Sharpepoint LLC Purchases 41,867 Shares of Hercules Capital, Inc. $HTGC

Sharpepoint LLC lifted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 41.6% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 142,488 shares of the financial services provider’s stock after purchasing an additional 41,867 shares during the period. Sharpepoint LLC owned 0.08% of Hercules Capital worth $2,105,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Fox Run Management L.L.C. raised its holdings in shares of Hercules Capital by 2.8% in the fourth quarter. Fox Run Management L.L.C. now owns 24,354 shares of the financial services provider’s stock valued at $458,000 after buying an additional 657 shares during the last quarter. Centaurus Financial Inc. grew its holdings in Hercules Capital by 1.8% during the 3rd quarter. Centaurus Financial Inc. now owns 37,819 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 675 shares during the last quarter. Allworth Financial LP increased its position in Hercules Capital by 11.4% in the 3rd quarter. Allworth Financial LP now owns 6,652 shares of the financial services provider’s stock valued at $126,000 after acquiring an additional 680 shares in the last quarter. Mariner LLC raised its stake in shares of Hercules Capital by 1.4% in the fourth quarter. Mariner LLC now owns 56,453 shares of the financial services provider’s stock worth $1,062,000 after acquiring an additional 764 shares during the last quarter. Finally, Signaturefd LLC raised its stake in shares of Hercules Capital by 17.0% in the fourth quarter. Signaturefd LLC now owns 5,672 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 824 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Hercules Capital from $19.00 to $18.00 and set an “outperform” rating on the stock in a research note on Thursday, April 16th. Weiss Ratings restated a “hold (c)” rating on shares of Hercules Capital in a research report on Wednesday, June 17th. Piper Sandler upped their price objective on Hercules Capital from $16.50 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Citizens Jmp decreased their price objective on Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Finally, UBS Group lifted their target price on Hercules Capital from $15.00 to $15.50 and gave the company a “neutral” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat.com, Hercules Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.21.

Hercules Capital Trading Up 0.4%

NYSE:HTGC opened at $16.10 on Thursday. 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. The firm has a market capitalization of $3.01 billion, a price-to-earnings ratio of 9.10 and a beta of 0.79. The business’s 50-day moving average price is $15.64 and its two-hundred day moving average price is $16.05.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results 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 company had revenue of $134.94 million during the quarter, compared to analysts’ expectations of $141.39 million. Hercules Capital had a return on equity of 16.05% and a net margin of 59.85%.Hercules Capital’s revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business posted $0.45 EPS. On average, equities analysts expect that Hercules Capital, Inc. will post 1.93 earnings per share for the current year.

Hercules Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were issued a dividend of $0.07 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.7%. Hercules Capital’s payout ratio is currently 90.40%.

Hercules Capital Profile

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.