Hercules Capital Inc (HTGC) Receives Consensus Rating of “Hold” from Analysts

Shares of Hercules Capital Inc (NYSE:HTGC) have received an average recommendation of “Hold” from the eight analysts that are currently covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $13.55.

Several equities analysts recently commented on HTGC shares. Wells Fargo & Co lowered Hercules Capital from an “outperform” rating to a “market perform” rating and upped their target price for the company from $12.75 to $13.25 in a research note on Monday, May 6th. They noted that the move was a valuation call. Compass Point lowered Hercules Capital from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 12th. Keefe, Bruyette & Woods lowered Hercules Capital from an “outperform” rating to a “market perform” rating and dropped their target price for the company from $14.00 to $11.50 in a research note on Wednesday, March 13th. Zacks Investment Research lowered Hercules Capital from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Finally, B. Riley upgraded Hercules Capital from a “neutral” rating to a “buy” rating and upped their target price for the company from $11.50 to $15.00 in a research note on Friday, May 3rd.

Hedge funds have recently bought and sold shares of the business. CIBC Private Wealth Group LLC grew its position in Hercules Capital by 4.9% during the fourth quarter. CIBC Private Wealth Group LLC now owns 201,061 shares of the financial services provider’s stock valued at $2,223,000 after acquiring an additional 9,371 shares during the period. Great West Life Assurance Co. Can boosted its position in shares of Hercules Capital by 10.7% in the fourth quarter. Great West Life Assurance Co. Can now owns 28,615 shares of the financial services provider’s stock worth $305,000 after buying an additional 2,767 shares during the period. Dean Capital Investments Management LLC boosted its position in shares of Hercules Capital by 12.6% in the fourth quarter. Dean Capital Investments Management LLC now owns 47,728 shares of the financial services provider’s stock worth $527,000 after buying an additional 5,340 shares during the period. Delphi Management Inc. MA boosted its position in shares of Hercules Capital by 72.1% in the fourth quarter. Delphi Management Inc. MA now owns 168,857 shares of the financial services provider’s stock worth $1,866,000 after buying an additional 70,760 shares during the period. Finally, Monarch Partners Asset Management LLC boosted its position in shares of Hercules Capital by 145.0% in the fourth quarter. Monarch Partners Asset Management LLC now owns 733,428 shares of the financial services provider’s stock worth $8,104,000 after buying an additional 434,050 shares during the period. 36.01% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital stock traded down $0.03 during trading on Friday, hitting $13.34. The company’s stock had a trading volume of 308,100 shares, compared to its average volume of 740,034. The firm has a market capitalization of $1.30 billion, a P/E ratio of 11.21 and a beta of 1.02. Hercules Capital has a 1-year low of $10.57 and a 1-year high of $14.17. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.09.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). The business had revenue of $58.80 million during the quarter, compared to analyst estimates of $59.36 million. Hercules Capital had a net margin of 60.65% and a return on equity of 11.71%. The business’s revenue for the quarter was up 20.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.34 earnings per share. As a group, equities analysts predict that Hercules Capital will post 1.32 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date is Friday, May 10th. This is an increase from Hercules Capital’s previous quarterly dividend of $0.31. Hercules Capital’s payout ratio is 107.56%.

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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Analyst Recommendations for Hercules Capital (NYSE:HTGC)

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