Hercules Capital (NYSE:HTGC) Given New $20.00 Price Target at Wells Fargo & Company

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

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

Hercules Capital Price Performance

HTGC stock traded up $0.13 during midday trading on Friday, reaching $19.43. The company had a trading volume of 1,369,561 shares, compared to its average volume of 744,423. Hercules Capital has a 1 year low of $12.40 and a 1 year high of $19.70. The company has a market capitalization of $3.15 billion, a P/E ratio of 8.83 and a beta of 1.32. The firm has a 50-day moving average price of $18.41 and a 200-day moving average price of $17.16. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.75 and a quick ratio of 2.75.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) 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 18.91%. The company had revenue of $121.55 million during the quarter, compared to analysts’ expectations of $121.86 million. During the same quarter in the prior year, the company earned $0.47 EPS. The firm’s revenue was up 15.7% on a year-over-year basis. On average, research analysts anticipate that Hercules Capital will post 2.05 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.88%. The ex-dividend date of this dividend is Monday, May 13th. Hercules Capital’s payout ratio is presently 72.73%.

Institutional Trading of Hercules Capital

A number of institutional investors have recently made changes to their positions in HTGC. Signaturefd LLC boosted its holdings in shares of 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 buying an additional 789 shares during the last quarter. Hexagon Capital Partners LLC boosted its holdings in shares of Hercules Capital by 28.9% in the first quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after buying an additional 806 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Hercules Capital by 2.9% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,722 shares of the financial services provider’s stock worth $472,000 after buying an additional 816 shares during the last quarter. PFG Investments LLC boosted its holdings in shares of Hercules Capital by 7.4% in the third quarter. PFG Investments LLC now owns 15,760 shares of the financial services provider’s stock worth $259,000 after buying an additional 1,091 shares during the last quarter. Finally, Founders Financial Alliance LLC boosted its holdings in shares of Hercules Capital by 4.9% in the fourth quarter. Founders Financial Alliance LLC now owns 25,250 shares of the financial services provider’s stock worth $421,000 after buying an additional 1,187 shares during the last quarter. Hedge funds and other 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.