Sheaff Brock Investment Advisors LLC acquired a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC – Get Rating) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 10,186 shares of the financial services provider’s stock, valued at approximately $184,000.
Other institutional investors have also recently modified their holdings of the company. Coastal Bridge Advisors LLC grew its position in Hercules Capital by 2.2% during the 4th quarter. Coastal Bridge Advisors LLC now owns 31,304 shares of the financial services provider’s stock worth $519,000 after acquiring an additional 663 shares during the last quarter. Peak Financial Advisors LLC grew its position in Hercules Capital by 8.0% during the 1st quarter. Peak Financial Advisors LLC now owns 11,315 shares of the financial services provider’s stock worth $204,000 after acquiring an additional 840 shares during the last quarter. Naples Global Advisors LLC grew its position in Hercules Capital by 1.8% during the 4th quarter. Naples Global Advisors LLC now owns 52,838 shares of the financial services provider’s stock worth $877,000 after acquiring an additional 947 shares during the last quarter. Total Clarity Wealth Management Inc. grew its position in Hercules Capital by 10.2% during the 4th quarter. Total Clarity Wealth Management Inc. now owns 11,481 shares of the financial services provider’s stock worth $190,000 after acquiring an additional 1,067 shares during the last quarter. Finally, Belpointe Asset Management LLC grew its position in Hercules Capital by 9.4% during the 1st quarter. Belpointe Asset Management LLC now owns 12,781 shares of the financial services provider’s stock worth $231,000 after acquiring an additional 1,102 shares during the last quarter. 25.51% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities analysts recently issued reports on the company. TheStreet lowered Hercules Capital from a “b” rating to a “c-” rating in a research report on Monday, July 11th. StockNews.com lowered Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. Wells Fargo & Company lifted their price objective on Hercules Capital from $18.50 to $19.00 and gave the stock an “overweight” rating in a research report on Monday, April 25th. Piper Sandler cut their price objective on Hercules Capital from $18.50 to $15.50 and set a “neutral” rating on the stock in a research report on Tuesday, June 28th. Finally, Keefe, Bruyette & Woods lowered Hercules Capital from an “outperform” rating to a “market perform” rating and set a $18.00 price objective on the stock. in a research report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $17.66.
Insider Buying and Selling at Hercules Capital
Hercules Capital Trading Up 2.8 %
HTGC opened at $16.02 on Friday. The stock has a market cap of $2.04 billion, a PE ratio of 145.65, a PEG ratio of 0.46 and a beta of 1.36. The company has a quick ratio of 3.84, a current ratio of 3.84 and a debt-to-equity ratio of 1.13. The business has a 50 day moving average of $14.14 and a 200-day moving average of $16.19. Hercules Capital, Inc. has a 52 week low of $12.61 and a 52 week high of $19.09.
Hercules Capital (NYSE:HTGC – Get Rating) last released its earnings results on Thursday, July 28th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $72.12 million during the quarter, compared to analysts’ expectations of $72.41 million. Hercules Capital had a net margin of 4.86% and a return on equity of 11.63%. The company’s revenue for the quarter was up 3.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.32 EPS. Equities research analysts predict that Hercules Capital, Inc. will post 1.35 earnings per share for the current fiscal year.
Hercules Capital Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th will be paid a dividend of $0.50 per share. This is a boost from Hercules Capital’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend is Monday, August 8th. This represents a $2.00 dividend on an annualized basis and a yield of 12.48%. Hercules Capital’s payout ratio is presently 1,200.11%.
Hercules Capital 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.
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