Hercules Capital, Inc. (NYSE:HTGC - Get Free Report)'s share price reached a new 52-week high during trading on Wednesday after Compass Point raised their price target on the stock from $18.25 to $20.00. Compass Point currently has a neutral rating on the stock. Hercules Capital traded as high as $21.78 and last traded at $21.78, with a volume of 544412 shares. The stock had previously closed at $21.70.
HTGC has been the subject of a number of other research reports. Wells Fargo & Company boosted their target price on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded Hercules Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, JMP Securities restated a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $21.40.
View Our Latest Report on Hercules Capital
Institutional Investors Weigh In On Hercules Capital
A number of institutional investors and hedge funds have recently added to or reduced their stakes in HTGC. Avior Wealth Management LLC increased its holdings in Hercules Capital by 177.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,152 shares during the last quarter. Estabrook Capital Management increased its holdings in Hercules Capital by 239.0% in the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 1,324 shares during the last quarter. Farther Finance Advisors LLC increased its holdings in Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 2,386 shares during the last quarter. Archer Investment Corp increased its holdings in shares of Hercules Capital by 345.4% in the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock worth $47,000 after acquiring an additional 1,803 shares in the last quarter. Finally, Quarry LP bought a new stake in shares of Hercules Capital in the fourth quarter worth about $48,000. Institutional investors own 19.69% of the company's stock.
Hercules Capital Stock Down 1.0 %
The firm has a fifty day simple moving average of $20.46 and a 200-day simple moving average of $19.67. The company has a market capitalization of $3.72 billion, a P/E ratio of 13.35 and a beta of 1.35. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89.
Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The company had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million. On average, equities research analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.
Hercules Capital Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be issued a $0.47 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 8.75%. Hercules Capital's dividend payout ratio (DPR) is currently 99.38%.
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.
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