Hercules Capital (NYSE:HTGC) Sets New 12-Month Low at $15.82

Shares of Hercules Capital, Inc. (NYSE:HTGCGet Rating) hit a new 52-week low during trading on Tuesday . The company traded as low as $15.82 and last traded at $16.06, with a volume of 92468 shares traded. The stock had previously closed at $16.23.

HTGC has been the subject of a number of research reports. Keefe, Bruyette & Woods downgraded Hercules Capital from an “outperform” rating to a “market perform” rating and set a $18.00 price objective for the company. in a research report on Friday, April 22nd. Compass Point downgraded Hercules Capital from a “buy” rating to a “neutral” rating and set a $18.00 price objective for the company. in a research report on Tuesday, February 8th. StockNews.com began coverage on Hercules Capital in a research report on Thursday, March 31st. They issued a “hold” rating for the company. Piper Sandler downgraded Hercules Capital from an “overweight” rating to a “neutral” rating and set a $19.00 target price for the company. in a research report on Monday, April 4th. Finally, Wells Fargo & Company raised their target price on Hercules Capital from $18.50 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, April 25th. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus price target of $18.54.

The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.22 and a current ratio of 3.22. The firm has a market cap of $2.01 billion, a P/E ratio of 19.09, a P/E/G ratio of 0.51 and a beta of 1.36. The company has a 50-day moving average of $17.77 and a 200 day moving average of $17.39.

Hercules Capital (NYSE:HTGCGet Rating) last released its quarterly earnings results on Thursday, May 5th. The financial services provider reported $0.30 earnings per share for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.01). Hercules Capital had a net margin of 38.45% and a return on equity of 11.33%. The business had revenue of $62.25 million for the quarter, compared to analyst estimates of $69.09 million. During the same period in the prior year, the business earned $0.29 earnings per share. The company’s revenue for the quarter was down 2.4% on a year-over-year basis. Sell-side analysts anticipate that Hercules Capital, Inc. will post 1.36 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, May 24th. Investors of record on Tuesday, May 17th will be issued a dividend of $0.33 per share. The ex-dividend date is Monday, May 16th. This represents a $1.32 dividend on an annualized basis and a yield of 8.13%. Hercules Capital’s dividend payout ratio is 155.30%.

A number of hedge funds have recently added to or reduced their stakes in the stock. Advisors Capital Management LLC increased its holdings in Hercules Capital by 1.4% during the 1st quarter. Advisors Capital Management LLC now owns 882,536 shares of the financial services provider’s stock valued at $15,947,000 after purchasing an additional 12,488 shares in the last quarter. Lineweaver Wealth Advisors LLC increased its stake in shares of Hercules Capital by 17.9% in the 1st quarter. Lineweaver Wealth Advisors LLC now owns 11,836 shares of the financial services provider’s stock valued at $213,000 after buying an additional 1,794 shares during the period. Duality Advisers LP increased its stake in shares of Hercules Capital by 10.7% in the 1st quarter. Duality Advisers LP now owns 71,375 shares of the financial services provider’s stock valued at $1,290,000 after buying an additional 6,915 shares during the period. Leeward Investments LLC MA acquired a new stake in shares of Hercules Capital in the 1st quarter valued at $14,390,000. Finally, Tectonic Advisors LLC increased its stake in shares of Hercules Capital by 14.6% in the 1st quarter. Tectonic Advisors LLC now owns 84,220 shares of the financial services provider’s stock valued at $1,522,000 after buying an additional 10,707 shares during the period. 25.51% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Company Profile (NYSE:HTGC)

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.

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