Hercules Capital Inc (NYSE:HTGC) declared a quarterly dividend on Wednesday, July 29th, Zacks reports. Shareholders of record on Monday, August 10th will be paid a dividend of 0.32 per share by the financial services provider on Monday, August 17th. This represents a $1.28 annualized dividend and a yield of 11.84%. The ex-dividend date is Friday, August 7th.
Hercules Capital has raised its dividend payment by an average of 7.3% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. Hercules Capital has a payout ratio of 95.5% indicating that its dividend is currently covered by earnings, but may not be in the future if the company’s earnings tumble. Equities research analysts expect Hercules Capital to earn $1.36 per share next year, which means the company should continue to be able to cover its $1.28 annual dividend with an expected future payout ratio of 94.1%.
NYSE HTGC traded up $0.01 during trading hours on Thursday, hitting $10.81. The company’s stock had a trading volume of 5,527 shares, compared to its average volume of 636,120. The company has a quick ratio of 2.25, a current ratio of 2.25 and a debt-to-equity ratio of 1.09. Hercules Capital has a twelve month low of $5.42 and a twelve month high of $16.40. The firm has a market capitalization of $1.19 billion, a P/E ratio of 13.11 and a beta of 1.48. The stock has a fifty day moving average of $10.61 and a 200 day moving average of $11.42.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Monday, May 4th. The financial services provider reported $0.37 EPS for the quarter, topping analysts’ consensus estimates of $0.36 by $0.01. The business had revenue of $73.62 million for the quarter, compared to analyst estimates of $69.78 million. Hercules Capital had a net margin of 29.46% and a return on equity of 14.01%. During the same period last year, the business posted $0.34 earnings per share. On average, analysts predict that Hercules Capital will post 1.34 earnings per share for the current year.
A number of research analysts have issued reports on the stock. ValuEngine downgraded shares of Hercules Capital from a “sell” rating to a “strong sell” rating in a research report on Thursday, June 4th. Wells Fargo & Co boosted their target price on Hercules Capital from $10.75 to $11.25 and gave the stock an “overweight” rating in a report on Monday, April 27th. B. Riley reiterated a “buy” rating and set a $12.00 price target on shares of Hercules Capital in a report on Thursday, June 4th. Janney Montgomery Scott raised Hercules Capital from a “neutral” rating to a “buy” rating and set a $12.75 target price for the company in a research report on Friday, June 19th. Finally, Wedbush cut their price objective on Hercules Capital from $15.00 to $13.50 and set an “outperform” rating for the company in a report on Wednesday, May 13th. One analyst has rated the stock with a sell rating, one has issued a hold rating and seven have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $11.50.
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.
Featured Story: Google Finance Portfolio
Receive News & Ratings for Hercules Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital and related companies with MarketBeat.com's FREE daily email newsletter.