Shares of Hercules Capital, Inc. (NYSE:HTGC) have received a consensus recommendation of “Hold” from the thirteen ratings firms that are presently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and six have issued a buy rating on the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $15.08.
A number of equities analysts recently weighed in on the stock. BidaskClub lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Sunday, July 30th. Jefferies Group LLC restated a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a research report on Friday, July 14th. Zacks Investment Research lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. JMP Securities restated a “mkt outperform” rating and set a $14.50 target price on shares of Hercules Capital in a research report on Monday, August 7th. Finally, ValuEngine lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Friday, September 1st.
Institutional investors and hedge funds have recently bought and sold shares of the business. The Manufacturers Life Insurance Company grew its holdings in Hercules Capital by 29.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock valued at $117,000 after buying an additional 2,034 shares during the period. Global X Management Co. LLC grew its holdings in Hercules Capital by 50.0% in the 1st quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock valued at $139,000 after buying an additional 3,067 shares during the period. Cetera Investment Advisers purchased a new stake in Hercules Capital in the 2nd quarter valued at about $138,000. United Capital Financial Advisers LLC purchased a new stake in Hercules Capital in the 1st quarter valued at about $157,000. Finally, Eagle Global Advisors LLC purchased a new stake in Hercules Capital in the 2nd quarter valued at about $154,000. Institutional investors own 42.55% of the company’s stock.
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Hercules Capital (HTGC) traded down 0.08% during trading on Friday, hitting $12.39. 565,182 shares of the company traded hands. Hercules Capital has a 52-week low of $11.64 and a 52-week high of $15.68. The firm has a market cap of $1.03 billion, a price-to-earnings ratio of 13.72 and a beta of 0.83. The company’s 50-day moving average is $12.60 and its 200 day moving average is $13.63.
Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.31. The business had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $0.32 earnings per share. On average, equities analysts anticipate that Hercules Capital will post $1.17 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 10.01%. The ex-dividend date of this dividend was Thursday, August 10th. Hercules Capital’s dividend payout ratio (DPR) is 134.78%.
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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