Hercules Capital (NYSE:HTGC) Issues Earnings Results

Hercules Capital (NYSE:HTGC) announced its earnings results on Thursday. The financial services provider reported $0.49 earnings per share for the quarter, meeting 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 traded up $0.21 during midday trading on Friday, hitting $21.26. 1,933,511 shares of the company traded hands, compared to its average volume of 755,522. The firm has a 50 day moving average of $20.24 and a 200-day moving average of $19.62. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The stock has a market cap of $3.45 billion, a price-to-earnings ratio of 10.53 and a beta of 1.35. Hercules Capital has a 52 week low of $16.95 and a 52 week high of $21.78.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 8.84%. The ex-dividend date of this dividend is Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on HTGC shares. Wells Fargo & Company upped their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and upped their price objective for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a report on Friday.

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.