JMP Securities Raises Hercules Capital (NYSE:HTGC) Price Target to $20.00

Hercules Capital (NYSE:HTGC) had its price objective hoisted by JMP Securities from $19.00 to $20.00 in a report issued on Friday, Benzinga reports. JMP Securities currently has a market outperform rating on the financial services provider’s stock.

A number of other analysts have also recently issued reports on the stock. Piper Sandler lifted their target price on shares of Hercules Capital from $21.00 to $21.50 and gave the company an overweight rating in a research note on Friday. Wells Fargo & Company lifted their target price on shares of Hercules Capital from $17.00 to $18.00 and gave the company an overweight rating in a research note on Monday, January 29th. Keefe, Bruyette & Woods lifted their target price on shares of Hercules Capital from $18.00 to $19.00 and gave the company a market perform rating in a research note on Friday. Finally, Compass Point cut shares of Hercules Capital from a buy rating to a neutral rating and lifted their target price for the company from $17.00 to $17.50 in a research note on Tuesday, January 16th. Five analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, Hercules Capital has a consensus rating of Hold and an average target price of $18.56.

Hercules Capital Stock Performance

HTGC stock opened at $19.69 on Friday. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.47 and a current ratio of 2.47. The stock has a market cap of $3.19 billion, a P/E ratio of 8.95 and a beta of 1.32. The firm has a 50 day simple moving average of $18.43 and a 200 day simple moving average of $17.20. Hercules Capital has a 52 week low of $13.01 and a 52 week high of $19.81.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $121.55 million during the quarter, compared to analysts’ expectations of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The firm’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. Research analysts anticipate that Hercules Capital will post 2.05 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.75%. The ex-dividend date is Monday, May 13th. Hercules Capital’s dividend payout ratio is 72.73%.

Hedge Funds Weigh In On Hercules Capital

A number of institutional investors have recently modified their holdings of HTGC. International Assets Investment Management LLC increased its position in Hercules Capital by 1,567.0% during the fourth quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock worth $22,433,000 after acquiring an additional 1,265,008 shares during the period. Melia Wealth LLC bought a new position in Hercules Capital during the fourth quarter worth $10,922,000. Van ECK Associates Corp increased its position in Hercules Capital by 18.8% during the fourth quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock worth $40,254,000 after acquiring an additional 381,318 shares during the period. Confluence Investment Management LLC bought a new position in Hercules Capital during the first quarter worth $6,950,000. Finally, Global Assets Advisory LLC increased its position in Hercules Capital by 1,920.8% during the first quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock worth $4,078,000 after acquiring an additional 210,112 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.