Invictus RG acquired a new stake in Hercules Capital Inc (NYSE:HTGC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 28,066 shares of the financial services provider’s stock, valued at approximately $368,000.
Other institutional investors have also recently added to or reduced their stakes in the company. JPMorgan Chase & Co. raised its stake in shares of Hercules Capital by 74.6% during the third quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock valued at $116,000 after purchasing an additional 3,891 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in Hercules Capital by 29.8% in the second quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 2,034 shares during the period. First National Bank of Mount Dora Trust Investment Services acquired a new position in Hercules Capital in the fourth quarter worth $131,000. Global X MANAGEMENT CO LLC boosted its holdings in Hercules Capital by 58.1% in the third quarter. Global X MANAGEMENT CO LLC now owns 14,538 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 5,342 shares during the period. Finally, Telemus Capital LLC acquired a new position in Hercules Capital in the third quarter worth $194,000. 39.95% of the stock is currently owned by institutional investors.
Hercules Capital Inc (NYSE HTGC) traded down $0.19 during trading hours on Wednesday, reaching $12.10. The company’s stock had a trading volume of 264,633 shares, compared to its average volume of 441,911. The firm has a market capitalization of $1,020.00, a price-to-earnings ratio of 12.74, a price-to-earnings-growth ratio of 1.97 and a beta of 0.76. The company has a quick ratio of 3.99, a current ratio of 3.99 and a debt-to-equity ratio of 0.94. Hercules Capital Inc has a 1 year low of $11.55 and a 1 year high of $15.68.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 22nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.29. The business had revenue of $50.20 million during the quarter, compared to the consensus estimate of $48.29 million. Hercules Capital had a return on equity of 11.68% and a net margin of 41.39%. Hercules Capital’s quarterly revenue was up 5.7% on a year-over-year basis. During the same period last year, the company earned $0.35 earnings per share. sell-side analysts expect that Hercules Capital Inc will post 1.25 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Monday, March 12th. Stockholders of record on Monday, March 5th were paid a dividend of $0.31 per share. The ex-dividend date was Friday, March 2nd. This represents a $1.24 annualized dividend and a dividend yield of 10.25%. Hercules Capital’s dividend payout ratio is currently 130.53%.
A number of brokerages recently weighed in on HTGC. Zacks Investment Research upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 price objective on the stock in a research note on Thursday, January 11th. Sandler O’Neill reiterated a “hold” rating and issued a $14.00 price target on shares of Hercules Capital in a research report on Wednesday, January 10th. ValuEngine cut Hercules Capital from a “buy” rating to a “hold” rating in a research note on Friday, February 2nd. Wedbush raised Hercules Capital from a “neutral” rating to an “outperform” rating and set a $13.75 target price on the stock in a research note on Wednesday, February 7th. Finally, B. Riley set a $15.00 price target on Hercules Capital and gave the company a “buy” rating in a research note on Friday, February 23rd. Five investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus price target of $14.48.
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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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