Hercules Capital (NYSE:HTGC) Announces Quarterly Earnings Results

Hercules Capital (NYSE:HTGC) announced its earnings results on Thursday. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02, Briefing.com reports. Hercules Capital had a return on equity of 18.91% and a net margin of 69.98%. The firm had revenue of $121.55 million during the quarter, compared to analyst estimates of $121.86 million. During the same quarter in the prior year, the company earned $0.47 EPS. The business’s revenue was up 15.7% compared to the same quarter last year.

Hercules Capital Stock Performance

Hercules Capital stock traded up $0.13 during midday trading on Friday, hitting $19.43. The stock had a trading volume of 1,369,561 shares, compared to its average volume of 744,423. Hercules Capital has a 52-week low of $12.40 and a 52-week high of $19.70. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. The company has a market capitalization of $3.15 billion, a PE ratio of 8.83 and a beta of 1.32. The firm’s fifty day moving average is $18.41 and its two-hundred day moving average is $17.16.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.88%. The ex-dividend date is Monday, May 13th. Hercules Capital’s dividend payout ratio (DPR) is currently 72.73%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Piper Sandler lifted their price target on Hercules Capital from $21.00 to $21.50 and gave the stock an “overweight” rating in a research report on Friday. Keefe, Bruyette & Woods increased their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Friday. Wells Fargo & Company boosted their price objective on shares of Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a report on Friday. Compass Point cut Hercules Capital from a “buy” rating to a “neutral” rating and increased their price objective for the company from $17.00 to $17.50 in a research report on Tuesday, January 16th. Finally, JMP Securities boosted their target price on Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a research report on Friday. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $18.56.

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.