Apollon Wealth Management LLC Has $349,000 Stock Holdings in Hercules Capital, Inc. $HTGC

Apollon Wealth Management LLC lessened its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 4.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 19,103 shares of the financial services provider’s stock after selling 970 shares during the period. Apollon Wealth Management LLC’s holdings in Hercules Capital were worth $349,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Farther Finance Advisors LLC increased its position in shares of Hercules Capital by 79.5% during the 1st quarter. Farther Finance Advisors LLC now owns 4,292 shares of the financial services provider’s stock worth $82,000 after purchasing an additional 1,901 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in Hercules Capital by 2.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider’s stock valued at $631,000 after acquiring an additional 628 shares during the last quarter. Cornerstone Wealth Management LLC lifted its stake in Hercules Capital by 9.5% in the first quarter. Cornerstone Wealth Management LLC now owns 23,470 shares of the financial services provider’s stock valued at $451,000 after acquiring an additional 2,029 shares during the last quarter. ORG Partners LLC lifted its stake in Hercules Capital by 37.1% in the first quarter. ORG Partners LLC now owns 11,756 shares of the financial services provider’s stock valued at $225,000 after acquiring an additional 3,181 shares during the last quarter. Finally, Abundance Wealth Counselors lifted its stake in Hercules Capital by 4.3% in the first quarter. Abundance Wealth Counselors now owns 58,155 shares of the financial services provider’s stock valued at $1,117,000 after acquiring an additional 2,407 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Up 0.8%

HTGC stock opened at $17.31 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 1.68. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 11.46 and a beta of 0.96. The business’s fifty day moving average price is $18.84 and its two-hundred day moving average price is $18.35. Hercules Capital, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $22.04.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results 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. Hercules Capital had a net margin of 51.46% and a return on equity of 16.54%. The business had revenue of $137.46 million for the quarter, compared to the consensus estimate of $129.47 million. During the same period in the prior year, the company posted $0.51 earnings per share. Hercules Capital’s revenue was up 10.0% compared to the same quarter last year. On average, equities analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were given a $0.47 dividend. The ex-dividend date was Tuesday, August 12th. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.9%. Hercules Capital’s dividend payout ratio (DPR) is presently 105.96%.

Analysts Set New Price Targets

HTGC has been the subject of several recent analyst reports. Citigroup reiterated an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. Weiss Ratings reiterated a “buy (b)” rating on shares of Hercules Capital in a research note on Wednesday, October 8th. Piper Sandler reduced their target price on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Thursday, October 9th. UBS Group cut their price target on Hercules Capital from $19.00 to $18.50 and set a “neutral” rating for the company in a report on Tuesday. Finally, JMP Securities raised their price target on Hercules Capital from $22.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, August 4th. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Hercules Capital has a consensus rating of “Moderate Buy” and an average target price of $20.42.

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.