Hercules Capital, Inc. (HTGC) Reaches New 12-Month Low at $12.15
Hercules Capital, Inc. (NYSE:HTGC) shares reached a new 52-week low during mid-day trading on Wednesday . The company traded as low as $12.15 and last traded at $12.15, with a volume of 202,309 shares. The stock had previously closed at $12.22.
HTGC has been the topic of a number of recent research reports. Jefferies Group LLC restated a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research report on Friday, May 12th. Zacks Investment Research upgraded shares of Hercules Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. ValuEngine downgraded shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. BidaskClub downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating in a research report on Thursday, August 31st. Finally, 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. Two analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $15.21.
The stock has a market cap of $1.00 billion, a PE ratio of 13.41 and a beta of 0.83. The firm’s 50 day moving average is $12.81 and its 200 day moving average is $13.78.
Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. The company had revenue of $48.45 million for 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%. The firm’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.32 EPS. Analysts predict that Hercules Capital, Inc. will post $1.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Monday, August 21st. Investors of record on Monday, August 14th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, August 10th. This represents a $1.24 annualized dividend and a yield of 10.24%. Hercules Capital’s dividend payout ratio (DPR) is 134.78%.
A number of hedge funds and other institutional investors have recently modified their holdings of the stock. HighTower Advisors LLC lifted its position in Hercules Capital by 0.6% during the 1st quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock worth $183,000 after buying an additional 72 shares in the last quarter. BB&T Securities LLC lifted its position in Hercules Capital by 0.7% during the 1st quarter. BB&T Securities LLC now owns 14,561 shares of the financial services provider’s stock worth $220,000 after buying an additional 100 shares in the last quarter. Pinebridge Investments L.P. raised its holdings in Hercules Capital by 0.6% during the 2nd quarter. Pinebridge Investments L.P. now owns 24,946 shares of the financial services provider’s stock worth $330,000 after purchasing an additional 147 shares during the last quarter. First Allied Advisory Services Inc. raised its holdings in Hercules Capital by 1.1% during the 2nd quarter. First Allied Advisory Services Inc. now owns 14,251 shares of the financial services provider’s stock worth $189,000 after purchasing an additional 162 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in Hercules Capital by 2.2% during the 1st quarter. Ameriprise Financial Inc. now owns 15,291 shares of the financial services provider’s stock worth $231,000 after purchasing an additional 331 shares during the last quarter. Institutional investors and hedge funds own 44.64% of the company’s stock.
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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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