Hercules Capital, Inc. (HTGC) Lowered to Sell at BidaskClub

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.

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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.

Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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