Melia Wealth LLC bought a new stake in Hercules Capital, Inc. (NYSE:HTGC – Free Report) during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 553,874 shares of the financial services provider’s stock, valued at approximately $8,735,000. Hercules Capital accounts for approximately 5.0% of Melia Wealth LLC’s portfolio, making the stock its 8th biggest position. Melia Wealth LLC owned approximately 0.30% of Hercules Capital at the end of the most recent quarter.
Several other institutional investors and hedge funds have also bought and sold shares of HTGC. Integrated Wealth Concepts LLC grew its position in Hercules Capital by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 17,241 shares of the financial services provider’s stock valued at $331,000 after buying an additional 959 shares during the period. Empowered Funds LLC grew its position in shares of Hercules Capital by 85.9% during the 1st quarter. Empowered Funds LLC now owns 22,854 shares of the financial services provider’s stock valued at $439,000 after acquiring an additional 10,559 shares during the period. Focus Partners Wealth increased its stake in shares of Hercules Capital by 26.0% in the 1st quarter. Focus Partners Wealth now owns 15,747 shares of the financial services provider’s stock worth $302,000 after purchasing an additional 3,250 shares in the last quarter. Northwestern Mutual Wealth Management Co. increased its stake in shares of Hercules Capital by 81.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,780 shares of the financial services provider’s stock worth $87,000 after purchasing an additional 2,151 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Hercules Capital by 1.6% in the 2nd quarter. Invesco Ltd. now owns 78,951 shares of the financial services provider’s stock worth $1,443,000 after purchasing an additional 1,252 shares during the period. 19.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several research firms recently weighed in on HTGC. LADENBURG THALM/SH SH lowered their target price on Hercules Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. UBS Group raised their price objective on Hercules Capital from $15.00 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hercules Capital in a research report on Wednesday, June 17th. Finally, Piper Sandler boosted their price objective on Hercules Capital from $16.50 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.46.
Hercules Capital Trading Down 0.5%
Shares of HTGC stock opened at $17.55 on Friday. Hercules Capital, Inc. has a 12-month low of $13.70 and a 12-month high of $19.62. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.03. The stock’s 50-day moving average price is $16.30 and its 200-day moving average price is $15.65. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 8.73 and a beta of 0.79.
Hercules Capital (NYSE:HTGC – Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. The company had revenue of $134.41 million during the quarter, compared to analyst estimates of $146.71 million. Hercules Capital had a return on equity of 16.01% and a net margin of 67.68%.The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. Equities research analysts predict that Hercules Capital, Inc. will post 1.95 EPS for the current fiscal year.
Hercules Capital Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 11th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, August 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.1%. This is an increase from Hercules Capital’s previous quarterly dividend of $0.07. Hercules Capital’s dividend payout ratio is currently 79.60%.
Hercules Capital Company Profile
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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