Rational Advisors LLC Invests $206,000 in Hercules Capital Inc (HTGC) Stock

Rational Advisors LLC bought a new stake in shares of Hercules Capital Inc (NYSE:HTGC) in the first quarter, HoldingsChannel reports. The institutional investor bought 16,270 shares of the financial services provider’s stock, valued at approximately $206,000.

Other hedge funds have also made changes to their positions in the company. SHANDA ASSET MANAGEMENT HOLDINGS Ltd boosted its position in shares of Hercules Capital by 28.9% in the fourth quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 2,102,327 shares of the financial services provider’s stock worth $23,231,000 after purchasing an additional 471,571 shares during the period. Monarch Partners Asset Management LLC lifted its position in Hercules Capital by 145.0% during the fourth quarter. Monarch Partners Asset Management LLC now owns 733,428 shares of the financial services provider’s stock valued at $8,104,000 after purchasing an additional 434,050 shares during the last quarter. Bank of Montreal Can lifted its position in Hercules Capital by 542.4% during the first quarter. Bank of Montreal Can now owns 303,671 shares of the financial services provider’s stock valued at $3,844,000 after purchasing an additional 256,401 shares during the last quarter. California Public Employees Retirement System raised its stake in shares of Hercules Capital by 287.8% in the fourth quarter. California Public Employees Retirement System now owns 129,900 shares of the financial services provider’s stock valued at $1,435,000 after acquiring an additional 96,400 shares during the period. Finally, Mckinley Capital Management LLC Delaware raised its stake in shares of Hercules Capital by 30.4% in the fourth quarter. Mckinley Capital Management LLC Delaware now owns 407,074 shares of the financial services provider’s stock valued at $4,499,000 after acquiring an additional 94,889 shares during the period. 35.38% of the stock is owned by institutional investors and hedge funds.

Several brokerages have recently weighed in on HTGC. B. Riley downgraded shares of Hercules Capital from a “buy” rating to a “neutral” rating in a research note on Friday, May 17th. Zacks Investment Research downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Monday, May 6th. Wells Fargo & Co downgraded shares of Hercules Capital from an “outperform” rating to a “market perform” rating and increased their target price for the company from $12.75 to $13.25 in a research note on Monday, May 6th. They noted that the move was a valuation call. Wedbush reduced their target price on shares of Hercules Capital from $15.00 to $13.50 and set a “hold” rating on the stock in a research note on Wednesday, March 13th. Finally, Keefe, Bruyette & Woods downgraded shares of Hercules Capital from an “outperform” rating to a “market perform” rating and reduced their target price for the company from $14.00 to $11.50 in a research note on Wednesday, March 13th. Seven research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $13.68.

Shares of HTGC opened at $13.24 on Friday. Hercules Capital Inc has a twelve month low of $10.57 and a twelve month high of $14.17. The firm has a market capitalization of $1.29 billion, a PE ratio of 11.13 and a beta of 1.02. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 1.09.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, May 2nd. The financial services provider reported $0.30 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.31 by ($0.01). Hercules Capital had a net margin of 60.65% and a return on equity of 11.71%. The firm had revenue of $58.80 million during the quarter, compared to analysts’ expectations of $59.36 million. During the same period in the prior year, the company posted $0.34 EPS. The company’s revenue was up 20.7% compared to the same quarter last year. On average, equities research analysts predict that Hercules Capital Inc will post 1.32 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Monday, May 20th. Investors of record on Monday, May 13th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 9.67%. The ex-dividend date was Friday, May 10th. This is an increase from Hercules Capital’s previous quarterly dividend of $0.31. Hercules Capital’s dividend payout ratio (DPR) is currently 107.56%.

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About Hercules Capital

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.

See Also: Capital Gains

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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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