Hercules Capital (NYSE:HTGC) Given New $20.00 Price Target at JMP Securities

Hercules Capital (NYSE:HTGC) had its price target hoisted by JMP Securities from $19.00 to $20.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has a market outperform rating on the financial services provider’s stock.

Several other brokerages also recently commented on HTGC. Keefe, Bruyette & Woods raised their target price on Hercules Capital from $18.00 to $19.00 and gave the company a market perform rating in a report on Friday. Piper Sandler boosted their target price on shares of Hercules Capital from $21.00 to $21.50 and gave the stock an overweight rating in a research report on Friday. Compass Point downgraded shares of Hercules Capital from a buy rating to a neutral rating and upped their target price for the company from $17.00 to $17.50 in a research note on Tuesday, January 16th. Finally, Wells Fargo & Company lifted their price target on shares of Hercules Capital from $17.00 to $18.00 and gave the stock an overweight rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of Hold and a consensus target price of $18.56.

Hercules Capital Stock Up 0.7 %

HTGC stock opened at $19.43 on Friday. Hercules Capital has a one year low of $12.40 and a one year high of $19.70. The stock has a market capitalization of $3.15 billion, a P/E ratio of 8.83 and a beta of 1.32. The company has a 50 day moving average price of $18.41 and a two-hundred day moving average price of $17.16. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.75 and a current ratio of 2.75.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $121.55 million during the quarter, compared to the consensus estimate of $121.86 million. Hercules Capital had a return on equity of 18.91% and a net margin of 69.98%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.47 earnings per share. As a group, sell-side analysts expect that Hercules Capital will post 2.05 EPS for the current year.

Hercules Capital Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be paid a $0.48 dividend. The ex-dividend date is Monday, May 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.88%. Hercules Capital’s dividend payout ratio (DPR) is 72.73%.

Institutional Investors Weigh In On Hercules Capital

Institutional investors have recently made changes to their positions in the company. Graypoint LLC bought a new stake in Hercules Capital during the third quarter valued at $2,071,000. Bleakley Financial Group LLC bought a new stake in shares of Hercules Capital during the 4th quarter valued at about $613,000. Mckinley Capital Management LLC raised its stake in Hercules Capital by 60.8% during the third quarter. Mckinley Capital Management LLC now owns 348,992 shares of the financial services provider’s stock worth $5,730,000 after acquiring an additional 131,924 shares during the period. Sound Income Strategies LLC lifted its holdings in Hercules Capital by 2.4% in the fourth quarter. Sound Income Strategies LLC now owns 2,580,372 shares of the financial services provider’s stock worth $43,015,000 after acquiring an additional 59,263 shares during the last quarter. Finally, Barclays PLC acquired a new position in Hercules Capital in the third quarter valued at approximately $628,000. 19.69% of the stock is currently owned by 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.