Hercules Capital (NYSE:HTGC) Price Target Raised to $19.00

Hercules Capital (NYSE:HTGC) had its price objective boosted by Keefe, Bruyette & Woods from $18.00 to $19.00 in a research report sent to investors on Friday morning, Benzinga reports. They currently have a market perform rating on the financial services provider’s stock.

Other equities analysts have also issued research reports about the stock. Piper Sandler upped their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an overweight rating in a research report on Wednesday, April 10th. Compass Point lowered shares of Hercules Capital from a buy rating to a neutral rating and upped their price target for the stock from $17.00 to $17.50 in a research report on Tuesday, January 16th. JMP Securities upped their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a market outperform rating in a research report on Tuesday, March 26th. Finally, Wells Fargo & Company upped their price target on shares of Hercules Capital from $17.00 to $18.00 and gave the stock an overweight rating in a research report on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. According to MarketBeat, Hercules Capital currently has an average rating of Hold and an average target price of $18.56.

Hercules Capital Trading Up 1.3 %

HTGC opened at $19.69 on Friday. The stock has a market capitalization of $3.19 billion, a PE ratio of 8.95 and a beta of 1.32. The firm’s fifty day moving average price is $18.43 and its 200 day moving average price is $17.20. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.47 and a quick ratio of 2.47. Hercules Capital has a 12-month low of $13.01 and a 12-month high of $19.81.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $121.55 million for the quarter, compared to analysts’ expectations of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.47 earnings per share. As a group, research analysts expect that Hercules Capital will post 2.05 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th will be given 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 9.75%. Hercules Capital’s dividend payout ratio is presently 72.73%.

Hedge Funds Weigh In On Hercules Capital

A number of institutional investors and hedge funds have recently bought and sold shares of HTGC. International Assets Investment Management LLC grew its position in Hercules Capital by 1,567.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock valued at $22,433,000 after buying an additional 1,265,008 shares in the last quarter. Melia Wealth LLC bought a new position in shares of Hercules Capital during the 4th quarter valued at about $10,922,000. Van ECK Associates Corp boosted its position in shares of Hercules Capital by 18.8% during the 4th quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock valued at $40,254,000 after purchasing an additional 381,318 shares in the last quarter. Confluence Investment Management LLC bought a new position in shares of Hercules Capital during the 1st quarter valued at about $6,950,000. Finally, Global Assets Advisory LLC boosted its position in shares of Hercules Capital by 1,920.8% during the 1st quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock valued at $4,078,000 after purchasing an additional 210,112 shares in the last quarter. 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.