Hercules Capital Inc (NYSE:HTGC) – Analysts at B. Riley increased their FY2019 earnings per share estimates for Hercules Capital in a research report issued on Friday, February 22nd. B. Riley analyst T. Hayes now forecasts that the financial services provider will post earnings per share of $1.35 for the year, up from their prior forecast of $1.34. B. Riley currently has a “Buy” rating and a $15.00 target price on the stock. B. Riley also issued estimates for Hercules Capital’s Q1 2020 earnings at $0.36 EPS, Q2 2020 earnings at $0.36 EPS, Q4 2020 earnings at $0.37 EPS and FY2020 earnings at $1.46 EPS.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 21st. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.31 by $0.01. Hercules Capital had a return on equity of 11.97% and a net margin of 36.82%. The firm had revenue of $56.89 million during the quarter, compared to analysts’ expectations of $54.87 million. During the same period in the prior year, the business earned $0.29 EPS. The company’s revenue for the quarter was up 13.3% compared to the same quarter last year.
Other equities analysts have also recently issued reports about the company. Zacks Investment Researchupgraded Hercules Capital from a “hold” rating to a “buy” rating and set a $13.00 price objective for the company in a report on Friday, January 4th. ValuEngine upgraded Hercules Capital from a “sell” rating to a “hold” rating in a report on Tuesday, December 25th. Finally, Wells Fargo & Co cut their price objective on Hercules Capital from $14.25 to $14.00 and set an “outperform” rating for the company in a report on Monday, November 5th. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus price target of $14.25.
HTGC opened at $14.04 on Monday. Hercules Capital has a 12-month low of $10.57 and a 12-month high of $14.17. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.86 and a quick ratio of 2.86. The stock has a market capitalization of $1.35 billion, a PE ratio of 11.80, a PEG ratio of 10.54 and a beta of 1.00.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Covington Capital Management bought a new stake in shares of Hercules Capital in the 4th quarter valued at about $39,000. EJF Capital LLC bought a new stake in shares of Hercules Capital in the 4th quarter valued at about $111,000. Sigma Planning Corp bought a new stake in shares of Hercules Capital in the 4th quarter valued at about $127,000. First Republic Investment Management Inc. bought a new stake in shares of Hercules Capital in the 3rd quarter valued at about $157,000. Finally, First Allied Advisory Services Inc. lifted its stake in shares of Hercules Capital by 16.2% in the 4th quarter. First Allied Advisory Services Inc. now owns 15,747 shares of the financial services provider’s stock valued at $174,000 after acquiring an additional 2,199 shares during the last quarter. 38.70% of the stock is owned by institutional investors.
The business also recently announced a quarterly dividend, which will be paid on Monday, March 11th. Stockholders of record on Monday, March 4th will be paid a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.83%. The ex-dividend date of this dividend is Friday, March 1st. Hercules Capital’s dividend payout ratio (DPR) is presently 104.20%.
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.