Hercules Tech. Price Target Increased to $14.00 by Analysts at RBC Capital (HTGC)
Hercules Tech. traded up 0.63% on Monday, hitting $12.72. Hercules Tech. has a 52-week low of $9.30 and a 52-week high of $12.80. The stock’s 50-day moving average is currently $12.17. The company has a market cap of $673.2 million and a price-to-earnings ratio of 13.59.
Hercules Tech. last posted its quarterly earnings results on Thursday, February 28th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.02. The company had revenue of $27.40 million for the quarter, compared to the consensus estimate of $26.21 million. During the same quarter last year, the company posted $0.25 earnings per share. Hercules Tech.’s revenue was up 29.9% compared to the same quarter last year. On average, analysts predict that Hercules Tech. will post $1.09 earnings per share for the current fiscal year.
Several other analysts have also recently commented on the stock. Analysts at Raymond James raised their price target on shares of Hercules Tech. from $12.00 to $13.50 in a research note to investors on Monday. Separately, analysts at KBW raised their price target on shares of Hercules Tech. from $13.50 to $14.00 in a research note to investors on Monday. Finally, analysts at JMP Securities raised their price target on shares of Hercules Tech. from $12.50 to $13.50 in a research note to investors on Friday.
Seven research analysts have rated the stock with a buy rating, two have assigned an overweight rating, and one has issued a sell rating to the stock. The stock presently has an average rating of “overweight” and an average price target of $13.00.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, March 19th. Stockholders of record on Monday, March 11th will be given a dividend of $0.25 per share. This represents a $1.00 dividend on an annualized basis and a yield of 7.86%. The ex-dividend date of this dividend is Thursday, March 7th. This is a boost from Hercules Tech.’s previous quarterly dividend of $0.24.
Hercules Technology Growth Capital, Inc. (HTGC) is a specialty finance company that provides debt and equity growth capital to technology-related companies at all stages of development from seed and emerging growth to expansion and established stages of development, which include select publicly listed companies and lower middle market companies.
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