55,029 Shares in Hercules Capital, Inc. $HTGC Acquired by Rare Wolf Capital LLC

Rare Wolf Capital LLC bought a new position in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm bought 55,029 shares of the financial services provider’s stock, valued at approximately $1,036,000.

A number of other institutional investors have also recently bought and sold shares of HTGC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC bought a new stake in shares of Hercules Capital in the 4th quarter valued at about $27,000. Caitlin John LLC bought a new stake in Hercules Capital in the third quarter valued at approximately $29,000. Cornerstone Planning Group LLC acquired a new stake in shares of Hercules Capital in the fourth quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. lifted its position in shares of Hercules Capital by 113.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,000 shares during the last quarter. Finally, Summit Securities Group LLC boosted its stake in shares of Hercules Capital by 233.3% during the 4th quarter. Summit Securities Group LLC now owns 2,000 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,400 shares during the period. Institutional investors own 19.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the company. UBS Group boosted their target price on Hercules Capital from $15.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, May 18th. Weiss Ratings cut shares of Hercules Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 24th. Keefe, Bruyette & Woods decreased their price objective on shares of Hercules Capital from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. Piper Sandler increased their price objective on shares of Hercules Capital from $16.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Finally, Citizens Jmp reduced their target price on shares of Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Hercules Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.21.

Hercules Capital Price Performance

Shares of NYSE HTGC opened at $15.51 on Friday. The firm has a market cap of $2.90 billion, a P/E ratio of 8.77 and a beta of 0.80. The business’s 50 day moving average is $15.59 and its 200-day moving average is $16.44. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.14. Hercules Capital, Inc. has a 1-year low of $13.70 and a 1-year high of $19.67.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $134.94 million for the quarter, compared to analyst estimates of $141.39 million. Hercules Capital had a return on equity of 16.05% and a net margin of 59.85%.The company’s revenue for the quarter was up 18.4% on a year-over-year basis. During the same period in the prior year, the firm posted $0.45 EPS. Equities research analysts predict that Hercules Capital, Inc. will post 1.93 earnings per share for the current year.

Hercules Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 14th. Hercules Capital’s dividend payout ratio (DPR) is currently 90.40%.

About Hercules Capital

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.