Blair William & Co. IL Purchases 3,205 Shares of Hercules Capital, Inc. $HTGC

Blair William & Co. IL raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.6% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 203,205 shares of the financial services provider’s stock after acquiring an additional 3,205 shares during the quarter. Blair William & Co. IL owned approximately 0.12% of Hercules Capital worth $3,715,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. N.E.W. Advisory Services LLC bought a new stake in Hercules Capital during the 1st quarter valued at $30,000. Alpine Bank Wealth Management bought a new stake in Hercules Capital during the 2nd quarter valued at $33,000. Bessemer Group Inc. bought a new stake in Hercules Capital during the 1st quarter valued at $38,000. Northwestern Mutual Wealth Management Co. boosted its position in Hercules Capital by 51.8% during the 1st 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 in the last quarter. Finally, Farther Finance Advisors LLC boosted its position 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 worth $82,000 after purchasing an additional 1,901 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on the company. Weiss Ratings reissued a “buy (b)” rating on shares of Hercules Capital in a research report on Wednesday, October 8th. Piper Sandler lowered their price objective on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research report on Thursday. Citigroup reissued an “outperform” rating on shares of Hercules Capital in a research report on Monday, August 4th. UBS Group raised their price objective on Hercules Capital from $18.50 to $19.00 and gave the stock a “neutral” rating in a research report on Wednesday, July 16th. Finally, JMP Securities raised their target price on Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and two have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $20.50.

Hercules Capital Stock Performance

Shares of HTGC stock opened at $17.12 on Tuesday. The firm has a market capitalization of $3.11 billion, a price-to-earnings ratio of 11.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 1.68. The business has a fifty day moving average of $19.01 and a 200 day moving average of $18.39. Hercules Capital, Inc. has a 1 year low of $15.65 and a 1 year high of $22.04.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.50 earnings per share for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. The business had revenue of $137.46 million during 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 company’s revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the business posted $0.51 EPS. As a group, research analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were paid a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 11.0%. The ex-dividend date was Tuesday, August 12th. This is an increase from Hercules Capital’s previous quarterly dividend of $0.40. Hercules Capital’s dividend payout ratio (DPR) is 105.96%.

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.