Hercules Capital, Inc. (NYSE:HTGC) Receives $19.83 Consensus PT from Brokerages

Hercules Capital, Inc. (NYSE:HTGC) has earned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the firm, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average twelve-month price target among brokerages that have issued ratings on the stock in the last year is $19.83.

HTGC has been the subject of a number of recent research reports. Piper Sandler lifted their target price on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JMP Securities lifted their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. Finally, Wells Fargo & Company increased their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th.

Insider Buying and Selling at Hercules Capital

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $19.59, for a total value of $1,959,000.00. Following the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.90% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC acquired a new stake in shares of Hercules Capital during the second quarter worth $31,000. Kathleen S. Wright Associates Inc. purchased a new position in Hercules Capital in the 3rd quarter worth $31,000. Farther Finance Advisors LLC lifted its position in Hercules Capital by 59,650.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 2,386 shares during the period. Strategic Financial Concepts LLC increased its holdings in shares of Hercules Capital by 2,067.0% in the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 336,921 shares during the period. Finally, Hexagon Capital Partners LLC raised its stake in shares of Hercules Capital by 38.8% in the second quarter. Hexagon Capital Partners LLC now owns 4,994 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,395 shares during the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Hercules Capital Stock Performance

Shares of NYSE HTGC opened at $19.69 on Tuesday. The company has a market cap of $3.20 billion, a P/E ratio of 9.75 and a beta of 1.39. Hercules Capital has a 52-week low of $15.14 and a 52-week high of $21.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The firm’s fifty day moving average is $19.58 and its two-hundred day moving average is $19.68.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $125.25 million during the quarter, compared to analysts’ expectations of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same quarter last year, the business posted $0.52 EPS. As a group, analysts anticipate that Hercules Capital will post 2.02 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th will be issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.75%. The ex-dividend date is Wednesday, November 13th. Hercules Capital’s payout ratio is 79.21%.

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.