Hercules Capital, Inc. 6.25% No (NYSE:HTGX) Experiences Heavy Trading Volume

Modesto Morganelli
Settembre 21, 2017

Raymond James Financial, Inc. reissued an underperform rating on shares of Hercules Capital in a research report on Friday, August 4th. (NYSE:HTGC) by 148.7% during the fourth quarter, according to its most recent disclosure with the SEC. BB&T Securities LLC now owns 55,940 shares of the financial services provider's stock worth $740,000 after acquiring an additional 41,379 shares in the last quarter.

Hercules Capital, Inc is a specialty finance company.

Several other institutional investors also recently modified their holdings of HTGC. UBS Group AG boosted its position in shares of Hercules Capital by 5.6% in the third quarter. Bank of Montreal Can now owns 68,208 shares of the financial services provider's stock worth $1,032,000 after buying an additional 61,000 shares during the last quarter. Northpointe Capital LLC boosted its stake in Hercules Capital by 26.7% in the third quarter. BB&T Securities LLC boosted its holdings in Hercules Capital by 284.2% in the second quarter. Edge Asset Management, Inc augmented its holdings by buying 28,401 shares an increase of 1.7% from 12/31/2016 to 03/31/2017. Homrich & Berg increased its position in Hercules Capital by 2.3% during the second quarter. Hercules Capital's revenue was up 11.3% compared to the same quarter a year ago. Confluence Investment Management LLC now owns 723,872 shares of the company's stock worth $9,816,000 after buying an additional 29,958 shares in the last quarter. Analysts expect next quarter's EPS to be $0.30 and the next full year EPS is projected to be $1.31. (NYSE:HTGC) traded up 0.2282% during midday trading on Friday, hitting $14.9741. Overall, volume was up 114.27% over the stocks normal daily volume. It is trading at $25.49 which is just a bit higher than the 50 day moving average of $25.46 and a tad below the 200 day moving average of $25.54. With short interest at 9,850 and short average daily volume at 13,966, the short-interest ratio is 1.0 and the percentage of shorted shares was 0.00% on August 31.

Shares of Hercules Capital (HTGC) opened at 12.40 on Tuesday. During the same period past year, the firm posted $0.32 earnings per share. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The business had revenue of $48.45 million for the quarter, compared to the consensus estimate of $48.25 million. During the same period in the prior year, the company earned $0.29 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter a year ago. Hercules Capital's dividend payout ratio (DPR) is now 134.78%. The company also announced a dividend for shareholders paid on Monday the 21st of August 2017. This represents a $1.24 dividend on an annualized basis and a yield of 10.00%. The ex-dividend date of this dividend is Thursday, March 2nd. Hercules Capital's dividend payout ratio (DPR) is presently 134.78%.

A number of equities analysts recently issued reports on the company. The stock now has an average rating of "Hold" and a consensus target price of $14.94. They noted that the move was a valuation call. Finally, Zacks Investment Research cut Hercules Capital from a "buy" rating to a "hold" rating in a report on Friday, January 27th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company's stock. Hercules Capital now has a consensus rating of "Hold" and a consensus price target of $14.60. The Company is focused on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences and sustainable and renewable technology industries.

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