Hercules Capital, Inc. (HTGC) Stake Lifted by WESPAC Advisors LLC
WESPAC Advisors LLC increased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 84.7% in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 107,258 shares of the financial services provider’s stock after acquiring an additional 49,194 shares during the quarter. WESPAC Advisors LLC owned 0.13% of Hercules Capital worth $1,420,000 at the end of the most recent reporting period.
Several other large investors also recently added to or reduced their stakes in HTGC. Muzinich & Co. Inc. increased its stake in shares of Hercules Capital by 85.3% in the 1st quarter. Muzinich & Co. Inc. now owns 3,626,672 shares of the financial services provider’s stock valued at $54,872,000 after acquiring an additional 1,669,396 shares in the last quarter. Principal Financial Group Inc. increased its stake in shares of Hercules Capital by 108.0% in the 2nd quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock valued at $39,158,000 after acquiring an additional 1,535,592 shares in the last quarter. UBS Group AG increased its stake in shares of Hercules Capital by 26.7% in the 1st quarter. UBS Group AG now owns 2,303,026 shares of the financial services provider’s stock valued at $34,845,000 after acquiring an additional 485,745 shares in the last quarter. Advisors Asset Management Inc. bought a new stake in shares of Hercules Capital in the 2nd quarter valued at $3,832,000. Finally, LSV Asset Management increased its stake in shares of Hercules Capital by 14.8% in the 1st quarter. LSV Asset Management now owns 1,129,565 shares of the financial services provider’s stock valued at $17,090,000 after acquiring an additional 145,289 shares in the last quarter. Institutional investors own 44.64% of the company’s stock.
Shares of Hercules Capital, Inc. (NYSE HTGC) traded down 0.41% during mid-day trading on Wednesday, reaching $12.17. 100,709 shares of the company’s stock were exchanged. The stock has a 50-day moving average of $12.89 and a 200 day moving average of $13.81. Hercules Capital, Inc. has a one year low of $12.16 and a one year high of $15.68. The firm has a market capitalization of $1.01 billion, a P/E ratio of 13.48 and a beta of 0.83.
Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $48.45 million during the quarter, compared to analyst estimates of $48.25 million. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The company’s revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. On average, analysts forecast that Hercules Capital, Inc. will post $1.17 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Shareholders of record on Monday, August 14th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a yield of 10.15%. The ex-dividend date was Thursday, August 10th. Hercules Capital’s dividend payout ratio is currently 134.78%.
Several analysts have recently weighed in on the stock. BidaskClub lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 price objective on shares of Hercules Capital in a research note on Friday, July 14th. Wunderlich reiterated a “hold” rating on shares of Hercules Capital in a research note on Tuesday, May 16th. Zacks Investment Research lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Finally, ValuEngine lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two research analysts have rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average target price of $15.21.
Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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