Prime Capital Investment Advisors LLC Sells 7,404 Shares of Hercules Capital, Inc. $HTGC

Prime Capital Investment Advisors LLC cut its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 23.7% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 23,881 shares of the financial services provider’s stock after selling 7,404 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Hercules Capital were worth $437,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of HTGC. Farther Finance Advisors LLC lifted its holdings in Hercules Capital by 79.5% during the first quarter. Farther Finance Advisors LLC now owns 4,292 shares of the financial services provider’s stock worth $82,000 after buying an additional 1,901 shares during the period. Elevation Point Wealth Partners LLC lifted its stake in shares of Hercules Capital by 4.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 153,851 shares of the financial services provider’s stock worth $2,955,000 after purchasing an additional 6,309 shares during the last quarter. BigSur Wealth Management LLC lifted its stake in shares of Hercules Capital by 61.2% during the 1st quarter. BigSur Wealth Management LLC now owns 39,500 shares of the financial services provider’s stock worth $759,000 after purchasing an additional 15,000 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its stake in shares of Hercules Capital by 2.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider’s stock worth $631,000 after purchasing an additional 628 shares during the last quarter. Finally, Sound Income Strategies LLC lifted its stake in shares of Hercules Capital by 2.1% during the 1st quarter. Sound Income Strategies LLC now owns 2,874,455 shares of the financial services provider’s stock worth $55,218,000 after purchasing an additional 59,241 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on the company. UBS Group increased their price objective on Hercules Capital from $18.50 to $19.00 and gave the company a “neutral” rating in a report on Wednesday, July 16th. Piper Sandler dropped their price target on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating on the stock in a research note on Thursday. Citigroup restated 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. Finally, JMP Securities lifted their target price on shares of Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, August 4th. Six research analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.50.

Hercules Capital Trading Down 2.0%

NYSE HTGC opened at $16.72 on Friday. The company has a market capitalization of $3.04 billion, a PE ratio of 11.07 and a beta of 0.96. The company has a fifty day moving average of $19.06 and a 200 day moving average of $18.42. Hercules Capital, Inc. has a 1 year low of $15.65 and a 1 year high of $22.04. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 1.68.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $137.46 million during the quarter, compared to the consensus estimate of $129.47 million. Hercules Capital had a net margin of 51.46% and a return on equity of 16.54%. The firm’s quarterly revenue was up 10.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.51 earnings per share. Research analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were issued a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This is a boost from Hercules Capital’s previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a yield of 11.2%. Hercules Capital’s dividend payout ratio is presently 105.96%.

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.