Hercules Capital (NYSE:HTGC) Sets New 1-Year Low at $10.94

Hercules Capital, Inc. (NYSE:HTGC – Get Rating) hit a new 52-week low on Monday . The company traded as low as $10.94 and last traded at $11.60, with a volume of 2424868 shares changing hands. The stock had previously closed at $12.29.

Wall Street Analysts Forecast Growth

A number of equities analysts recently weighed in on HTGC shares. JMP Securities reissued a “market outperform” rating and set a $18.00 price objective on shares of Hercules Capital in a report on Monday. Piper Sandler reduced their price target on Hercules Capital from $15.00 to $14.50 in a research report on Friday, December 16th. Compass Point reduced their price target on Hercules Capital to $15.00 in a research report on Tuesday, November 15th. Royal Bank of Canada raised their price target on Hercules Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a research report on Friday, February 17th. Finally, Keefe, Bruyette & Woods lowered Hercules Capital from a “market perform” rating to an “underperform” rating and reduced their price target for the stock from $14.50 to $10.50 in a research report on Monday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $14.93.

Hercules Capital Trading Up 3.4 %

The stock has a market capitalization of $1.63 billion, a P/E ratio of 16.13 and a beta of 1.43. The stock has a 50-day moving average price of $14.46 and a two-hundred day moving average price of $13.86. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.21 and a current ratio of 1.21.

Hercules Capital (NYSE:HTGC – Get Rating) last issued its quarterly earnings data on Thursday, February 16th. The financial services provider reported $0.47 earnings per share for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. The firm had revenue of $100.19 million for the quarter, compared to analyst estimates of $91.34 million. Hercules Capital had a return on equity of 13.87% and a net margin of 31.73%. During the same period last year, the company earned $0.35 EPS. On average, research analysts forecast that Hercules Capital, Inc. will post 1.85 EPS for the current fiscal year.

Hercules Capital Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, March 9th. Stockholders of record on Thursday, March 2nd were given a $0.39 dividend. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.36. This represents a $1.56 dividend on an annualized basis and a dividend yield of 13.05%. The ex-dividend date was Wednesday, March 1st. Hercules Capital’s dividend payout ratio (DPR) is currently 205.27%.

Institutional Investors Weigh In On Hercules Capital

Large investors have recently made changes to their positions in the business. WFA of San Diego LLC bought a new stake in shares of Hercules Capital in the 4th quarter worth approximately $29,000. BDO Wealth Advisors LLC boosted its position in shares of Hercules Capital by 76.4% during the second quarter. BDO Wealth Advisors LLC now owns 2,217 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 960 shares in the last quarter. EverSource Wealth Advisors LLC bought a new stake in shares of Hercules Capital during the fourth quarter valued at approximately $30,000. Salem Investment Counselors Inc. boosted its position in shares of Hercules Capital by 2,200.0% during the third quarter. Salem Investment Counselors Inc. now owns 2,300 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 2,200 shares in the last quarter. Finally, Delta Asset Management LLC TN bought a new stake in shares of Hercules Capital during the fourth quarter valued at approximately $32,000. 23.77% of the stock is currently owned by institutional investors.

About Hercules Capital

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Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company’s existing capital structure and map to its business objectives.