Hercules Capital Inc (NYSE:HTGC) – Wedbush reduced their Q3 2019 earnings estimates for shares of Hercules Capital in a note issued to investors on Monday, August 12th. Wedbush analyst H. Coffey now forecasts that the financial services provider will earn $0.33 per share for the quarter, down from their prior forecast of $0.34. Wedbush also issued estimates for Hercules Capital’s Q1 2020 earnings at $0.34 EPS, Q2 2020 earnings at $0.35 EPS, Q3 2020 earnings at $0.35 EPS, Q4 2020 earnings at $0.36 EPS and FY2020 earnings at $1.40 EPS.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $69.26 million for the quarter, compared to analysts’ expectations of $63.07 million. Hercules Capital had a net margin of 53.97% and a return on equity of 12.25%. The business’s revenue was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.29 EPS.
HTGC stock opened at $12.66 on Wednesday. The stock has a market capitalization of $1.32 billion, a PE ratio of 10.64 and a beta of 0.87. The company’s 50-day moving average is $12.93 and its 200-day moving average is $12.97. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.31 and a quick ratio of 1.31. Hercules Capital has a 1 year low of $10.57 and a 1 year high of $14.17.
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Trustcore Financial Services LLC bought a new position in Hercules Capital in the 1st quarter valued at about $25,000. Osborn Williams & Donohoe LLC bought a new position in Hercules Capital in the 1st quarter valued at about $30,000. West Oak Capital LLC bought a new position in Hercules Capital in the 2nd quarter valued at about $38,000. Advisory Alpha LLC bought a new position in Hercules Capital in the 1st quarter valued at about $49,000. Finally, Parallel Advisors LLC increased its stake in Hercules Capital by 696.6% in the 2nd quarter. Parallel Advisors LLC now owns 3,983 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,483 shares during the last quarter. 31.08% of the stock is currently owned by institutional investors and hedge funds.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 19th. Investors of record on Monday, August 12th will be given a $0.32 dividend. This is a boost from Hercules Capital’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, August 9th. This represents a $1.28 annualized dividend and a yield of 10.11%. Hercules Capital’s dividend payout ratio (DPR) is presently 107.56%.
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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