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

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

Hercules Capital Trading Up 1.0 %

HTGC traded up $0.21 during midday trading on Monday, hitting $21.26. The company's stock had a trading volume of 1,933,511 shares, compared to its average volume of 755,522. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. The firm has a market cap of $3.45 billion, a P/E ratio of 10.53 and a beta of 1.35. The firm has a 50-day moving average price of $20.28 and a two-hundred day moving average price of $19.59. Hercules Capital has a 52-week low of $16.95 and a 52-week high of $21.78.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be paid a $0.47 dividend. 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%.

Wall Street Analysts Forecast Growth

HTGC has been the subject of several research reports. Keefe, Bruyette & Woods raised Hercules Capital from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. JMP Securities reissued a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a research note on Friday. Finally, Wells Fargo & Company boosted their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Tuesday, October 29th.

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.