Hercules Capital (NYSE:HTGC) Given New $20.00 Price Target at Compass Point

Hercules Capital (NYSE:HTGC) had its price target upped by Compass Point from $18.25 to $20.00 in a research note published on Wednesday,Benzinga reports. They currently have a neutral rating on the financial services provider’s stock.

Other research analysts have also issued reports about the stock. Wells Fargo & Company boosted their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. JMP Securities reiterated a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and upped their price target for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $21.40.

Hercules Capital Stock Up 1.4 %

Hercules Capital stock opened at $22.01 on Wednesday. The firm has a market capitalization of $3.81 billion, a PE ratio of 13.67 and a beta of 1.35. The company’s 50-day moving average is $20.37 and its 200-day moving average is $19.63. Hercules Capital has a fifty-two week low of $16.95 and a fifty-two week high of $22.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. Sell-side analysts anticipate that Hercules Capital will post 1.97 earnings per share for the current year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 8.54%. Hercules Capital’s dividend payout ratio (DPR) is currently 99.38%.

Institutional Trading of Hercules Capital

A number of institutional investors have recently bought and sold shares of HTGC. Two Sigma Advisers LP boosted its holdings in Hercules Capital by 205.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider’s stock valued at $28,265,000 after purchasing an additional 946,700 shares during the period. Marshall Wace LLP bought a new stake in Hercules Capital in the 4th quarter valued at about $14,871,000. Two Sigma Investments LP boosted its holdings in Hercules Capital by 106.7% in the 4th quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider’s stock valued at $19,002,000 after purchasing an additional 488,172 shares during the period. Millennium Management LLC boosted its holdings in Hercules Capital by 1,834.7% in the 4th quarter. Millennium Management LLC now owns 429,125 shares of the financial services provider’s stock valued at $8,621,000 after purchasing an additional 406,944 shares during the period. Finally, International Assets Investment Management LLC boosted its holdings in Hercules Capital by 1,861.8% in the 3rd quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock valued at $79,960,000 after purchasing an additional 386,367 shares during the period. Institutional investors own 19.69% of the company’s stock.

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.