Ladenburg Thalmann Financial Services assumed coverage on shares of Hercules Capital (NYSE:HTGC) in a research note released on Monday, November 20th, Marketbeat.com reports. The firm issued a buy rating and a $14.50 price target on the financial services provider’s stock.
A number of other research firms also recently issued reports on HTGC. B. Riley reissued a buy rating on shares of Hercules Capital in a research report on Friday, November 3rd. Raymond James Financial reaffirmed an underperform rating on shares of Hercules Capital in a research report on Friday, August 4th. BidaskClub downgraded Hercules Capital from a buy rating to a hold rating in a research report on Sunday, July 30th. FBR & Co began coverage on Hercules Capital in a research report on Monday, October 2nd. They set a buy rating and a $14.00 price objective on the stock. Finally, ValuEngine raised Hercules Capital from a hold rating to a buy rating in a research report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have assigned a buy rating to the company. Hercules Capital currently has a consensus rating of Buy and an average target price of $14.36.
Hercules Capital (NYSE HTGC) traded down $0.01 during mid-day trading on Monday, reaching $13.10. The company’s stock had a trading volume of 331,383 shares, compared to its average volume of 488,105. The company has a debt-to-equity ratio of 0.87, a quick ratio of 8.34 and a current ratio of 8.34. Hercules Capital has a twelve month low of $11.64 and a twelve month high of $15.68. The stock has a market capitalization of $1,102.53, a price-to-earnings ratio of 10.00, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87.
Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.29. Hercules Capital had a return on equity of 12.93% and a net margin of 39.73%. The business had revenue of $45.90 million for the quarter, compared to analyst estimates of $46.22 million. During the same quarter last year, the firm posted $0.32 earnings per share. The business’s revenue was up 1.8% compared to the same quarter last year. equities research analysts forecast that Hercules Capital will post 1.16 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 9.47%. The ex-dividend date was Friday, November 10th. Hercules Capital’s payout ratio is 136.26%.
Several large investors have recently made changes to their positions in the company. Muzinich & Co. Inc. raised its stake in shares of Hercules Capital by 9.1% in the second quarter. Muzinich & Co. Inc. now owns 3,957,236 shares of the financial services provider’s stock worth $52,394,000 after purchasing an additional 330,564 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Hercules Capital by 2.1% in the third quarter. Principal Financial Group Inc. now owns 3,019,307 shares of the financial services provider’s stock worth $38,948,000 after purchasing an additional 61,716 shares during the last quarter. Wells Fargo & Company MN raised its position in Hercules Capital by 6.7% during the third quarter. Wells Fargo & Company MN now owns 1,381,572 shares of the financial services provider’s stock valued at $17,822,000 after acquiring an additional 86,250 shares in the last quarter. Northpointe Capital LLC raised its position in Hercules Capital by 23.9% during the third quarter. Northpointe Capital LLC now owns 825,985 shares of the financial services provider’s stock valued at $10,655,000 after acquiring an additional 159,343 shares in the last quarter. Finally, Ares Management LLC raised its position in Hercules Capital by 654.8% during the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock valued at $10,117,000 after acquiring an additional 662,950 shares in the last quarter. Hedge funds and other institutional investors own 38.97% of the company’s stock.
About Hercules Capital
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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