Hercules Capital, Inc. (HTGC) Downgraded to “Hold” at BidaskClub
BidaskClub lowered shares of Hercules Capital, Inc. (NYSE:HTGC) from a buy rating to a hold rating in a research note issued to investors on Thursday.
A number of other equities research analysts have also issued reports on the company. Jefferies Group LLC reissued a buy rating and set a $16.00 price target on shares of Hercules Capital in a research note on Friday, May 12th. Zacks Investment Research raised Hercules Capital from a strong sell rating to a hold rating in a research note on Tuesday, May 16th. Wunderlich lowered Hercules Capital from a buy rating to a hold rating and decreased their price target for the stock from $16.00 to $13.00 in a research note on Monday, May 8th. ValuEngine lowered Hercules Capital from a strong-buy rating to a buy rating in a research note on Friday, June 2nd. Finally, Keefe, Bruyette & Woods reissued an outperform rating and set a $15.00 price target on shares of Hercules Capital in a research note on Tuesday, July 4th. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average price target of $15.21.
Shares of Hercules Capital (HTGC) traded up 0.369% during trading on Thursday, hitting $12.245. The company had a trading volume of 58,388 shares. Hercules Capital has a 52 week low of $12.16 and a 52 week high of $15.68. The stock’s 50-day moving average price is $12.97 and its 200 day moving average price is $13.87. The company has a market capitalization of $1.01 billion, a P/E ratio of 13.560 and a beta of 0.82.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The firm had revenue of $48.45 million during the quarter, compared to analyst estimates of $48.25 million. During the same period last year, the company earned $0.32 EPS. Hercules Capital’s quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities research analysts forecast that Hercules Capital will post $1.17 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 10.16%. The ex-dividend date of this dividend was Thursday, August 10th. Hercules Capital’s dividend payout ratio (DPR) is presently 134.78%.
A number of large investors have recently modified their holdings of HTGC. The Manufacturers Life Insurance Company raised its stake in shares of Hercules Capital by 29.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after buying an additional 2,034 shares during the period. Cetera Investment Advisers purchased a new stake in shares of Hercules Capital during the second quarter worth $138,000. Global X Management Co. LLC raised its stake in shares of Hercules Capital by 50.0% in the first quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock worth $139,000 after buying an additional 3,067 shares during the period. Eagle Global Advisors LLC purchased a new stake in shares of Hercules Capital during the second quarter worth $154,000. Finally, Financial Counselors Inc. purchased a new stake in shares of Hercules Capital during the second quarter worth $154,000. 44.64% of the stock is owned by institutional investors and hedge funds.
Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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