Hercules Capital (NYSE:HTGC) Given New $20.50 Price Target at Keefe, Bruyette & Woods

Hercules Capital (NYSE:HTGC) had its price objective cut by Keefe, Bruyette & Woods from $21.50 to $20.50 in a report released on Tuesday morning,Benzinga reports. They currently have an outperform rating on the financial services provider’s stock.

Several other equities analysts have also commented on HTGC. JMP Securities reissued a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Piper Sandler lowered their price target on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday. Finally, Compass Point upped their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $20.70.

Hercules Capital Trading Down 3.8 %

Shares of HTGC opened at $16.83 on Tuesday. Hercules Capital has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. The firm’s 50-day moving average price is $19.51 and its 200-day moving average price is $19.68. The firm has a market capitalization of $2.91 billion, a price-to-earnings ratio of 10.45 and a beta of 1.13.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business had revenue of $121.78 million for the quarter, compared to analysts’ expectations of $124.09 million. Sell-side analysts anticipate that Hercules Capital will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.17%. The ex-dividend date was Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is 99.38%.

Institutional Investors Weigh In On Hercules Capital

Institutional investors and hedge funds have recently made changes to their positions in the company. Ameriflex Group Inc. bought a new position in Hercules Capital in the 4th quarter valued at approximately $29,000. Avior Wealth Management LLC lifted its holdings in shares of Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,152 shares in the last quarter. Estabrook Capital Management boosted its position in shares of Hercules Capital by 239.0% during the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,324 shares during the last quarter. Archer Investment Corp increased its holdings in Hercules Capital by 345.4% in the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,803 shares in the last quarter. Finally, Quarry LP purchased a new position in Hercules Capital in the 4th quarter worth about $48,000. 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.