Concurrent Investment Advisors LLC Has $603,000 Position in Hercules Capital, Inc. $HTGC

Concurrent Investment Advisors LLC increased its position in Hercules Capital, Inc. (NYSE:HTGC) by 15.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 32,993 shares of the financial services provider’s stock after buying an additional 4,396 shares during the period. Concurrent Investment Advisors LLC’s holdings in Hercules Capital were worth $603,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. N.E.W. Advisory Services LLC acquired a new position in Hercules Capital during the first quarter valued at approximately $30,000. Alpine Bank Wealth Management acquired a new position in Hercules Capital during the second quarter valued at approximately $33,000. Bessemer Group Inc. acquired a new position in Hercules Capital during the first quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. grew its holdings in Hercules Capital by 51.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,629 shares of the financial services provider’s stock valued at $51,000 after purchasing an additional 897 shares during the last quarter. Finally, Farther Finance Advisors LLC grew 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 valued at $82,000 after purchasing an additional 1,901 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analyst Weigh In

HTGC has been the topic of several analyst reports. Weiss Ratings reiterated a “buy (b)” rating on shares of Hercules Capital in a report on Wednesday, October 8th. Piper Sandler lowered their price target on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating on the stock in a report on Thursday, October 9th. Citigroup reiterated an “outperform” rating on shares of Hercules Capital in a report on Monday, August 4th. UBS Group lowered their price target on Hercules Capital from $19.00 to $18.50 and set a “neutral” rating on the stock in a report on Tuesday. Finally, JMP Securities increased their price objective on Hercules Capital from $22.00 to $24.00 and gave the company a “market outperform” rating in a research report on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $20.42.

Hercules Capital Stock Up 0.8%

HTGC opened at $17.31 on Friday. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.96. The stock has a market capitalization of $3.14 billion, a price-to-earnings ratio of 11.46 and a beta of 0.96. The business has a 50 day moving average of $18.84 and a 200-day moving average of $18.35.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.The company had revenue of $137.46 million during the quarter, compared to analysts’ expectations of $129.47 million. During the same period in the prior year, the business earned $0.51 earnings per share. Hercules Capital’s revenue for the quarter was up 10.0% compared to the same quarter last year. As a group, sell-side analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.9%. This is an increase from Hercules Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 12th. Hercules Capital’s dividend payout ratio (DPR) is 105.96%.

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.