Bramshill Investments LLC lowered its position in shares of Hercules Capital Inc (NYSE:HTGC) by 9.5% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 129,347 shares of the financial services provider’s stock after selling 13,621 shares during the period. Bramshill Investments LLC owned 0.13% of Hercules Capital worth $1,702,000 as of its most recent filing with the SEC.
Several other institutional investors have also recently added to or reduced their stakes in HTGC. Granite Investment Partners LLC lifted its holdings in Hercules Capital by 5.2% in the third quarter. Granite Investment Partners LLC now owns 1,229,962 shares of the financial services provider’s stock worth $16,186,000 after purchasing an additional 60,974 shares during the period. Sound Income Strategies LLC lifted its holdings in Hercules Capital by 10.6% in the third quarter. Sound Income Strategies LLC now owns 1,117,364 shares of the financial services provider’s stock worth $14,705,000 after purchasing an additional 106,881 shares during the period. Advisors Capital Management LLC lifted its holdings in Hercules Capital by 8.7% in the third quarter. Advisors Capital Management LLC now owns 874,867 shares of the financial services provider’s stock worth $11,513,000 after purchasing an additional 69,833 shares during the period. S&T Bank PA lifted its holdings in Hercules Capital by 0.9% in the third quarter. S&T Bank PA now owns 683,581 shares of the financial services provider’s stock worth $8,996,000 after purchasing an additional 5,789 shares during the period. Finally, Van ECK Associates Corp lifted its holdings in Hercules Capital by 3.2% in the second quarter. Van ECK Associates Corp now owns 650,001 shares of the financial services provider’s stock worth $8,223,000 after purchasing an additional 20,257 shares during the period. Institutional investors and hedge funds own 37.83% of the company’s stock.
Shares of NYSE HTGC opened at $10.83 on Tuesday. Hercules Capital Inc has a twelve month low of $10.78 and a twelve month high of $13.70. The company has a debt-to-equity ratio of 0.71, a current ratio of 2.86 and a quick ratio of 2.86. The stock has a market capitalization of $1.10 billion, a price-to-earnings ratio of 9.34, a price-to-earnings-growth ratio of 9.41 and a beta of 0.82.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, November 1st. The financial services provider reported $0.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.31. Hercules Capital had a net margin of 55.71% and a return on equity of 11.60%. The company had revenue of $52.60 million during the quarter, compared to the consensus estimate of $54.37 million. During the same period in the prior year, the company earned $0.29 EPS. Hercules Capital’s revenue was up 14.7% on a year-over-year basis. On average, equities research analysts forecast that Hercules Capital Inc will post 1.21 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 19th. Shareholders of record on Monday, November 12th were issued a $0.31 dividend. This represents a $1.24 dividend on an annualized basis and a yield of 11.45%. The ex-dividend date of this dividend was Thursday, November 8th. Hercules Capital’s payout ratio is 106.90%.
Several equities research analysts recently weighed in on the stock. ValuEngine downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a report on Thursday, November 1st. B. Riley set a $15.00 price objective on shares of Hercules Capital and gave the stock a “buy” rating in a report on Friday, November 2nd. Zacks Investment Research reaffirmed a “sell” rating on shares of Hercules Capital in a report on Tuesday, November 13th. Finally, Wells Fargo & Co reduced their price objective on shares of Hercules Capital from $14.25 to $14.00 and set an “outperform” rating for the company in a report on Monday, November 5th. Two research analysts have rated the stock with a sell rating and six have given a buy rating to the stock. Hercules Capital presently has a consensus rating of “Buy” and an average price target of $14.50.
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About Hercules Capital
Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company 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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