Hercules Capital Inc (NYSE:HTGC) Receives $12.81 Average Target Price from Analysts

Hercules Capital Inc (NYSE:HTGC) has been assigned an average recommendation of “Hold” from the eight research firms that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating and six have given a hold rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $12.81.

HTGC has been the subject of a number of research reports. ValuEngine downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. Zacks Investment Research downgraded Hercules Capital from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. TheStreet downgraded Hercules Capital from a “b-” rating to a “c+” rating in a research note on Monday, July 1st. B. Riley downgraded Hercules Capital from a “buy” rating to a “neutral” rating in a research note on Friday, May 17th. Finally, Compass Point set a $13.00 target price on Hercules Capital and gave the company a “hold” rating in a research note on Tuesday, July 2nd.

Hercules Capital stock traded down $0.03 during midday trading on Friday, hitting $13.02. The stock had a trading volume of 5,918 shares, compared to its average volume of 592,842. The company has a current ratio of 1.31, a quick ratio of 1.31 and a debt-to-equity ratio of 0.98. The stock has a market cap of $1.36 billion, a P/E ratio of 10.94 and a beta of 0.87. Hercules Capital has a 12 month low of $10.57 and a 12 month high of $14.17. The business has a fifty day moving average price of $12.94 and a 200 day moving average price of $12.96.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.36 EPS for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. Hercules Capital had a return on equity of 12.25% and a net margin of 53.97%. The company had revenue of $69.26 million during the quarter, compared to the consensus estimate of $63.07 million. During the same period in the previous year, the firm posted $0.29 earnings per share. Hercules Capital’s quarterly revenue was up 39.7% compared to the same quarter last year. On average, equities analysts anticipate that Hercules Capital will post 1.34 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were given a dividend of $0.32 per share. The ex-dividend date was Friday, August 9th. This is an increase from Hercules Capital’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 9.83%. Hercules Capital’s payout ratio is currently 107.56%.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Northern Trust Corp raised its stake in shares of Hercules Capital by 11.0% during the 4th quarter. Northern Trust Corp now owns 207,170 shares of the financial services provider’s stock worth $2,289,000 after buying an additional 20,584 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Hercules Capital by 16.7% during the 4th quarter. Bank of America Corp DE now owns 29,074 shares of the financial services provider’s stock worth $321,000 after buying an additional 4,169 shares in the last quarter. Eagle Global Advisors LLC purchased a new position in shares of Hercules Capital during the 1st quarter worth approximately $152,000. A. D. Beadell Investment Counsel Inc. raised its stake in shares of Hercules Capital by 100.1% during the 1st quarter. A. D. Beadell Investment Counsel Inc. now owns 173,390 shares of the financial services provider’s stock worth $2,195,000 after buying an additional 86,725 shares in the last quarter. Finally, Gilman Hill Asset Management LLC raised its stake in shares of Hercules Capital by 13.3% during the 1st quarter. Gilman Hill Asset Management LLC now owns 376,870 shares of the financial services provider’s stock worth $4,771,000 after buying an additional 44,136 shares in the last quarter. Institutional investors and hedge funds own 31.23% of the company’s stock.

About Hercules Capital

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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