Analysts Set Hercules Capital, Inc. (NYSE:HTGC) PT at $20.00

Shares of Hercules Capital, Inc. (NYSE:HTGC) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the company, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $20.00.

Several equities analysts have issued reports on the stock. Wells Fargo & Company lifted their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. JMP Securities boosted their target price on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler raised their price target on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a report on Friday, August 2nd.

Hercules Capital Trading Up 0.1 %

Shares of NYSE HTGC opened at $19.58 on Monday. Hercules Capital has a 1-year low of $15.02 and a 1-year high of $21.78. The business has a fifty day moving average price of $19.50 and a 200 day moving average price of $19.30. The stock has a market capitalization of $3.18 billion, a P/E ratio of 8.87 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. The business had revenue of $125.01 million during the quarter, compared to analyst estimates of $124.99 million. During the same period in the prior year, the firm posted $0.53 earnings per share. Equities research analysts expect that Hercules Capital will post 2.03 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were given a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.81%. Hercules Capital’s dividend payout ratio is currently 72.73%.

Insider Activity

In other news, Director Nikos Theodosopoulos bought 1,608 shares of the firm’s stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $18.03 per share, with a total value of $28,992.24. Following the completion of the acquisition, the director now directly owns 5,613 shares of the company’s stock, valued at approximately $101,202.39. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the business. HHM Wealth Advisors LLC acquired a new position in shares of Hercules Capital in the 2nd quarter valued at about $31,000. NBC Securities Inc. grew its stake in shares of Hercules Capital by 154.8% during the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,594 shares during the period. Principal Securities Inc. purchased a new position in shares of Hercules Capital during the 4th quarter valued at approximately $53,000. Cape Investment Advisory Inc. acquired a new position in shares of Hercules Capital in the 4th quarter valued at $56,000. Finally, Hexagon Capital Partners LLC boosted its holdings in Hercules Capital by 28.9% during the first quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after buying an additional 806 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

About Hercules Capital

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.