Hercules Capital, Inc. (NYSE:HTGC) Receives Average “Buy” Rating from Brokerages
Hercules Capital, Inc. (NYSE: HTGC) received an average “Buy” rating from the seven research firms that currently cover the company, Marketbeat.com reports. An equity research analyst rated the stock with a sell recommendation and five gave the company a buy recommendation. The 1-year average price target among brokers who have hedged the stock over the past year is $18.46.
A number of equity research analysts have recently released reports on HTGC shares. Wedbush reaffirmed an “outperform” rating and set a target price of $18.75 on Hercules Capital shares in a Monday, Nov. 1 research report. Compass Point reiterated a “buy” rating and set a price target of $18.50 on shares of Hercules Capital in a Monday, Nov. 1, report. Oppenheimer reiterated an “outperform” rating and set a price target of $18.00 on Hercules Capital shares in a Monday, Nov. 1, report. Finally, Royal Bank of Canada reiterated an “outperform” rating and set a price target of $19.00 for Hercules Capital shares in a report released on Monday, November 1.
Several large investors have recently increased or reduced their stake in the company. Sei Investments Co. increased its position in Hercules Capital by 11.8% during the second quarter. Sei Investments Co. now owns 19,408 shares of the financial services provider worth $329,000 after acquiring 2,048 additional shares during the period. BNP Paribas Arbitrage SA increased its position in Hercules Capital by 610.6% during the second quarter. BNP Paribas Arbitrage SA now owns 47,373 shares of the financial services provider worth $808,000 after acquiring an additional 40,706 shares during the period. Skandinaviska Enskilda Banken AB publ bought a new position in Hercules Capital during the second quarter worth $2,039,000. Cambridge Investment Research Advisors Inc. increased its position in Hercules Capital by 8.8% during the second quarter. Cambridge Investment Research Advisors Inc. now owns 84,370 shares of the financial services provider worth $1,439,000 after acquiring an additional 6,830 shares during the period. Finally, Virtus ETF Advisers LLC increased its position in Hercules Capital by 28.5% during the second quarter. Virtus ETF Advisers LLC now owns 33,252 shares of the financial services provider worth $567,000 after acquiring an additional 7,373 shares during the period. 26.36% of the shares are currently held by institutional investors.
Shares of HTGC were down $0.10 at midday Friday, hitting $17.63. The stock recorded a trading volume of 1,850,276 shares, compared to an average volume of 1,335,514 shares. Hercules Capital has a 52-week low of $14.48 and a 52-week high of $18.20. The company has a debt ratio of 1.05, a current ratio of 7.20 and a quick ratio of 7.20. The company’s 50-day moving average price is $16.75 and its 200-day moving average price is $16.98. The company has a market capitalization of $2.04 billion, a P/E ratio of 6.51, a P/E/G ratio of 0.52 and a beta of 1.51.
Hercules Capital Inc (NYSE:HTGC) last released quarterly earnings data on Thursday, October 28. The financial services provider reported EPS of $0.33 for the quarter, beating the Zacks consensus estimate of $0.32 by $0.01. Hercules Capital posted a return on equity of 11.45% and a net margin of 113.31%. The company posted revenue of $70.19 million for the quarter, versus a consensus estimate of $71.13 million. In the same quarter of the previous year, the company achieved EPS of $0.34. The company’s quarterly revenue decreased 0.2% from the same quarter last year. On average, equity analysts expect Hercules Capital to post 1.28 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Wednesday, November 17. Shareholders of record on Wednesday, November 10 received a dividend of $0.33. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.32. The ex-dividend date was Tuesday, November 9. This represents a dividend of $1.32 on an annualized basis and a dividend yield of 7.49%. Hercules Capital’s dividend payout ratio (DPR) is currently 48.71%.
About Hercules Capital
Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a highly diverse variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that fit seamlessly into a company’s existing capital structure and match its business goals.
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