Tectonic Advisors LLC Has $11.36 Million Stake in Hercules Capital, Inc. $HTGC

Tectonic Advisors LLC boosted its position in Hercules Capital, Inc. (NYSE:HTGC) by 16.9% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 621,562 shares of the financial services provider’s stock after purchasing an additional 89,770 shares during the period. Tectonic Advisors LLC’s holdings in Hercules Capital were worth $11,362,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also bought and sold shares of the company. SteelPeak Wealth LLC lifted its holdings in Hercules Capital by 15.4% in the second quarter. SteelPeak Wealth LLC now owns 38,264 shares of the financial services provider’s stock valued at $699,000 after buying an additional 5,104 shares during the period. MAS Advisors LLC increased its stake in Hercules Capital by 3.6% in the second quarter. MAS Advisors LLC now owns 20,992 shares of the financial services provider’s stock valued at $384,000 after purchasing an additional 728 shares in the last quarter. Accel Wealth Management increased its stake in Hercules Capital by 5.4% in the second quarter. Accel Wealth Management now owns 21,956 shares of the financial services provider’s stock valued at $401,000 after purchasing an additional 1,115 shares in the last quarter. Diligent Investors LLC increased its stake in Hercules Capital by 14.4% in the second quarter. Diligent Investors LLC now owns 28,005 shares of the financial services provider’s stock valued at $512,000 after purchasing an additional 3,522 shares in the last quarter. Finally, Abundance Wealth Counselors increased its stake in Hercules Capital by 1.3% in the second quarter. Abundance Wealth Counselors now owns 58,923 shares of the financial services provider’s stock valued at $1,077,000 after purchasing an additional 768 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Trading Down 1.1%

NYSE:HTGC opened at $17.72 on Thursday. 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 firm has a 50-day moving average of $19.14 and a 200-day moving average of $18.45. The company has a market cap of $3.22 billion, a PE ratio of 11.74 and a beta of 0.96. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.03. Hercules Capital had a net margin of 51.46% and a return on equity of 16.54%. The business had revenue of $137.46 million during the quarter, compared to the consensus estimate of $129.47 million. During the same period in the prior year, the firm posted $0.51 EPS. The firm’s quarterly revenue was up 10.0% compared to the same quarter last year. As a group, equities research analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 10.6%. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.40. Hercules Capital’s payout ratio is currently 105.96%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Citigroup reaffirmed an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. UBS Group lifted their price target on shares of Hercules Capital from $18.50 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. JMP Securities boosted their target price on shares of Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, August 4th. Weiss Ratings reissued a “buy (b)” rating on shares of Hercules Capital in a research report on Wednesday. Finally, Piper Sandler boosted their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. Six analysts have rated the stock with a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $20.58.

Hercules Capital Company 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.