Hercules Capital, Inc. (NYSE:HTGC) Receives Consensus Rating of “Hold” from Brokerages

Shares of Hercules Capital, Inc. (NYSE:HTGC) have received an average recommendation of “Hold” from the seven research firms that are presently covering the stock, Marketbeat reports. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year price target among analysts that have covered the stock in the last year is $18.56.

A number of equities analysts recently commented on HTGC shares. Wells Fargo & Company lifted their price objective on Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. JMP Securities lifted their price objective on Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a research report on Friday, May 3rd. Piper Sandler lifted their price objective on Hercules Capital from $21.00 to $21.50 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods lifted their price objective on Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a research report on Friday, May 3rd.

Hercules Capital Stock Performance

Shares of NYSE:HTGC opened at $20.89 on Wednesday. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.47 and a quick ratio of 2.47. The business’s 50 day moving average price is $19.62 and its 200-day moving average price is $18.39. The firm has a market capitalization of $3.39 billion, a PE ratio of 9.50 and a beta of 1.39. Hercules Capital has a 1 year low of $14.62 and a 1 year high of $20.93.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $121.55 million for the quarter, compared to analyst estimates of $121.86 million. Hercules Capital had a return on equity of 18.35% and a net margin of 69.98%. The business’s revenue was up 15.7% on a year-over-year basis. During the same period in the previous year, the company posted $0.47 earnings per share. As a group, equities research analysts expect that Hercules Capital will post 2.06 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were given a $0.48 dividend. The ex-dividend date was Monday, May 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.19%. Hercules Capital’s dividend payout ratio is currently 72.73%.

Insider Activity at Hercules Capital

In related news, Director Robert P. Badavas sold 13,300 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $19.69, for a total value of $261,877.00. Following the sale, the director now owns 4,234 shares in the company, valued at approximately $83,367.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Robert P. Badavas sold 1,700 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total transaction of $33,320.00. Following the completion of the transaction, the director now directly owns 4,234 shares of the company’s stock, valued at approximately $82,986.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Robert P. Badavas sold 13,300 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $19.69, for a total value of $261,877.00. Following the transaction, the director now directly owns 4,234 shares of the company’s stock, valued at $83,367.46. The disclosure for this sale can be found here. Company insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of HTGC. International Assets Investment Management LLC boosted its position in shares of Hercules Capital by 1,567.0% during the 4th quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock worth $22,433,000 after acquiring an additional 1,265,008 shares in the last quarter. Van ECK Associates Corp boosted its position in shares of Hercules Capital by 18.8% during the 4th quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock worth $40,254,000 after acquiring an additional 381,318 shares in the last quarter. Confluence Investment Management LLC acquired a new position in shares of Hercules Capital during the 1st quarter worth about $6,950,000. Global Assets Advisory LLC boosted its position in shares of Hercules Capital by 1,920.8% in the 1st quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock valued at $4,078,000 after purchasing an additional 210,112 shares during the period. Finally, Waterloo Capital L.P. acquired a new stake in shares of Hercules Capital in the 4th quarter valued at about $1,803,000. 19.69% of the stock is owned by institutional investors and hedge funds.

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.