Hercules Capital, Inc. (NYSE:HTGC - Get Free Report) shares gapped down prior to trading on Wednesday . The stock had previously closed at $19.97, but opened at $19.31. Hercules Capital shares last traded at $19.00, with a volume of 946,007 shares trading hands.
Analyst Upgrades and Downgrades
A number of equities analysts have weighed in on HTGC shares. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $19.50 to $21.50 in a report on Thursday, December 12th. JMP Securities reiterated a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a report on Friday, February 14th. Finally, Compass Point lifted their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $21.40.
Check Out Our Latest Research Report on HTGC
Hercules Capital Price Performance
The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of 11.73 and a beta of 1.38. The company's fifty day moving average is $20.61 and its two-hundred day moving average is $19.80.
Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. Equities research analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current year.
Hercules Capital Cuts Dividend
The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were issued a dividend of $0.47 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 9.95%. Hercules Capital's payout ratio is 99.38%.
Hedge Funds Weigh In On Hercules Capital
Several hedge funds and other institutional investors have recently made changes to their positions in HTGC. Rockefeller Capital Management L.P. lifted its holdings in Hercules Capital by 0.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 138,364 shares of the financial services provider's stock worth $2,780,000 after buying an additional 496 shares in the last quarter. Morse Asset Management Inc lifted its holdings in Hercules Capital by 1.7% in the 3rd quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider's stock worth $685,000 after buying an additional 600 shares in the last quarter. Naples Global Advisors LLC lifted its holdings in Hercules Capital by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider's stock worth $1,251,000 after buying an additional 600 shares in the last quarter. Sand Hill Global Advisors LLC lifted its holdings in Hercules Capital by 2.5% in the 4th quarter. Sand Hill Global Advisors LLC now owns 27,417 shares of the financial services provider's stock worth $551,000 after buying an additional 665 shares in the last quarter. Finally, Captrust Financial Advisors lifted its holdings in Hercules Capital by 3.7% in the 3rd quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider's stock worth $417,000 after buying an additional 763 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.
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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