Hercules Capital, Inc. (NYSE:HTGC - Get Free Report) 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 changing hands.
Analyst Ratings Changes
A number of research analysts recently commented on the stock. Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and increased their target price for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Compass Point increased their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued 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.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $21.40.
Get Our Latest Research Report on Hercules Capital
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 company has a market capitalization of $3.27 billion, a PE ratio of 11.73 and a beta of 1.38. The company's 50-day simple moving average is $20.61 and its 200-day simple moving average is $19.81.
Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data 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 net margin of 53.28% and a return on equity of 17.19%. The company had revenue of $121.78 million for the quarter, compared to the consensus estimate of $124.09 million. As a group, sell-side analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.
Hercules Capital Cuts Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.95%. The ex-dividend date of this dividend was Wednesday, February 26th. Hercules Capital's payout ratio is currently 99.38%.
Institutional Inflows and Outflows
Several hedge funds and other institutional investors have recently bought and sold shares of the business. Rockefeller Capital Management L.P. boosted its holdings in shares of Hercules Capital by 0.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 138,364 shares of the financial services provider's stock valued at $2,780,000 after acquiring an additional 496 shares in the last quarter. Morse Asset Management Inc boosted its holdings in shares of Hercules Capital by 1.7% in the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider's stock valued at $685,000 after acquiring an additional 600 shares in the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Hercules Capital by 1.0% in the fourth quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider's stock valued at $1,251,000 after acquiring an additional 600 shares in the last quarter. Sand Hill Global Advisors LLC boosted its holdings in shares of Hercules Capital by 2.5% in the fourth quarter. Sand Hill Global Advisors LLC now owns 27,417 shares of the financial services provider's stock valued at $551,000 after acquiring an additional 665 shares in the last quarter. Finally, Captrust Financial Advisors boosted its holdings in shares of Hercules Capital by 3.7% in the third quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider's stock valued at $417,000 after acquiring an additional 763 shares in the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.
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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