BidaskClub lowered shares of Hercules Capital, Inc. (NYSE:HTGC) from a hold rating to a sell rating in a report issued on Tuesday morning.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Hercules Capital from a strong sell rating to a hold rating in a report on Tuesday, May 16th. ValuEngine lowered shares of Hercules Capital from a strong-buy rating to a buy rating in a report on Friday, June 2nd. Keefe, Bruyette & Woods restated an outperform rating and issued a $15.00 price objective on shares of Hercules Capital in a report on Tuesday, July 4th. Wunderlich restated a hold rating on shares of Hercules Capital in a report on Tuesday, May 16th. Finally, Raymond James Financial, Inc. restated an underperform rating on shares of Hercules Capital in a report on Friday, August 4th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The stock has an average rating of Hold and an average price target of $14.94.
Hercules Capital (NYSE HTGC) opened at 12.40 on Tuesday. Hercules Capital has a 12-month low of $11.64 and a 12-month high of $15.68. The firm has a 50-day moving average of $12.63 and a 200 day moving average of $13.67. The stock has a market capitalization of $1.03 billion, a price-to-earnings ratio of 13.73 and a beta of 0.83.
Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. The company had revenue of $48.45 million for the quarter, compared to analyst estimates of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The firm’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. On average, analysts predict that Hercules Capital will post $1.17 earnings per share for the current fiscal year.
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The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 14th were paid a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.24 annualized dividend and a yield of 10.00%. Hercules Capital’s dividend payout ratio is currently 134.78%.
Large investors have recently made changes to their positions in the stock. The Manufacturers Life Insurance Company raised its stake in Hercules Capital by 29.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 2,034 shares in the last quarter. Cetera Investment Advisers acquired a new stake in Hercules Capital during the 2nd quarter worth $138,000. Global X Management Co. LLC raised its stake in Hercules Capital by 50.0% during the 1st quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock worth $139,000 after acquiring an additional 3,067 shares in the last quarter. Eagle Global Advisors LLC acquired a new stake in Hercules Capital during the 2nd quarter worth $154,000. Finally, Financial Counselors Inc. acquired a new stake in Hercules Capital during the 2nd quarter worth $154,000. Hedge funds and other institutional investors own 44.64% of the company’s stock.
Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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