81,135 Shares in Hercules Capital, Inc. $HTGC Purchased by Quantbot Technologies LP

Quantbot Technologies LP acquired a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 81,135 shares of the financial services provider’s stock, valued at approximately $1,279,000.

Other large investors also recently bought and sold shares of the company. Fox Run Management L.L.C. grew its position in shares of Hercules Capital by 2.8% in the 4th quarter. Fox Run Management L.L.C. now owns 24,354 shares of the financial services provider’s stock worth $458,000 after acquiring an additional 657 shares in the last quarter. Centaurus Financial Inc. raised its position in shares of Hercules Capital by 1.8% during the 3rd quarter. Centaurus Financial Inc. now owns 37,819 shares of the financial services provider’s stock valued at $715,000 after acquiring an additional 675 shares in the last quarter. Mariner LLC lifted its stake in Hercules Capital by 1.4% during the fourth quarter. Mariner LLC now owns 56,453 shares of the financial services provider’s stock worth $1,062,000 after purchasing an additional 764 shares during the last quarter. Baker Avenue Asset Management LP boosted its holdings in Hercules Capital by 8.0% in the fourth quarter. Baker Avenue Asset Management LP now owns 11,896 shares of the financial services provider’s stock worth $224,000 after purchasing an additional 881 shares during the period. Finally, Integrated Wealth Concepts LLC boosted its holdings in Hercules Capital by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 17,241 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 959 shares during the period. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Up 0.6%

NYSE:HTGC opened at $17.61 on Wednesday. Hercules Capital, Inc. has a 12-month low of $13.70 and a 12-month high of $19.62. The firm has a market capitalization of $3.29 billion, a P/E ratio of 8.76 and a beta of 0.79. The company has a debt-to-equity ratio of 1.03, a current ratio of 1.37 and a quick ratio of 1.37. The business has a 50 day simple moving average of $16.22 and a 200 day simple moving average of $15.63.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The firm had revenue of $134.41 million during the quarter, compared to the consensus estimate of $146.71 million. Hercules Capital had a return on equity of 16.01% and a net margin of 67.68%.The firm’s revenue was up 8.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.50 EPS. Equities research analysts predict that Hercules Capital, Inc. will post 1.95 EPS for the current year.

Hercules Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 18th. Stockholders of record on Tuesday, August 11th were given a dividend of $0.40 per share. This is an increase from Hercules Capital’s previous quarterly dividend of $0.07. This represents a $1.60 annualized dividend and a dividend yield of 9.1%. The ex-dividend date was Tuesday, August 11th. Hercules Capital’s payout ratio is currently 79.60%.

Analyst Ratings Changes

A number of analysts have weighed in on HTGC shares. UBS Group increased their target price on shares of Hercules Capital from $15.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, May 18th. LADENBURG THALM/SH SH decreased their price target on shares of Hercules Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, July 31st. Piper Sandler boosted their price objective 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. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hercules Capital in a research report on Wednesday, June 17th. One research analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $18.46.

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.