Hercules Capital (NYSE:HTGC) Downgraded by StockNews.com to “Sell”

StockNews.com lowered shares of Hercules Capital (NYSE:HTGCGet Rating) from a hold rating to a sell rating in a research report released on Monday.

Several other research analysts also recently weighed in on HTGC. Wells Fargo & Company increased their price target on shares of Hercules Capital from $18.50 to $19.00 and gave the stock an overweight rating in a research report on Monday, April 25th. Keefe, Bruyette & Woods downgraded shares of Hercules Capital from an outperform rating to a market perform rating and set a $18.00 price target on the stock. in a research report on Friday, April 22nd. Finally, Piper Sandler downgraded shares of Hercules Capital from an overweight rating to a neutral rating and set a $19.00 price target on the stock. in a research report on Monday, April 4th. One analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of Hold and a consensus target price of $18.54.

Shares of Hercules Capital stock opened at $13.29 on Monday. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 15.64, a price-to-earnings-growth ratio of 0.40 and a beta of 1.38. The company’s 50 day moving average is $15.26 and its 200 day moving average is $16.67. Hercules Capital has a twelve month low of $12.61 and a twelve month high of $19.09. The company has a quick ratio of 3.02, a current ratio of 3.02 and a debt-to-equity ratio of 0.99.

Hercules Capital (NYSE:HTGCGet Rating) last released its quarterly earnings results on Thursday, May 5th. The financial services provider reported $0.30 earnings per share for the quarter, missing the consensus estimate of $0.31 by ($0.01). Hercules Capital had a return on equity of 11.33% and a net margin of 38.45%. The business had revenue of $62.25 million during the quarter, compared to the consensus estimate of $69.09 million. During the same quarter in the previous year, the business posted $0.29 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. Sell-side analysts expect that Hercules Capital will post 1.35 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 24th. Stockholders of record on Tuesday, May 17th were paid a $0.33 dividend. The ex-dividend date of this dividend was Monday, May 16th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 9.93%. Hercules Capital’s dividend payout ratio (DPR) is presently 155.30%.

In other news, Director Thomas J. Fallon acquired 10,000 shares of Hercules Capital stock in a transaction dated Thursday, May 12th. The stock was purchased at an average cost of $14.88 per share, with a total value of $148,800.00. Following the completion of the purchase, the director now directly owns 61,604 shares in the company, valued at approximately $916,667.52. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Corporate insiders own 3.30% of the company’s stock.

Institutional investors and hedge funds have recently bought and sold shares of the stock. Goldman Sachs Group Inc. increased its holdings in shares of Hercules Capital by 10.0% in the 3rd quarter. Goldman Sachs Group Inc. now owns 50,179 shares of the financial services provider’s stock worth $833,000 after buying an additional 4,556 shares during the last quarter. Invesco Ltd. increased its holdings in shares of Hercules Capital by 19.1% in the 3rd quarter. Invesco Ltd. now owns 1,086,354 shares of the financial services provider’s stock worth $18,044,000 after buying an additional 173,842 shares during the last quarter. Tudor Investment Corp Et Al increased its holdings in shares of Hercules Capital by 99.8% in the 3rd quarter. Tudor Investment Corp Et Al now owns 167,200 shares of the financial services provider’s stock worth $2,777,000 after buying an additional 83,523 shares during the last quarter. Man Group plc bought a new stake in shares of Hercules Capital in the 3rd quarter worth about $242,000. Finally, Cubist Systematic Strategies LLC increased its holdings in shares of Hercules Capital by 73.0% in the 3rd quarter. Cubist Systematic Strategies LLC now owns 18,656 shares of the financial services provider’s stock worth $310,000 after buying an additional 7,873 shares during the last quarter. 25.51% of the stock is owned by institutional investors.

About Hercules Capital (Get Rating)

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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