Hercules Capital, Inc. (NYSE:HTGC) Given Consensus Rating of “Hold” by Analysts

Shares of Hercules Capital, Inc. (NYSE:HTGCGet Free Report) have been given a consensus recommendation of “Hold” by the seven analysts that are covering the company, MarketBeat.com reports. Four analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $18.56.

Several research analysts have recently weighed in on the stock. Wells Fargo & Company upped their price target on shares of Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a report on Friday, May 3rd. JMP Securities increased their target price on Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a research note on Friday, May 3rd. Piper Sandler increased their target price on Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a research note on Friday, May 3rd. Finally, Keefe, Bruyette & Woods increased their target price on Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd.

Get Our Latest Stock Report on Hercules Capital

Insider Activity

In other news, Director Robert P. Badavas sold 13,300 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $19.69, for a total transaction of $261,877.00. Following the transaction, the director now directly owns 4,234 shares of the company’s stock, valued at $83,367.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, Director Robert P. Badavas sold 1,700 shares of the stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $19.60, for a total transaction of $33,320.00. Following the completion of the sale, the director now directly owns 4,234 shares in the company, valued at $82,986.40. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Robert P. Badavas sold 13,300 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $19.69, for a total transaction of $261,877.00. Following the sale, the director now owns 4,234 shares of the company’s stock, valued at $83,367.46. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Institutional Trading of Hercules Capital

Institutional investors have recently modified their holdings of the company. International Assets Investment Management LLC lifted its holdings in Hercules Capital by 1,567.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock worth $22,433,000 after buying an additional 1,265,008 shares during the period. Van ECK Associates Corp lifted its holdings in Hercules Capital by 18.8% in the fourth quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock worth $40,254,000 after buying an additional 381,318 shares during the period. Confluence Investment Management LLC purchased a new stake in Hercules Capital in the first quarter worth about $6,950,000. Global Assets Advisory LLC lifted its holdings in Hercules Capital by 1,920.8% in the first quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock worth $4,078,000 after buying an additional 210,112 shares during the period. Finally, Waterloo Capital L.P. purchased a new stake in Hercules Capital in the fourth quarter worth about $1,803,000. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Trading Down 2.1 %

NYSE:HTGC opened at $20.50 on Wednesday. The company has a market cap of $3.32 billion, a P/E ratio of 9.32 and a beta of 1.39. The stock’s fifty day moving average price is $19.81 and its two-hundred day moving average price is $18.56. Hercules Capital has a 1 year low of $15.02 and a 1 year high of $21.38. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.47 and a quick ratio of 2.47.

Hercules Capital (NYSE:HTGCGet Free Report) last released its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $121.55 million for the quarter, compared to analysts’ expectations of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The business’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.47 earnings per share. As a group, analysts expect that Hercules Capital will post 2.06 EPS for the current year.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.37%. Hercules Capital’s dividend payout ratio (DPR) is currently 72.73%.

About Hercules Capital

(Get Free Report

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.

Featured Stories

Analyst Recommendations for Hercules Capital (NYSE:HTGC)

Receive News & Ratings for Hercules Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital and related companies with MarketBeat.com's FREE daily email newsletter.