Delphi Management Inc. MA Grows Position in Hercules Capital, Inc. $HTGC

Delphi Management Inc. MA boosted its stake in Hercules Capital, Inc. (NYSE:HTGC) by 5.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 76,455 shares of the financial services provider’s stock after buying an additional 3,885 shares during the quarter. Delphi Management Inc. MA’s holdings in Hercules Capital were worth $1,398,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Bessemer Group Inc. purchased a new stake in Hercules Capital in the 1st quarter valued at $38,000. Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Hercules Capital by 12.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 499,699 shares of the financial services provider’s stock worth $9,599,000 after buying an additional 56,932 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Hercules Capital by 2.0% during the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider’s stock worth $631,000 after buying an additional 628 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hercules Capital by 26.5% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,405 shares of the financial services provider’s stock worth $432,000 after buying an additional 4,688 shares in the last quarter. Finally, Ameriprise Financial Inc. lifted its position in shares of Hercules Capital by 9.7% during the 4th quarter. Ameriprise Financial Inc. now owns 325,912 shares of the financial services provider’s stock worth $6,548,000 after buying an additional 28,812 shares in the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on HTGC. UBS Group upped their price objective on Hercules Capital from $18.50 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Citigroup restated an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. JMP Securities upped their price objective on Hercules Capital from $22.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, August 4th. Finally, Piper Sandler upped their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Five 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 company has a consensus rating of “Moderate Buy” and a consensus price target of $20.58.

Hercules Capital Stock Down 0.5%

Shares of NYSE:HTGC opened at $19.44 on Friday. 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 company has a market capitalization of $3.53 billion, a PE ratio of 12.87 and a beta of 0.95. Hercules Capital, Inc. has a 1 year low of $15.65 and a 1 year high of $22.04. The business has a fifty day moving average price of $19.22 and a two-hundred day moving average price of $18.48.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $137.46 million during 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% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 9.7%. 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 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.