Hercules Capital, Inc. (NYSE:HTGC) reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as $12.15 and last traded at $12.15, with a volume of 202,309 shares traded. The stock had previously closed at $12.22.

Several equities research analysts have issued reports on the company. Zacks Investment Research upgraded Hercules Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Jefferies Group LLC restated a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a research report on Friday, May 12th. Keefe, Bruyette & Woods reiterated an “outperform” rating and issued a $15.00 price objective on shares of Hercules Capital in a research report on Tuesday, July 4th. Wunderlich reiterated a “hold” rating on shares of Hercules Capital in a research report on Tuesday, May 16th. Finally, ValuEngine downgraded Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus target price of $15.21.

The firm has a market cap of $1.00 billion, a P/E ratio of 13.43 and a beta of 0.83. The stock has a 50 day moving average price of $12.89 and a 200 day moving average price of $13.81.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $48.45 million during the quarter, compared to the consensus estimate 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 quarter in the prior year, the firm posted $0.32 EPS. Analysts expect that Hercules Capital, Inc. will post $1.17 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 14th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 10.22%. The ex-dividend date of this dividend was Thursday, August 10th. Hercules Capital’s dividend payout ratio is currently 134.78%.

A number of institutional investors have recently modified their holdings of HTGC. Muzinich & Co. Inc. boosted its holdings in Hercules Capital by 85.3% in the 1st quarter. Muzinich & Co. Inc. now owns 3,626,672 shares of the financial services provider’s stock worth $54,872,000 after buying an additional 1,669,396 shares during the period. Principal Financial Group Inc. boosted its holdings in Hercules Capital by 108.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock worth $39,158,000 after buying an additional 1,535,592 shares during the period. Ares Management LLC boosted its holdings in Hercules Capital by 654.8% in the 2nd quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock worth $10,117,000 after buying an additional 662,950 shares during the period. UBS Group AG boosted its holdings in Hercules Capital by 26.7% in the 1st quarter. UBS Group AG now owns 2,303,026 shares of the financial services provider’s stock worth $34,845,000 after buying an additional 485,745 shares during the period. Finally, Advisors Asset Management Inc. bought a new position in Hercules Capital in the 2nd quarter worth $3,832,000. 44.64% of the stock is owned by institutional investors.

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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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