Hercules Capital (NYSE:HTGC) Price Target Increased to $20.00 by Analysts at Wells Fargo & Company

Hercules Capital (NYSE:HTGC) had its target price hoisted by Wells Fargo & Company from $19.50 to $20.00 in a research report report published on Friday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

Several other research analysts have also commented on HTGC. JMP Securities lifted their price objective on shares of Hercules Capital from $19.00 to $20.00 and gave the stock a market outperform rating in a research note on Friday. Piper Sandler lifted their price objective on shares of Hercules Capital from $21.00 to $21.50 and gave the stock an overweight rating in a research note on Friday. Keefe, Bruyette & Woods lifted their price objective on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a market perform rating in a research note on Friday. Finally, Compass Point lowered shares of Hercules Capital from a buy rating to a neutral rating and lifted their price objective for the stock from $17.00 to $17.50 in a research note on Tuesday, January 16th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of Hold and a consensus target price of $18.56.

Hercules Capital Trading Up 1.3 %

HTGC stock opened at $19.69 on Friday. The firm has a fifty day moving average price of $18.41 and a 200 day moving average price of $17.18. Hercules Capital has a fifty-two week low of $13.01 and a fifty-two week high of $19.81. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.47 and a current ratio of 2.47. The firm has a market cap of $3.19 billion, a PE ratio of 8.93 and a beta of 1.32.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The firm had revenue of $121.55 million during the quarter, compared to analyst estimates of $121.86 million. During the same period last year, the firm posted $0.47 earnings per share. Hercules Capital’s revenue for the quarter was up 15.7% compared to the same quarter last year. Sell-side analysts anticipate that Hercules Capital will post 2.05 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be given a dividend of $0.48 per share. The ex-dividend date of this dividend is Monday, May 13th. This represents a $1.92 annualized dividend and a dividend yield of 9.75%. Hercules Capital’s dividend payout ratio (DPR) is 72.73%.

Institutional Trading of Hercules Capital

Institutional investors and hedge funds have recently made changes to their positions in the business. NBC Securities Inc. raised its holdings in shares of Hercules Capital by 154.8% in the first quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 1,594 shares in the last quarter. Principal Securities Inc. bought a new position in Hercules Capital in the fourth quarter worth about $53,000. Signaturefd LLC raised its holdings in Hercules Capital by 30.4% in the fourth quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 789 shares in the last quarter. Cape Investment Advisory Inc. bought a new position in Hercules Capital in the fourth quarter worth about $56,000. Finally, Nomura Asset Management Co. Ltd. raised its holdings in Hercules Capital by 133.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 3,786 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 2,164 shares in the last quarter. 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.