Advisory Alpha LLC bought a new position in shares of Hercules Capital Inc (NYSE:HTGC) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,557 shares of the financial services provider’s stock, valued at approximately $49,000.
A number of other institutional investors and hedge funds have also bought and sold shares of HTGC. Trustcore Financial Services LLC acquired a new stake in Hercules Capital in the first quarter valued at approximately $25,000. Osborn Williams & Donohoe LLC acquired a new stake in Hercules Capital in the first quarter valued at approximately $30,000. Cordasco Financial Network acquired a new stake in Hercules Capital in the first quarter valued at approximately $31,000. Covington Capital Management acquired a new stake in Hercules Capital in the fourth quarter valued at approximately $39,000. Finally, Smithfield Trust Co. acquired a new stake in Hercules Capital in the first quarter valued at approximately $88,000. 33.88% of the stock is owned by hedge funds and other institutional investors.
Several analysts have issued reports on HTGC shares. B. Riley raised shares of Hercules Capital from a “neutral” rating to a “buy” rating and increased their price objective for the company from $11.50 to $15.00 in a research report on Friday, May 3rd. Zacks Investment Research raised shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 price objective for the company in a research report on Wednesday, April 24th. Wedbush reduced their target price on Hercules Capital from $15.00 to $13.50 and set a “hold” rating for the company in a research note on Wednesday, March 13th. Keefe, Bruyette & Woods cut Hercules Capital from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $14.00 to $11.50 in a research note on Wednesday, March 13th. Finally, Wells Fargo & Co cut Hercules Capital from an “outperform” rating to a “market perform” rating and increased their target price for the company from $12.75 to $13.25 in a research note on Monday, May 6th. They noted that the move was a valuation call. Seven analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Hercules Capital currently has a consensus rating of “Hold” and a consensus target price of $13.68.
Hercules Capital stock opened at $12.83 on Friday. The company has a market cap of $1.25 billion, a PE ratio of 10.78 and a beta of 0.92. The company has a debt-to-equity ratio of 1.09, a current ratio of 1.66 and a quick ratio of 1.66. Hercules Capital Inc has a 52 week low of $10.57 and a 52 week high of $14.17.
Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.30 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). The business had revenue of $58.80 million for the quarter, compared to analysts’ expectations of $59.36 million. Hercules Capital had a net margin of 60.65% and a return on equity of 11.71%. The business’s quarterly revenue was up 20.7% compared to the same quarter last year. During the same quarter last year, the company posted $0.34 earnings per share. As a group, analysts forecast that Hercules Capital Inc will post 1.32 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, May 20th. Stockholders of record on Monday, May 13th were paid a dividend of $0.32 per share. This is a boost from Hercules Capital’s previous quarterly dividend of $0.31. This represents a $1.28 annualized dividend and a dividend yield of 9.98%. The ex-dividend date of this dividend was Friday, May 10th. Hercules Capital’s dividend payout ratio is 107.56%.
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Hercules Capital Company 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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