Penbrook Management LLC Sells 10,419 Shares of Hercules Capital, Inc. $HTGC

Penbrook Management LLC lowered its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 41.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,563 shares of the financial services provider’s stock after selling 10,419 shares during the quarter. Penbrook Management LLC’s holdings in Hercules Capital were worth $266,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. CWM LLC boosted its position in shares of Hercules Capital by 79.6% during the 2nd quarter. CWM LLC now owns 1,381 shares of the financial services provider’s stock worth $25,000 after purchasing an additional 612 shares in the last quarter. N.E.W. Advisory Services LLC bought a new position in shares of Hercules Capital during the 1st quarter worth about $30,000. Alpine Bank Wealth Management bought a new position in shares of Hercules Capital during the 2nd quarter worth about $33,000. Bessemer Group Inc. bought a new position in shares of Hercules Capital during the 1st quarter worth about $38,000. Finally, Northwestern Mutual Wealth Management Co. boosted its position in shares of Hercules Capital by 51.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,629 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 897 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Up 2.5%

NYSE:HTGC opened at $17.12 on Tuesday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.68 and a current ratio of 1.68. The firm has a market cap of $3.11 billion, a price-to-earnings ratio of 11.33 and a beta of 0.96. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04. The firm has a 50-day moving average price of $19.01 and a two-hundred day moving average price of $18.39.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. The firm had revenue of $137.46 million during the quarter, compared to analyst estimates of $129.47 million. Hercules Capital had a net margin of 51.46% and a return on equity of 16.54%. The company’s revenue for the quarter was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. On average, equities analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a $0.47 dividend. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.40. The ex-dividend date was Tuesday, August 12th. This represents a $1.88 annualized dividend and a yield of 11.0%. Hercules Capital’s dividend payout ratio (DPR) is 105.96%.

Analysts Set New Price Targets

A number of research firms have recently issued reports on HTGC. JMP Securities increased their price objective on shares of Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, August 4th. Citigroup reissued an “outperform” rating on shares of Hercules Capital in a research report on Monday, August 4th. UBS Group upped their target price on shares of Hercules Capital from $18.50 to $19.00 and gave the stock a “neutral” rating in a report on Wednesday, July 16th. Piper Sandler lowered their target price on shares of Hercules Capital from $21.00 to $20.50 and set an “overweight” rating on the stock in a report on Thursday. Finally, Weiss Ratings restated a “buy (b)” rating on shares of Hercules Capital in a report on Wednesday, October 8th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat.com, Hercules Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.50.

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.