Hercules Capital (NYSE:HTGC) Price Target Raised to $19.00
A number of other analysts have also recently commented on the stock. Keefe, Bruyette & Woods cut their price target on shares of Hercules Capital from $21.50 to $20.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Piper Sandler cut their price target on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company cut their price target on shares of Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.08.
Check Out Our Latest Stock Analysis on Hercules Capital
Hercules Capital stock opened at $19.33 on Wednesday. The stock has a market capitalization of $3.39 billion, a PE ratio of 14.53 and a beta of 0.93. Hercules Capital has a twelve month low of $15.65 and a twelve month high of $22.04. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.99. The company has a 50 day moving average of $18.10 and a 200-day moving average of $18.91.
Hercules Capital (NYSE:HTGC – Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Hercules Capital had a return on equity of 16.84% and a net margin of 45.23%. The business had revenue of $102.10 million for the quarter, compared to analyst estimates of $125.43 million. During the same quarter in the previous year, the company posted $0.50 EPS. The business’s revenue for the quarter was down 1.6% compared to the same quarter last year. On average, equities research analysts anticipate that Hercules Capital will post 1.96 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 8.28%. The ex-dividend date of this dividend was Tuesday, May 13th. Hercules Capital’s dividend payout ratio is 120.30%.
In other news, Director Nikos Theodosopoulos bought 5,999 shares of the firm’s stock in a transaction on Thursday, May 8th. The shares were purchased at an average cost of $17.49 per share, with a total value of $104,922.51. Following the acquisition, the director directly owned 11,960 shares in the company, valued at $209,180.40. This represents a 100.64% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 1.90% of the company’s stock.
Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Naples Global Advisors LLC grew its holdings in shares of Hercules Capital by 9.1% during the 2nd quarter. Naples Global Advisors LLC now owns 69,924 shares of the financial services provider’s stock valued at $1,278,000 after purchasing an additional 5,850 shares during the last quarter. Union Bancaire Privee UBP SA boosted its position in Hercules Capital by 5.1% during the 2nd quarter. Union Bancaire Privee UBP SA now owns 35,781 shares of the financial services provider’s stock worth $654,000 after buying an additional 1,731 shares during the period. Taylor Frigon Capital Management LLC boosted its position in Hercules Capital by 32.2% during the 2nd quarter. Taylor Frigon Capital Management LLC now owns 151,535 shares of the financial services provider’s stock worth $2,770,000 after buying an additional 36,871 shares during the period. Alpine Bank Wealth Management acquired a new stake in Hercules Capital during the 2nd quarter worth approximately $33,000. Finally, Sound Income Strategies LLC boosted its position in Hercules Capital by 1.9% during the 2nd quarter. Sound Income Strategies LLC now owns 2,930,340 shares of the financial services provider’s stock worth $53,567,000 after buying an additional 55,885 shares during the period. 19.69% of the stock is owned by institutional investors.
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.
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