Sharpepoint LLC grew its holdings in Hercules Capital, Inc. (NYSE:HTGC – Free Report) by 41.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 142,488 shares of the financial services provider’s stock after acquiring an additional 41,867 shares during the quarter. Sharpepoint LLC’s holdings in Hercules Capital were worth $2,105,000 at the end of the most recent reporting period.
Other hedge funds also recently modified their holdings of the company. Sound Income Strategies LLC lifted its holdings in shares of Hercules Capital by 25.1% during the 1st quarter. Sound Income Strategies LLC now owns 3,382,058 shares of the financial services provider’s stock valued at $49,243,000 after purchasing an additional 678,783 shares in the last quarter. Marshall Wace LLP acquired a new stake in Hercules Capital during the 3rd quarter worth approximately $11,199,000. Qube Research & Technologies Ltd raised its holdings in Hercules Capital by 425.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 580,414 shares of the financial services provider’s stock worth $10,610,000 after buying an additional 469,989 shares during the period. UBS Group AG lifted its stake in Hercules Capital by 26.8% in the fourth quarter. UBS Group AG now owns 1,671,860 shares of the financial services provider’s stock valued at $31,464,000 after buying an additional 353,092 shares in the last quarter. Finally, Muzinich & Co. Inc. lifted its stake in Hercules Capital by 34.5% in the fourth quarter. Muzinich & Co. Inc. now owns 1,335,787 shares of the financial services provider’s stock valued at $25,140,000 after buying an additional 342,967 shares in 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 subject of several research reports. UBS Group increased their price objective on shares of Hercules Capital from $15.00 to $15.50 and gave the stock a “neutral” rating in a research report on Monday, May 18th. Keefe, Bruyette & Woods cut their price objective on shares of Hercules Capital from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Piper Sandler upped their target price on shares of Hercules Capital from $16.50 to $17.00 and gave the stock a “neutral” rating in a research note on Wednesday, May 6th. Citizens Jmp lowered their target price on Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Hercules Capital in a research note on Wednesday, June 17th. One 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’s stock. According to MarketBeat.com, Hercules Capital currently has an average rating of “Moderate Buy” and an average target price of $18.21.
Hercules Capital Price Performance
NYSE:HTGC opened at $16.10 on Thursday. Hercules Capital, Inc. has a 52-week low of $13.70 and a 52-week high of $19.67. The company has a market cap of $3.01 billion, a P/E ratio of 9.10 and a beta of 0.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.89 and a current ratio of 1.89. The stock’s 50-day simple moving average is $15.64 and its 200 day simple moving average is $16.05.
Hercules Capital (NYSE:HTGC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.48 EPS for the quarter, beating the consensus estimate of $0.47 by $0.01. The firm 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%.The business’s quarterly revenue was up 18.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. As a group, sell-side analysts forecast that Hercules Capital, Inc. will post 1.93 EPS for the current fiscal year.
Hercules Capital Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date of this dividend was Thursday, May 14th. Hercules Capital’s dividend payout ratio is presently 90.40%.
About Hercules Capital
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.
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