55,029 Shares in Hercules Capital, Inc. $HTGC Acquired by Rare Wolf Capital LLC

Rare Wolf Capital LLC purchased a new stake in Hercules Capital, Inc. (NYSE:HTGC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm purchased 55,029 shares of the financial services provider’s stock, valued at approximately $1,036,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Marshall Wace LLP bought a new position in shares of Hercules Capital in the 3rd quarter valued at about $11,199,000. Qube Research & Technologies Ltd raised its stake in shares of Hercules Capital by 425.6% during the second quarter. Qube Research & Technologies Ltd now owns 580,414 shares of the financial services provider’s stock worth $10,610,000 after buying an additional 469,989 shares during the last quarter. UBS Group AG lifted its holdings in Hercules Capital by 26.8% in the fourth quarter. UBS Group AG now owns 1,671,860 shares of the financial services provider’s stock valued at $31,464,000 after buying an additional 353,092 shares during the period. Muzinich & Co. Inc. lifted its holdings in Hercules Capital by 34.5% in the fourth quarter. Muzinich & Co. Inc. now owns 1,335,787 shares of the financial services provider’s stock valued at $25,140,000 after buying an additional 342,967 shares during the period. Finally, HRT Financial LP boosted its stake in Hercules Capital by 100.9% in the second quarter. HRT Financial LP now owns 558,010 shares of the financial services provider’s stock valued at $10,200,000 after acquiring an additional 280,198 shares during the last quarter. 19.69% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

HTGC has been the subject of several recent research reports. Piper Sandler upped their target price on shares of Hercules Capital from $16.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Citizens Jmp decreased their price objective on Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods dropped their price objective on Hercules Capital from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Weiss Ratings lowered Hercules Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Finally, UBS Group raised their target price on Hercules Capital from $15.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $18.21.

Hercules Capital Trading Up 0.7%

Shares of NYSE HTGC opened at $15.51 on Friday. Hercules Capital, Inc. has a twelve month low of $13.70 and a twelve month high of $19.67. The stock has a market cap of $2.90 billion, a price-to-earnings ratio of 8.77 and a beta of 0.80. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.14. The company’s fifty day moving average is $15.59 and its 200-day moving average is $16.44.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.48 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $134.94 million during the quarter, compared to analysts’ expectations of $141.39 million. Hercules Capital had a net margin of 59.85% and a return on equity of 16.05%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.45 EPS. Equities research analysts predict that Hercules Capital, Inc. will post 1.93 EPS for the current year.

Hercules Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a $0.07 dividend. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. The ex-dividend date of this dividend was Thursday, May 14th. Hercules Capital’s payout ratio is presently 90.40%.

Hercules Capital Company Profile

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.