BidaskClub lowered shares of Hercules Capital, Inc. (NYSE:HTGC) from a hold rating to a sell rating in a research report released on Tuesday.
HTGC has been the subject of several other research reports. Zacks Investment Research raised shares of Hercules Capital from a strong sell rating to a hold rating in a report on Tuesday, May 16th. Compass Point raised shares of Hercules Capital from a neutral rating to a buy rating and set a $13.00 target price for the company in a report on Friday, September 8th. Jefferies Group LLC reaffirmed a buy rating and set a $16.00 target price on shares of Hercules Capital in a report on Wednesday, August 16th. Keefe, Bruyette & Woods reaffirmed an outperform rating and set a $15.00 target price on shares of Hercules Capital in a report on Tuesday, July 4th. Finally, Wunderlich reaffirmed a hold rating on shares of Hercules Capital in a report on Tuesday, May 16th. Three 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’s stock. The stock currently has an average rating of Hold and a consensus target price of $14.94.
Hercules Capital (NYSE HTGC) opened at 12.13 on Tuesday. The firm has a market cap of $1.00 billion, a price-to-earnings ratio of 13.43 and a beta of 0.83. The stock’s 50 day moving average is $12.74 and its 200-day moving average is $13.73. Hercules Capital has a 12 month low of $11.64 and a 12 month high of $15.68.
Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The business had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. Hercules Capital’s revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.32 EPS. On average, analysts anticipate that Hercules Capital will post $1.17 earnings per share for the current fiscal year.
TRADEMARK VIOLATION NOTICE: This news story was reported by Ticker Report and is the property of of Ticker Report. If you are reading this news story on another publication, it was illegally stolen and republished in violation of United States & international copyright & trademark law. The correct version of this news story can be viewed at https://www.tickerreport.com/banking-finance/2888247/hercules-capital-inc-htgc-lowered-to-sell-at-bidaskclub.html.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 10.22%. The ex-dividend date was Thursday, August 10th. Hercules Capital’s dividend payout ratio is currently 134.78%.
A number of hedge funds and other institutional investors have recently bought and sold shares of HTGC. The Manufacturers Life Insurance Company boosted its holdings in Hercules Capital by 29.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 2,034 shares during the period. Cetera Investment Advisers bought a new stake in Hercules Capital in the 2nd quarter valued at about $138,000. Global X Management Co. LLC boosted its holdings in Hercules Capital by 50.0% in the 1st quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock valued at $139,000 after purchasing an additional 3,067 shares during the period. Eagle Global Advisors LLC bought a new stake in Hercules Capital in the 2nd quarter valued at about $154,000. Finally, Financial Counselors Inc. bought a new stake in Hercules Capital in the 2nd quarter valued at about $154,000. 44.64% of the stock is owned by hedge funds and other institutional investors.
About Hercules Capital
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.
Receive News & Ratings for Hercules Capital Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital Inc. and related companies with MarketBeat.com's FREE daily email newsletter.