B. Riley set a $15.00 target price on Hercules Capital (NYSE:HTGC) in a report published on Friday morning. The firm currently has a buy rating on the financial services provider’s stock.
A number of other analysts also recently commented on HTGC. JMP Securities boosted their target price on Hercules Capital from $14.00 to $14.50 and gave the stock a market outperform rating in a research report on Thursday, August 16th. Wedbush boosted their target price on Hercules Capital from $13.75 to $15.00 and gave the stock an outperform rating in a research report on Monday, August 6th. Zacks Investment Research downgraded Hercules Capital from a buy rating to a sell rating in a research report on Monday, October 8th. ValuEngine upgraded Hercules Capital from a sell rating to a hold rating in a research report on Thursday, July 19th. Finally, Compass Point set a $14.00 price target on Hercules Capital and gave the stock a buy rating in a report on Friday, August 3rd. Two equities research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Hercules Capital presently has a consensus rating of Buy and a consensus price target of $14.57.
Hercules Capital stock opened at $12.46 on Friday. The company has a current ratio of 2.86, a quick ratio of 2.86 and a debt-to-equity ratio of 0.71. Hercules Capital has a 1-year low of $11.55 and a 1-year high of $13.97. The company has a market capitalization of $1.20 billion, a P/E ratio of 10.74, a price-to-earnings-growth ratio of 10.19 and a beta of 0.87.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.31. Hercules Capital had a return on equity of 11.60% and a net margin of 55.71%. The firm had revenue of $52.60 million for the quarter, compared to the consensus estimate of $54.37 million. During the same period in the previous year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was up 14.7% compared to the same quarter last year. On average, equities analysts anticipate that Hercules Capital will post 1.22 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Monday, November 19th. Stockholders of record on Monday, November 12th will be issued a $0.31 dividend. The ex-dividend date is Thursday, November 8th. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.95%. Hercules Capital’s dividend payout ratio (DPR) is 106.90%.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in HTGC. Granite Investment Partners LLC acquired a new position in shares of Hercules Capital in the second quarter worth $14,788,000. Northpointe Capital LLC acquired a new position in Hercules Capital in the second quarter valued at $14,128,000. Centaurus Financial Inc. grew its position in Hercules Capital by 299.8% during the second quarter. Centaurus Financial Inc. now owns 580,432 shares of the financial services provider’s stock valued at $7,342,000 after acquiring an additional 435,247 shares during the period. Monarch Partners Asset Management LLC purchased a new stake in Hercules Capital during the second quarter valued at about $2,861,000. Finally, CNO Financial Group Inc. grew its position in Hercules Capital by 55.2% during the second quarter. CNO Financial Group Inc. now owns 379,367 shares of the financial services provider’s stock valued at $4,799,000 after acquiring an additional 135,000 shares during the period. 37.22% of the stock is owned by institutional investors.
Hercules Capital Company Profile
Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company 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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