Commonwealth Equity Services LLC boosted its holdings in shares of Hercules Capital Inc (NYSE:HTGC) by 0.7% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 133,531 shares of the financial services provider’s stock after purchasing an additional 920 shares during the period. Commonwealth Equity Services LLC owned about 0.13% of Hercules Capital worth $1,785,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors have also recently modified their holdings of HTGC. Quantamental Technologies LLC purchased a new stake in shares of Hercules Capital in the 2nd quarter valued at approximately $127,000. Aperio Group LLC lifted its holdings in shares of Hercules Capital by 16.0% in the 2nd quarter. Aperio Group LLC now owns 48,510 shares of the financial services provider’s stock worth $622,000 after acquiring an additional 6,677 shares during the last quarter. Virtus ETF Advisers LLC acquired a new position in shares of Hercules Capital in the 2nd quarter worth approximately $3,368,000. Sound Income Strategies LLC lifted its holdings in shares of Hercules Capital by 13.8% in the 3rd quarter. Sound Income Strategies LLC now owns 1,903,877 shares of the financial services provider’s stock worth $25,455,000 after acquiring an additional 230,391 shares during the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Hercules Capital by 7.8% in the 2nd quarter. Northern Trust Corp now owns 251,944 shares of the financial services provider’s stock worth $3,230,000 after acquiring an additional 18,177 shares during the last quarter. Institutional investors and hedge funds own 33.21% of the company’s stock.
Hercules Capital stock traded up $0.02 during midday trading on Wednesday, hitting $14.24. 515,706 shares of the company’s stock were exchanged, compared to its average volume of 605,879. Hercules Capital Inc has a 12-month low of $10.57 and a 12-month high of $14.53. The stock has a market cap of $1.49 billion, a price-to-earnings ratio of 11.97 and a beta of 0.87. The company has a debt-to-equity ratio of 1.09, a quick ratio of 1.49 and a current ratio of 1.49. The firm’s 50 day simple moving average is $13.95 and its 200 day simple moving average is $13.27.
Hercules Capital (NYSE:HTGC) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.37 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Hercules Capital had a net margin of 44.00% and a return on equity of 12.94%. The company had revenue of $69.24 million during the quarter, compared to analysts’ expectations of $68.08 million. During the same quarter last year, the business earned $0.31 EPS. The business’s revenue was up 31.6% on a year-over-year basis. On average, equities research analysts forecast that Hercules Capital Inc will post 1.4 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, November 18th. Shareholders of record on Monday, November 11th were given a dividend of $0.03 per share. This represents a $0.12 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date of this dividend was Thursday, November 7th. Hercules Capital’s payout ratio is currently 107.56%.
A number of equities research analysts have issued reports on HTGC shares. TheStreet upgraded shares of Hercules Capital from a “c+” rating to a “b” rating in a report on Monday, September 16th. JMP Securities set a $15.00 target price on shares of Hercules Capital and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Wells Fargo & Co raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating in a research report on Monday, November 4th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average target price of $13.61.
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.
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