A number of other brokerages have also recently commented on HTGC. Wells Fargo & Co cut shares of Hercules Capital from an outperform rating to a market perform rating and raised their price target for the stock from $12.75 to $13.25 in a research note on Monday, May 6th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Hercules Capital from a buy rating to a hold rating in a report on Monday, May 6th. B. Riley lowered shares of Hercules Capital from a buy rating to a neutral rating in a report on Friday, May 17th. Compass Point set a $13.00 price objective on shares of Hercules Capital and gave the stock a hold rating in a report on Tuesday, July 2nd. Finally, TheStreet lowered shares of Hercules Capital from a b- rating to a c+ rating in a report on Monday, July 1st. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and one has given a buy rating to the stock. The company presently has an average rating of Hold and a consensus price target of $13.54.
Shares of NYSE HTGC traded down $0.38 during mid-day trading on Thursday, hitting $12.94. The company had a trading volume of 820,540 shares, compared to its average volume of 425,721. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.66 and a current ratio of 1.66. The firm’s 50-day moving average price is $12.89. Hercules Capital has a 12 month low of $10.57 and a 12 month high of $14.17. The company has a market cap of $1.37 billion, a price-to-earnings ratio of 10.87 and a beta of 0.87.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 19th. Stockholders of record on Monday, August 12th will be issued a dividend of $0.32 per share. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.31. The ex-dividend date is Friday, August 9th. This represents a $1.28 annualized dividend and a dividend yield of 9.90%. Hercules Capital’s dividend payout ratio (DPR) is presently 107.56%.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Sigma Planning Corp increased its holdings in shares of Hercules Capital by 265.1% during the second quarter. Sigma Planning Corp now owns 37,464 shares of the financial services provider’s stock worth $480,000 after buying an additional 27,202 shares in the last quarter. Greenwich Investment Management Inc. grew its holdings in Hercules Capital by 38.2% during the 2nd quarter. Greenwich Investment Management Inc. now owns 174,455 shares of the financial services provider’s stock worth $2,237,000 after acquiring an additional 48,200 shares during the period. Stephens Inc. AR grew its holdings in Hercules Capital by 6.5% during the 2nd quarter. Stephens Inc. AR now owns 23,516 shares of the financial services provider’s stock worth $301,000 after acquiring an additional 1,440 shares during the period. Wedbush Securities Inc. acquired a new stake in Hercules Capital during the 2nd quarter worth $175,000. Finally, Aperio Group LLC grew its holdings in Hercules Capital by 16.0% during the 2nd quarter. Aperio Group LLC now owns 48,510 shares of the financial services provider’s stock worth $622,000 after acquiring an additional 6,677 shares during the period. 31.01% of the stock is owned by institutional investors.
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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