262,743 Shares in Hercules Capital Inc (NYSE:HTGC) Acquired by Virtus ETF Advisers LLC
Virtus ETF Advisers LLC acquired a new position in Hercules Capital Inc (NYSE:HTGC) in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor acquired 262,743 shares of the financial services provider’s stock, valued at approximately $3,368,000. Hercules Capital makes up approximately 0.7% of Virtus ETF Advisers LLC’s holdings, making the stock its 20th biggest holding. Virtus ETF Advisers LLC owned about 0.25% of Hercules Capital at the end of the most recent reporting period.
Other hedge funds have also modified their holdings of the company. Trustcore Financial Services LLC bought a new position in Hercules Capital during the 1st quarter valued at $25,000. West Oak Capital LLC bought a new stake in shares of Hercules Capital during the 2nd quarter worth $38,000. Advisory Alpha LLC bought a new stake in shares of Hercules Capital during the 1st quarter worth $49,000. Parallel Advisors LLC boosted its stake in shares of Hercules Capital by 696.6% during the 2nd quarter. Parallel Advisors LLC now owns 3,983 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 3,483 shares in the last quarter. Finally, Quantamental Technologies LLC bought a new stake in shares of Hercules Capital during the 2nd quarter worth $127,000. 33.69% of the stock is owned by institutional investors and hedge funds.
HTGC has been the subject of several research reports. TheStreet lowered Hercules Capital from a “b-” rating to a “c+” rating in a research note on Monday, July 1st. ValuEngine lowered Hercules Capital from a “hold” rating to a “sell” rating in a research note on Thursday, August 1st. B. Riley lowered Hercules Capital from a “buy” rating to a “neutral” rating in a research note on Friday, May 17th. Finally, Compass Point set a $13.00 price objective on Hercules Capital and gave the stock a “hold” rating in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating and six have issued a hold rating to the company’s stock. Hercules Capital has a consensus rating of “Hold” and an average target price of $13.38.
Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.36 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.33 by $0.03. The company had revenue of $69.26 million during the quarter, compared to analyst estimates of $63.07 million. Hercules Capital had a return on equity of 12.25% and a net margin of 53.97%. The company’s revenue for the quarter was up 39.7% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.29 earnings per share. On average, analysts predict that Hercules Capital Inc will post 1.34 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 19th. Stockholders of record on Monday, August 12th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 9.65%. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.31. Hercules Capital’s dividend payout ratio is presently 107.56%.
Hercules Capital Company 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.
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