Hercules Capital, Inc. $HTGC Holdings Raised by Sound Income Strategies LLC

Sound Income Strategies LLC raised its stake in Hercules Capital, Inc. (NYSE:HTGC – Free Report) by 3.0% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,777,695 shares of the financial services provider’s stock after purchasing an additional 110,177 shares during the period. Hercules Capital comprises 1.4% of Sound Income Strategies LLC’s investment portfolio, making the stock its 3rd biggest position. Sound Income Strategies LLC’s holdings in Hercules Capital were worth $62,521,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Van ECK Associates Corp increased its stake in shares of Hercules Capital by 22.6% during the second quarter. Van ECK Associates Corp now owns 3,877,634 shares of the financial services provider’s stock worth $61,150,000 after buying an additional 713,653 shares during the period. Legal & General Group Plc acquired a new stake in Hercules Capital in the second quarter valued at approximately $26,523,000. Sumitomo Mitsui Trust Group Inc. lifted its stake in Hercules Capital by 0.6% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,025,337 shares of the financial services provider’s stock worth $15,144,000 after acquiring an additional 6,578 shares during the last quarter. BlackRock Inc. purchased a new position in Hercules Capital in the second quarter worth approximately $14,573,000. Finally, Advisors Capital Management LLC acquired a new position in Hercules Capital during the 2nd quarter worth approximately $14,501,000. 19.69% of the stock is owned by institutional investors and hedge funds.

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Hercules Capital Stock Down 0.2%

Shares of HTGC traded down $0.04 during mid-day trading on Friday, reaching $16.52. The company’s stock had a trading volume of 817,871 shares, compared to its average volume of 1,925,840. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.37 and a quick ratio of 1.37. Hercules Capital, Inc. has a 12-month low of $13.70 and a 12-month high of $19.13. The stock has a market cap of $3.09 billion, a PE ratio of 8.22 and a beta of 0.82. The company’s 50 day moving average is $17.14 and its 200 day moving average is $16.10.

Hercules Capital (NYSE:HTGC – Get Free Report) last posted its earnings results on Thursday, July 30th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. The firm had revenue of $134.41 million during the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.50 earnings per share. Equities analysts anticipate that Hercules Capital, Inc. will post 1.95 EPS for the current fiscal year.

Hercules Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This is an increase from Hercules Capital’s previous quarterly dividend of $0.07. This represents a $1.60 dividend on an annualized basis and a yield of 9.7%. Hercules Capital’s dividend payout ratio is 79.60%.

Wall Street Analyst Weigh In

HTGC has been the topic of a number of recent analyst reports. LADENBURG THALM/SH SH dropped their price objective on shares of Hercules Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Weiss Ratings raised shares of Hercules Capital from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, September 28th. Finally, UBS Group upgraded shares of Hercules Capital from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $15.50 to $18.50 in a research note on Tuesday, September 1st. One research analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $18.89.

Get Our Latest Stock Analysis on HTGC

Hercules Capital Profile

(Free Report)

Hercules Capital, Inc is a specialty finance company and business development company that provides financing to venture capital- and private equity-backed companies. Founded in 2003, the company was formerly known as Hercules Technology Growth Capital and focuses on supporting businesses in technology, life sciences, and other innovation-oriented industries.

Hercules Capital offers secured and unsecured venture debt, growth capital, equipment financing, working capital facilities, acquisition financing, and recapitalization solutions.

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