Hercules Capital (NYSE:HTGC) Reaches New 1-Year High at $18.90

Hercules Capital, Inc. (NYSE:HTGC)’s stock price reached a new 52-week high during trading on Tuesday . The company traded as high as $18.90 and last traded at $18.84, with a volume of 256866 shares trading hands. The stock had previously closed at $18.69.

Analyst Ratings Changes

A number of equities analysts have recently commented on the stock. Compass Point lowered shares of Hercules Capital from a “buy” rating to a “neutral” rating and lifted their price target for the company from $17.00 to $17.50 in a research report on Tuesday, January 16th. JMP Securities lifted their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 26th. Wells Fargo & Company lifted their price target on shares of Hercules Capital from $17.00 to $18.00 and gave the company an “overweight” rating in a research report on Monday, January 29th. Piper Sandler lifted their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $18.00.

Hercules Capital Stock Up 0.5 %

The company has a market capitalization of $3.07 billion, a price-to-earnings ratio of 8.20 and a beta of 1.34. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.86. The business has a fifty day simple moving average of $18.31 and a two-hundred day simple moving average of $17.02.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, February 15th. The financial services provider reported $0.56 EPS for the quarter, topping the consensus estimate of $0.50 by $0.06. The business had revenue of $122.60 million for the quarter, compared to the consensus estimate of $117.48 million. Hercules Capital had a return on equity of 18.60% and a net margin of 73.26%. Hercules Capital’s revenue was up 22.4% compared to the same quarter last year. During the same period in the previous year, the business earned $0.47 EPS. Equities analysts expect that Hercules Capital, Inc. will post 2.05 EPS for the current year.

Hercules Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 28th were issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.13%. The ex-dividend date was Tuesday, February 27th. Hercules Capital’s payout ratio is currently 69.26%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. NBC Securities Inc. boosted its holdings in shares of Hercules Capital by 154.8% in the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,594 shares in the last quarter. Principal Securities Inc. bought a new position in Hercules Capital in the 4th quarter worth approximately $53,000. Signaturefd LLC raised its position in Hercules Capital by 30.4% in the 4th quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 789 shares during the last quarter. Cape Investment Advisory Inc. bought a new position in Hercules Capital in the 4th quarter worth approximately $56,000. Finally, Nomura Asset Management Co. Ltd. raised its position in Hercules Capital by 133.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 3,786 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 2,164 shares during the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

About Hercules Capital

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.