Accel Wealth Management Increases Stake in Hercules Capital, Inc. $HTGC

Accel Wealth Management grew its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 5.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,956 shares of the financial services provider’s stock after buying an additional 1,115 shares during the quarter. Accel Wealth Management’s holdings in Hercules Capital were worth $401,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the business. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Hercules Capital in the second quarter valued at approximately $522,447,000. Sound Income Strategies LLC increased its position in shares of Hercules Capital by 1.9% in the second quarter. Sound Income Strategies LLC now owns 2,930,340 shares of the financial services provider’s stock valued at $53,567,000 after buying an additional 55,885 shares in the last quarter. LPL Financial LLC increased its position in shares of Hercules Capital by 14.5% in the first quarter. LPL Financial LLC now owns 1,130,362 shares of the financial services provider’s stock valued at $21,714,000 after buying an additional 143,042 shares in the last quarter. Royal Bank of Canada increased its position in shares of Hercules Capital by 2.0% in the first quarter. Royal Bank of Canada now owns 804,077 shares of the financial services provider’s stock valued at $15,446,000 after buying an additional 15,724 shares in the last quarter. Finally, Melia Wealth LLC increased its position in shares of Hercules Capital by 0.3% in the first quarter. Melia Wealth LLC now owns 762,512 shares of the financial services provider’s stock valued at $14,648,000 after buying an additional 2,153 shares in the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have recently commented on HTGC shares. Citigroup restated an “outperform” rating on shares of Hercules Capital in a research report on Monday, August 4th. JMP Securities boosted their price target on Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, August 4th. Piper Sandler boosted their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. UBS Group boosted their price target 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, Weiss Ratings reiterated a “buy (b)” rating on shares of Hercules Capital in a research report on Saturday, September 27th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $20.58.

Hercules Capital Stock Performance

NYSE HTGC opened at $18.44 on Friday. The stock’s fifty day moving average is $19.21 and its two-hundred day moving average is $18.47. The firm has a market capitalization of $3.35 billion, a P/E ratio of 12.21 and a beta of 0.96. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.68 and a current ratio of 1.68. Hercules Capital, Inc. has a fifty-two week low of $15.65 and a fifty-two week 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, topping analysts’ consensus estimates of $0.47 by $0.03. The company had revenue of $137.46 million for 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 firm’s revenue for the quarter was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.51 earnings per share. On average, research analysts anticipate 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 yield of 10.2%. This is an increase from Hercules Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 12th. Hercules Capital’s dividend payout ratio is presently 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.