Hercules Capital (NYSE:HTGC) Price Target Raised to $21.00

Hercules Capital (NYSE:HTGC) had its price objective increased by Wells Fargo & Company from $20.00 to $21.00 in a research note published on Tuesday, Benzinga reports. Wells Fargo & Company currently has an overweight rating on the financial services provider’s stock.

A number of other equities analysts have also recently issued reports on the stock. Piper Sandler upped their price objective on shares of Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. JMP Securities upped their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $19.83.

Hercules Capital Trading Down 0.7 %

Shares of HTGC stock opened at $19.76 on Tuesday. Hercules Capital has a fifty-two week low of $15.14 and a fifty-two week high of $21.78. The stock’s fifty day moving average price is $19.51 and its two-hundred day moving average price is $19.63. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The company has a market cap of $3.20 billion, a PE ratio of 8.98 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. During the same period last year, the firm posted $0.52 earnings per share. Equities analysts predict that Hercules Capital will post 2.03 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.72%. The ex-dividend date is Wednesday, November 13th. Hercules Capital’s payout ratio is currently 72.73%.

Insider Buying and Selling

In related news, Director Nikos Theodosopoulos bought 1,608 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was acquired at an average cost of $18.03 per share, with a total value of $28,992.24. Following the transaction, the director now directly owns 5,613 shares in the company, valued at approximately $101,202.39. This trade represents a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value of $1,959,000.00. Following the sale, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Nikos Theodosopoulos bought 1,608 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average cost of $18.03 per share, with a total value of $28,992.24. Following the purchase, the director now directly owns 5,613 shares of the company’s stock, valued at $101,202.39. The trade was a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by insiders.

Institutional Trading of Hercules Capital

Large investors have recently bought and sold shares of the business. International Assets Investment Management LLC boosted its position in shares of Hercules Capital by 1,861.8% during the 3rd quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock valued at $79,960,000 after purchasing an additional 386,367 shares in the last quarter. Strategic Financial Concepts LLC boosted its holdings in shares of Hercules Capital by 2,067.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock worth $72,000 after buying an additional 336,921 shares in the last quarter. Van ECK Associates Corp increased its stake in shares of Hercules Capital by 11.8% in the 2nd quarter. Van ECK Associates Corp now owns 2,824,840 shares of the financial services provider’s stock valued at $57,768,000 after acquiring an additional 298,992 shares in the last quarter. TrueMark Investments LLC acquired a new position in shares of Hercules Capital during the 2nd quarter valued at $3,015,000. Finally, Truvestments Capital LLC boosted its stake in Hercules Capital by 521.7% during the first quarter. Truvestments Capital LLC now owns 123,188 shares of the financial services provider’s stock worth $2,273,000 after acquiring an additional 103,374 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

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.