Hercules Capital Inc (NYSE:HTGC) Announces $0.03 Quarterly Dividend

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Hercules Capital Inc (NYSE:HTGC) announced a quarterly dividend on Tuesday, October 29th, Fidelity reports. Stockholders of record on Monday, November 11th will be given a dividend of 0.03 per share by the financial services provider on Monday, November 18th. This represents a $0.12 annualized dividend and a dividend yield of 0.83%. The ex-dividend date of this dividend is Thursday, November 7th.

Shares of NYSE HTGC traded up $0.12 during mid-day trading on Tuesday, hitting $14.48. 650,454 shares of the stock were exchanged, compared to its average volume of 442,412. The company has a market cap of $1.49 billion, a P/E ratio of 12.17 and a beta of 0.86. The stock’s fifty day simple moving average is $13.47 and its two-hundred day simple moving average is $13.13. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.49. Hercules Capital has a twelve month low of $10.57 and a twelve month high of $14.45.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.37 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. The company had revenue of $69.24 million during the quarter, compared to analyst estimates of $68.08 million. Hercules Capital had a net margin of 44.00% and a return on equity of 12.94%. The company’s revenue was up 31.6% on a year-over-year basis. During the same quarter last year, the business posted $0.31 earnings per share. As a group, equities research analysts predict that Hercules Capital will post 1.38 earnings per share for the current fiscal year.

Several research firms have recently weighed in on HTGC. ValuEngine lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a report on Thursday, August 1st. JMP Securities set a $15.00 price target on shares of Hercules Capital and gave the company a “buy” rating in a research note on Friday. TheStreet raised shares of Hercules Capital from a “c+” rating to a “b” rating in a research note on Monday, September 16th. Finally, Wells Fargo & Co raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating in a research note on Monday. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. Hercules Capital has a consensus rating of “Hold” and an average target price of $13.61.

Hercules Capital Company Profile

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.

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Dividend History for Hercules Capital (NYSE:HTGC)

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