Hercules Capital (NYSE:HTGC – Get Rating) had its price objective decreased by Piper Sandler from $16.00 to $13.00 in a report released on Monday morning, The Fly reports. Piper Sandler currently has a neutral rating on the financial services provider's stock.
Several other brokerages have also commented on HTGC. Compass Point cut their price target on shares of Hercules Capital to $15.75 in a research note on Tuesday, August 9th. Oppenheimer lowered shares of Hercules Capital from an outperform rating to a market perform rating and cut their price target for the stock from $18.00 to $15.00 in a research note on Friday, July 29th. StockNews.com lowered shares of Hercules Capital from a hold rating to a sell rating in a research note on Monday, June 20th. TheStreet lowered shares of Hercules Capital from a b rating to a c- rating in a research note on Monday, July 11th. Finally, JMP Securities dropped their price objective on shares of Hercules Capital from $19.00 to $18.00 and set a market outperform rating on the stock in a research note on Monday, August 1st. One research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Hercules Capital currently has a consensus rating of Hold and an average price target of $17.06.
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Hercules Capital Price Performance
Shares of HTGC opened at $11.61 on Monday. Hercules Capital has a twelve month low of $11.16 and a twelve month high of $19.09. The firm's fifty day simple moving average is $14.25 and its 200-day simple moving average is $15.12. The firm has a market capitalization of $1.48 billion, a price-to-earnings ratio of 105.56 and a beta of 1.38. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.13.
Hercules Capital (NYSE:HTGC – Get Rating) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.33 by ($0.01). Hercules Capital had a net
margin of 4.86% and a return on equity of 11.63%. The firm had revenue of $72.12 million during the quarter, compared to analyst estimates of $72.41 million. During the same quarter in the previous year, the business posted $0.32 earnings per share. Hercules Capital's revenue for the quarter was up 3.7% compared to the same quarter last year. Equities analysts forecast that Hercules Capital will post 1.35 EPS for the current fiscal year.
Hercules Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 16th. Stockholders of record on Tuesday, August 9th were issued a $0.50 dividend. This is an increase from Hercules Capital's previous quarterly dividend of $0.33. The ex-dividend date was Monday, August 8th. This represents a $2.00 annualized dividend and a dividend yield of 17.23%. Hercules Capital's payout ratio is presently 1,272.84%.
Institutional Trading of Hercules Capital
Several hedge funds and other institutional investors have recently made changes to their positions in the company. BDO Wealth Advisors LLC boosted its holdings in shares of Hercules Capital by 76.4% in the second quarter. BDO Wealth Advisors LLC now owns 2,217 shares of the financial services provider's stock valued at $30,000 after acquiring an additional 960 shares in the last quarter. Prelude Capital Management LLC boosted its holdings in shares of Hercules Capital by 10.0% in the second quarter. Prelude Capital Management LLC now owns 27,084 shares of the financial services provider's stock valued at $365,000 after acquiring an additional 2,451 shares in the last quarter. Captrust Financial Advisors purchased a new stake in shares of Hercules Capital in the second quarter valued at about $310,000. Legal & General Group Plc boosted its holdings in shares of Hercules Capital by 12.9% in the second quarter. Legal & General Group Plc now owns 717,843 shares of the financial services provider's stock valued at $9,680,000 after acquiring an additional 82,255 shares in the last quarter. Finally, Goldman Sachs Group Inc. boosted its holdings in shares of Hercules Capital by 86.1% in the second quarter. Goldman Sachs Group Inc. now owns 283,683 shares of the financial services provider's stock valued at $3,827,000 after acquiring an additional 131,217 shares in the last quarter. Hedge funds and other institutional investors own 23.79% of the company's stock.
About Hercules Capital
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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.
Further Reading
- Get a free copy of the StockNews.com research report on Hercules Capital (HTGC)
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