Hercules Capital, Inc. (NYSE:HTGC) Short Interest Update

Hercules Capital, Inc. (NYSE:HTGCGet Free Report) was the recipient of a large increase in short interest in the month of October. As of October 31st, there was short interest totalling 7,020,000 shares, an increase of 6.8% from the October 15th total of 6,570,000 shares. Based on an average daily volume of 888,100 shares, the days-to-cover ratio is currently 7.9 days.

Hedge Funds Weigh In On Hercules Capital

Several hedge funds have recently bought and sold shares of HTGC. Raymond James Financial Services Advisors Inc. increased its stake in Hercules Capital by 50.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 57,981 shares of the financial services provider’s stock valued at $1,048,000 after purchasing an additional 19,566 shares in the last quarter. HighTower Advisors LLC increased its stake in Hercules Capital by 10.5% in the 1st quarter. HighTower Advisors LLC now owns 52,376 shares of the financial services provider’s stock valued at $947,000 after purchasing an additional 4,961 shares in the last quarter. Cetera Advisor Networks LLC grew its holdings in Hercules Capital by 11.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 14,459 shares of the financial services provider’s stock valued at $261,000 after buying an additional 1,526 shares during the last quarter. Mariner LLC acquired a new stake in Hercules Capital during the 1st quarter valued at $289,000. Finally, Verition Fund Management LLC acquired a new stake in Hercules Capital during the 1st quarter valued at $184,000. 25.73% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Stock Performance

Shares of HTGC stock opened at $15.64 on Friday. The company has a market cap of $2.36 billion, a price-to-earnings ratio of 7.82 and a beta of 1.40. The stock has a 50 day simple moving average of $15.98 and a 200-day simple moving average of $15.55. Hercules Capital has a 12-month low of $10.94 and a 12-month high of $18.05. The company has a current ratio of 1.50, a quick ratio of 1.50 and a debt-to-equity ratio of 0.99.

Hercules Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, November 22nd. Stockholders of record on Wednesday, November 15th will be paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 12.28%. The ex-dividend date of this dividend is Tuesday, November 14th. Hercules Capital’s dividend payout ratio (DPR) is 80.00%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on HTGC shares. Compass Point raised Hercules Capital from a “neutral” rating to a “buy” rating and set a $17.50 target price for the company in a research report on Wednesday, August 30th. Keefe, Bruyette & Woods raised Hercules Capital from an “underperform” rating to a “market perform” rating and increased their price objective for the stock from $13.50 to $17.00 in a research report on Friday, August 4th. LADENBURG THALM/SH SH increased their price objective on Hercules Capital from $17.00 to $18.50 in a research report on Friday, August 4th. JMP Securities increased their price objective on Hercules Capital from $15.00 to $18.00 and gave the stock an “outperform” rating in a research report on Friday, August 11th. Finally, Oppenheimer increased their price objective on Hercules Capital from $13.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, August 4th. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $17.29.

Check Out Our Latest Analysis on HTGC

About Hercules Capital

(Get Free Report)

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.

Read More

Receive News & Ratings for Hercules Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital and related companies with MarketBeat.com's FREE daily email newsletter.