Hercules Capital (NYSE:HTGC) Issues Earnings Results, Hits Expectations

Hercules Capital (NYSE:HTGC) issued its earnings results on Thursday. The financial services provider reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49, Zacks reports. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%.

Hercules Capital Price Performance

Shares of HTGC stock traded up $0.28 during trading hours on Friday, reaching $21.33. The stock had a trading volume of 897,122 shares, compared to its average volume of 865,821. Hercules Capital has a 12 month low of $16.95 and a 12 month high of $21.78. The firm has a market capitalization of $3.47 billion, a PE ratio of 10.56 and a beta of 1.35. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. The stock’s fifty day simple moving average is $20.20 and its 200 day simple moving average is $19.62.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th will be given 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 dividend yield of 8.81%. Hercules Capital’s dividend payout ratio (DPR) is currently 79.21%.

Analyst Upgrades and Downgrades

HTGC has been the subject of a number of research reports. Wells Fargo & Company increased their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research report on Friday. Finally, Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $19.50 to $21.50 in a research report on Thursday, December 12th.

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.