend yield of 9.34%. Hercules Capital’s payout ratio is 190.77%.
Several large investors have recently modified their holdings of HTGC. UBS Group AG increased its stake in shares of Hercules Capital by 5.6% in the third quarter. UBS Group AG now owns 1,624,417 shares of the financial services provider’s stock valued at $22,027,000 after buying an additional 86,105 shares during the last quarter. HBK Investments L P increased its stake in shares of Hercules Capital by 114.8% in the third quarter. HBK Investments L P now owns 25,000 shares of the financial services provider’s stock valued at $339,000 after buying an additional 13,362 shares during the last quarter. Citadel Advisors LLC purchased a new position in shares of Hercules Capital during the third quarter valued at about $246,000. Stephens Inc. AR boosted its position in shares of Hercules Capital by 24.6% in the third quarter. Stephens Inc. AR now owns 34,541 shares of the financial services provider’s stock valued at $468,000 after buying an additional 6,827 shares during the period. Finally, Principal Financial Group Inc. boosted its position in shares of Hercules Capital by 11.5% in the third quarter. Principal Financial Group Inc. now owns 1,239,880 shares of the financial services provider’s stock valued at $16,813,000 after buying an additional 127,610 shares during the period. Hedge funds and other institutional investors own 44.07% of the company’s stock.
About Hercules Capital
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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