Blair William & Co. IL Grows Stock Position in Hercules Capital, Inc. $HTGC

Blair William & Co. IL raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.6% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 203,205 shares of the financial services provider’s stock after acquiring an additional 3,205 shares during the period. Blair William & Co. IL’s holdings in Hercules Capital were worth $3,715,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bessemer Group Inc. purchased a new position in shares of Hercules Capital in the 1st quarter valued at about $38,000. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of Hercules Capital by 12.9% in the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 499,699 shares of the financial services provider’s stock valued at $9,599,000 after purchasing an additional 56,932 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its stake in shares of Hercules Capital by 2.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider’s stock valued at $631,000 after purchasing an additional 628 shares in the last quarter. Royal Bank of Canada increased its stake in shares of Hercules Capital by 2.0% in the 1st quarter. Royal Bank of Canada now owns 804,077 shares of the financial services provider’s stock valued at $15,446,000 after purchasing an additional 15,724 shares in the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. increased its stake in shares of Hercules Capital by 26.5% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,405 shares of the financial services provider’s stock valued at $432,000 after purchasing an additional 4,688 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

HTGC has been the subject of several recent analyst reports. Piper Sandler cut their price target on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Thursday. Citigroup restated an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. JMP Securities boosted their price objective on Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, August 4th. UBS Group boosted their price objective on Hercules Capital from $18.50 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Finally, Weiss Ratings reiterated a “buy (b)” rating on shares of Hercules Capital in a research note on Wednesday, October 8th. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

Hercules Capital Trading Up 2.5%

Shares of Hercules Capital stock opened at $17.12 on Tuesday. The stock has a market cap of $3.11 billion, a P/E ratio of 11.33 and a beta of 0.96. The stock’s 50 day simple moving average is $19.01 and its 200-day simple moving average is $18.39. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 1.68.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, July 31st. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The business had revenue of $137.46 million for the quarter, compared to analysts’ expectations of $129.47 million. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.The business’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.51 EPS. Analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.88 annualized dividend and a dividend yield of 11.0%. This is an increase from Hercules Capital’s previous quarterly dividend of $0.40. Hercules Capital’s payout ratio is presently 105.96%.

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.