Hercules Capital (NYSE:HTGC) Receives “Market Outperform” Rating from JMP Securities

JMP Securities reaffirmed their market outperform rating on shares of Hercules Capital (NYSE:HTGC) in a research report report published on Monday morning,Benzinga reports. The brokerage currently has a $22.00 price objective on the financial services provider’s stock.

Several other equities research analysts have also commented on HTGC. Wells Fargo & Company boosted their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $19.50 to $21.50 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Hercules Capital has a consensus rating of “Moderate Buy” and an average price target of $20.90.

Hercules Capital Trading Up 0.2 %

Shares of HTGC stock opened at $20.17 on Monday. Hercules Capital has a 1-year low of $16.72 and a 1-year high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. The business’s fifty day moving average price is $19.38 and its 200 day moving average price is $19.65. The firm has a market capitalization of $3.28 billion, a PE ratio of 9.99 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.51. The business had revenue of $125.25 million for the quarter, compared to analysts’ expectations of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same period in the prior year, the company posted $0.52 EPS. As a group, sell-side analysts forecast that Hercules Capital will post 2.01 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.52%. The ex-dividend date of this dividend was Wednesday, November 13th. Hercules Capital’s payout ratio is currently 79.21%.

Institutional Trading of Hercules Capital

Several institutional investors and hedge funds have recently made changes to their positions in HTGC. Wedbush Securities Inc. lifted its holdings in Hercules Capital by 3.8% in the 2nd quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock valued at $321,000 after purchasing an additional 569 shares in the last quarter. Morse Asset Management Inc lifted its stake in shares of Hercules Capital by 1.7% during the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider’s stock valued at $685,000 after buying an additional 600 shares during the period. Founders Financial Alliance LLC boosted its position in Hercules Capital by 2.3% during the second quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider’s stock worth $573,000 after acquiring an additional 627 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in Hercules Capital by 2.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock worth $540,000 after acquiring an additional 711 shares during the period. Finally, Captrust Financial Advisors raised its holdings in Hercules Capital by 3.7% in the 3rd quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 763 shares during the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Company Profile

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.