Hercules Capital (NYSE:HTGC) Issues Quarterly Earnings Results, Meets Expectations

Hercules Capital (NYSE:HTGC - Get Free Report) announced its earnings results on Thursday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.49, Zacks reports. The company had revenue of $121.78 million during the quarter, compared to analysts' expectations of $124.09 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%.

Hercules Capital Trading Up 1.0 %

Shares of Hercules Capital stock traded up $0.21 on Monday, hitting $21.26. The stock had a trading volume of 1,933,511 shares, compared to its average volume of 755,522. The stock has a 50 day moving average of $20.28 and a 200 day moving average of $19.59. Hercules Capital has a twelve month low of $16.95 and a twelve month high of $21.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market capitalization of $3.45 billion, a P/E ratio of 10.53 and a beta of 1.35.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 8.84%. The ex-dividend date of this dividend is Wednesday, February 26th. Hercules Capital's payout ratio is 79.21%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on HTGC shares. Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Wells Fargo & Company boosted their price target on Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Friday.

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.