Riverbridge Partners LLC Acquires New Shares in Hercules Capital, Inc. $HTGC

Riverbridge Partners LLC bought a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm bought 90,672 shares of the financial services provider’s stock, valued at approximately $1,339,000.

Other institutional investors and hedge funds have also modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in shares of Hercules Capital in the fourth quarter worth $27,000. Caitlin John LLC purchased a new stake in shares of Hercules Capital during the third quarter valued at $29,000. Cornerstone Planning Group LLC purchased a new stake in shares of Hercules Capital during the fourth quarter valued at $29,000. Northwestern Mutual Wealth Management Co. increased its holdings in Hercules Capital by 113.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the financial services provider’s stock worth $35,000 after buying an additional 1,000 shares in the last quarter. Finally, Summit Securities Group LLC increased its holdings in Hercules Capital by 233.3% in the 4th quarter. Summit Securities Group LLC now owns 2,000 shares of the financial services provider’s stock worth $38,000 after buying an additional 1,400 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Down 0.1%

Shares of NYSE:HTGC opened at $15.16 on Thursday. The stock has a market capitalization of $2.84 billion, a price-to-earnings ratio of 8.57 and a beta of 0.80. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.89 and a current ratio of 1.89. The stock’s 50-day simple moving average is $15.61 and its two-hundred day simple moving average is $16.35. Hercules Capital, Inc. has a 52-week low of $13.70 and a 52-week high of $19.67.

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

Hercules Capital Dividend Announcement

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

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on HTGC shares. UBS Group upped their target price on shares of Hercules Capital from $15.00 to $15.50 and gave the company a “neutral” rating in a research note on Monday, May 18th. Weiss Ratings reissued a “hold (c)” rating on shares of Hercules Capital in a report on Wednesday, June 17th. Citizens Jmp lowered their price objective on shares of Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Piper Sandler raised their target price on shares of Hercules Capital from $16.50 to $17.00 and gave the stock a “neutral” rating in a report on Wednesday, May 6th. Finally, Keefe, Bruyette & Woods dropped their target price on shares of Hercules Capital from $19.00 to $18.00 and set an “outperform” rating on the stock in a report on Thursday, April 16th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $18.21.

Hercules Capital 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.