Apollon Wealth Management LLC Has $349,000 Stock Position in Hercules Capital, Inc. $HTGC

Apollon Wealth Management LLC reduced its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 4.8% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 19,103 shares of the financial services provider’s stock after selling 970 shares during the period. Apollon Wealth Management LLC’s holdings in Hercules Capital were worth $349,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. N.E.W. Advisory Services LLC acquired a new position in shares of Hercules Capital in the 1st quarter valued at approximately $30,000. Alpine Bank Wealth Management bought a new position in Hercules Capital in the second quarter valued at approximately $33,000. Bessemer Group Inc. bought a new position in Hercules Capital in the first quarter valued at approximately $38,000. Northwestern Mutual Wealth Management Co. increased its stake in Hercules Capital by 51.8% in 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 acquiring an additional 897 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Hercules Capital by 79.5% in the 1st 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 in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Performance

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

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $137.46 million for the quarter, compared to analyst estimates of $129.47 million. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.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 earned $0.51 earnings per share. Sell-side analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis 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 payout ratio is currently 105.96%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on HTGC. JMP Securities raised their target price on Hercules Capital from $22.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, August 4th. Piper Sandler lowered their target price on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research note on Thursday, October 9th. Citigroup reissued an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hercules Capital in a report on Wednesday, October 8th. Finally, UBS Group cut their target price on shares of Hercules Capital from $19.00 to $18.50 and set a “neutral” rating on the stock in a research report on Tuesday. Six research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $20.42.

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.