Hercules Capital (NYSE:HTGC) Releases Quarterly Earnings Results, Misses Expectations By $0.01 EPS

Hercules Capital (NYSE:HTGC) released its quarterly earnings results on Thursday. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.33 by ($0.01), MarketWatch Earnings reports. Hercules Capital had a net margin of 34.44% and a return on equity of 14.05%. The company had revenue of $67.97 million for the quarter, compared to the consensus estimate of $69.34 million.

Shares of NYSE:HTGC traded up $0.02 during mid-day trading on Friday, reaching $11.04. The stock had a trading volume of 1,311,578 shares, compared to its average volume of 671,422. The company has a market cap of $1.22 billion, a P/E ratio of 12.55 and a beta of 1.48. The business’s 50 day moving average price is $10.59 and its 200 day moving average price is $11.39. The company has a current ratio of 2.25, a quick ratio of 2.25 and a debt-to-equity ratio of 1.09. Hercules Capital has a 1 year low of $5.42 and a 1 year high of $16.40.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 17th. Stockholders of record on Monday, August 10th will be issued a $0.32 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.28 annualized dividend and a dividend yield of 11.59%. Hercules Capital’s dividend payout ratio (DPR) is 90.78%.

A number of research analysts have recently weighed in on HTGC shares. JMP Securities lowered their price objective on Hercules Capital from $16.50 to $12.50 and set a “market outperform” rating on the stock in a research report on Tuesday, May 5th. B. Riley reiterated a “buy” rating and issued a $12.00 price target on shares of Hercules Capital in a research report on Thursday, June 4th. Wells Fargo & Co raised their price objective on shares of Hercules Capital from $10.75 to $11.25 and gave the company an “overweight” rating in a research report on Monday, April 27th. Compass Point raised shares of Hercules Capital from a “neutral” rating to a “buy” rating and upped their target price for the stock from $10.25 to $12.75 in a report on Friday. Finally, Wedbush decreased their price target on Hercules Capital from $15.00 to $13.50 and set an “outperform” rating on the stock in a report on Wednesday, May 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $11.64.

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.

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Earnings History for Hercules Capital (NYSE:HTGC)

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