Hercules Capital, Inc. $HTGC Stock Position Boosted by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC boosted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 139.5% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 60,722 shares of the financial services provider’s stock after acquiring an additional 35,364 shares during the quarter. Left Brain Wealth Management LLC’s holdings in Hercules Capital were worth $1,021,000 as of its most recent SEC filing.

Several other hedge funds also recently bought and sold shares of the business. Van ECK Associates Corp increased its stake in Hercules Capital by 22.6% in the second quarter. Van ECK Associates Corp now owns 3,877,634 shares of the financial services provider’s stock worth $61,150,000 after purchasing an additional 713,653 shares during the period. Sound Income Strategies LLC lifted its position in shares of Hercules Capital by 3.0% during the third quarter. Sound Income Strategies LLC now owns 3,777,695 shares of the financial services provider’s stock worth $62,521,000 after purchasing an additional 110,177 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Hercules Capital during the second quarter valued at $26,523,000. Tectonic Advisors LLC boosted its stake in shares of Hercules Capital by 9.5% during the third quarter. Tectonic Advisors LLC now owns 1,101,790 shares of the financial services provider’s stock valued at $18,521,000 after purchasing an additional 95,382 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Hercules Capital by 0.6% during the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,025,337 shares of the financial services provider’s stock valued at $15,144,000 after purchasing an additional 6,578 shares during the period. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Performance

Shares of Hercules Capital stock opened at $16.56 on Friday. The company has a current ratio of 1.37, a quick ratio of 1.37 and a debt-to-equity ratio of 1.03. The stock’s fifty day moving average price is $17.01 and its 200-day moving average price is $16.18. The firm has a market cap of $3.10 billion, a P/E ratio of 8.90 and a beta of 0.82. Hercules Capital, Inc. has a 12 month low of $13.70 and a 12 month high of $19.13.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, October 29th. The financial services provider reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Hercules Capital had a net margin of 62.84% and a return on equity of 15.87%. The company had revenue of $135.69 million during the quarter, compared to analyst estimates of $144.11 million. During the same period in the prior year, the firm earned $0.49 earnings per share. On average, equities research analysts expect that Hercules Capital, Inc. will post 1.95 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Tuesday, November 10th will be issued a $0.07 dividend. The ex-dividend date is Tuesday, November 10th. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. This is a decrease from Hercules Capital’s previous quarterly dividend of $0.40. Hercules Capital’s dividend payout ratio (DPR) is presently 79.60%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on the stock. UBS Group upgraded shares of Hercules Capital from a “neutral” rating to a “buy” rating and upped their price target for the stock from $15.50 to $18.50 in a report on Tuesday, September 1st. Weiss Ratings upgraded shares of Hercules Capital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. Finally, LADENBURG THALM/SH SH lowered their price objective on shares of Hercules Capital from $21.00 to $20.00 and set a “buy” rating for the company in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $18.89.

Hercules Capital Profile

Hercules Capital, Inc is a business development company and specialty finance firm that provides debt financing to innovative, growth-oriented companies. The company focuses primarily on venture capital-backed businesses in the technology, life sciences, and sustainable and specialty technology sectors.

Hercules Capital offers secured loans and other forms of growth capital designed to support companies through various stages of development, including expansion, acquisitions, recapitalizations, and initial public offerings.