Today, Hercules Technology Growth Capital’s (HTGC) “Buy” Rating Reaffirm at JMP Securities

Today, Hercules Technology Growth Capital’s (HTGC) “Buy” Rating Reaffirm at JMP Securities

Hercules Technology Growth Capital Inc. (NYSE:HTGC)‘s stock had its “buy” rating reaffirmed by stock analysts at JMP Securities in a report released on Sunday.

Several other brokerages also recently commented on HTGC. Macquarie downgraded shares of Hercules Technology Growth Capital from an “outperform” rating to a “neutral” rating and set a $13.00 target price on the stock. in a report on Monday, July 25th. FBR & Co lifted their price objective on shares of Hercules Technology Growth Capital from $13.00 to $15.00 and gave the company an “outperform” rating in a report on Friday, August 5th. Jefferies Group lifted their price objective on shares of Hercules Technology Growth Capital from $14.00 to $15.00 and gave the company a “buy” rating in a report on Friday, August 5th. Finally, Zacks Investment Research upgraded shares of Hercules Technology Growth Capital from a “hold” rating to a “buy” rating and set a $15.00 price objective on the stock in a report on Tuesday, October 4th. Four analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $14.00.

Hercules Technology Growth Capital (NYSE:HTGC) traded up 1.47% during mid-day trading on Friday, reaching $13.85. 250,464 shares of the company’s stock traded hands. The firm has a 50-day moving average price of $13.53 and a 200-day moving average price of $13.08. Hercules Technology Growth Capital has a 1-year low of $9.92 and a 1-year high of $14.00. The stock has a market cap of $1.07 billion, a P/E ratio of 14.89 and a beta of 0.90.

Hercules Technology Growth Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, November 3rd. The company reported $0.32 earnings per share for the quarter, topping the consensus estimate of $0.31 by $0.01. Hercules Technology Growth Capital had a net margin of 41.18% and a return on equity of 11.69%. The business had revenue of $45.10 million for the quarter, compared to analyst estimates of $44.09 million. During the same quarter last year, the firm earned $0.33 EPS. Hercules Technology Growth Capital’s quarterly revenue was down 4.3% compared to the same quarter last year. Equities research analysts anticipate that Hercules Technology Growth Capital will post $1.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Monday, November 21st. Shareholders of record on Monday, November 14th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $1.24 dividend on an annualized basis and a yield of 8.95%. Hercules Technology Growth Capital’s dividend payout ratio (DPR) is 131.92%.

Large investors have recently made changes to their positions in the stock. ING Groep acquired a new stake in shares of Hercules Technology Growth Capital during the third quarter worth about $2,229,000. DNB Asset Management boosted its stake in Hercules Technology Growth Capital by 21.1% in the fourth quarter. DNB Asset Management now owns 50,539 shares of the company’s stock valued at $616,070 after buying an additional 8,800 shares in the last quarter. Muzinich & Company boosted its stake in Hercules Technology Growth Capital by 18.9% in the fourth quarter. Muzinich & Company now owns 454,450 shares of the company’s stock valued at $5,540,000 after buying an additional 72,236 shares in the last quarter. Stratos Wealth Partners LTD. boosted its stake in Hercules Technology Growth Capital by 55.3% in the first quarter. Stratos Wealth Partners LTD. now owns 16,635 shares of the company’s stock valued at $200,000 after buying an additional 5,925 shares in the last quarter. Finally, Commonwealth Equity Services Inc boosted its stake in Hercules Technology Growth Capital by 2.4% in the first quarter. Commonwealth Equity Services Inc now owns 30,002 shares of the company’s stock valued at $360,000 after buying an additional 709 shares in the last quarter. 40.40% of the stock is owned by institutional investors.

Hercules Technology Growth Capital Company Profile

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