Raymond James Financial, Inc. Reiterates “Underperform” Rating for Hercules Capital, Inc. (NYSE:HTGC)
Raymond James Financial, Inc. reissued their underperform rating on shares of Hercules Capital, Inc. (NYSE:HTGC) in a report published on Friday, Marketbeat reports.
Other research analysts have also issued reports about the stock. BidaskClub lowered shares of Hercules Capital from a strong-buy rating to a buy rating in a research note on Monday, July 24th. Jefferies Group LLC reaffirmed a buy rating and set a $16.00 price objective on shares of Hercules Capital in a research note on Friday, July 14th. ValuEngine lowered shares of Hercules Capital from a strong-buy rating to a buy rating in a research note on Friday, June 2nd. Wunderlich lowered shares of Hercules Capital from a buy rating to a hold rating and dropped their price objective for the stock from $16.00 to $13.00 in a research note on Monday, May 8th. Finally, Zacks Investment Research raised shares of Hercules Capital from a strong sell rating to a hold rating in a research note on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of Hold and a consensus target price of $15.21.
Hercules Capital (NYSE:HTGC) traded up 3.326% during midday trading on Friday, reaching $13.205. 573,621 shares of the company were exchanged. The firm has a market capitalization of $1.09 billion, a PE ratio of 21.367 and a beta of 0.82. The company has a 50-day moving average of $13.31 and a 200 day moving average of $14.13. Hercules Capital has a 52 week low of $12.29 and a 52 week high of $15.68.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $48.45 million during the quarter, compared to analyst estimates of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. Hercules Capital’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.32 earnings per share. Equities analysts predict that Hercules Capital will post $1.21 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be given a dividend of $0.31 per share. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.24 annualized dividend and a dividend yield of 9.70%. Hercules Capital’s dividend payout ratio (DPR) is 134.78%.
Several hedge funds have recently added to or reduced their stakes in HTGC. Geneva Advisors LLC increased its stake in Hercules Capital by 16.5% in the second quarter. Geneva Advisors LLC now owns 129,592 shares of the financial services provider’s stock valued at $1,716,000 after buying an additional 18,360 shares during the period. Marshall Wace North America L.P. acquired a new stake in Hercules Capital during the second quarter valued at $916,000. BB&T Securities LLC increased its stake in Hercules Capital by 284.2% in the second quarter. BB&T Securities LLC now owns 55,940 shares of the financial services provider’s stock valued at $740,000 after buying an additional 41,379 shares during the period. Legal & General Group Plc increased its stake in Hercules Capital by 18.5% in the second quarter. Legal & General Group Plc now owns 216,526 shares of the financial services provider’s stock valued at $2,866,000 after buying an additional 33,760 shares during the period. Finally, West Family Investments Inc. increased its stake in Hercules Capital by 314.9% in the second quarter. West Family Investments Inc. now owns 82,982 shares of the financial services provider’s stock valued at $1,047,000 after buying an additional 62,982 shares during the period. Institutional investors and hedge funds own 44.25% of the company’s stock.
Hercules Capital Company Profile
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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