Hercules Capital, Inc. $HTGC Shares Purchased by MAS Advisors LLC

MAS Advisors LLC raised its position in Hercules Capital, Inc. (NYSE:HTGC) by 3.6% in the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 20,992 shares of the financial services provider’s stock after buying an additional 728 shares during the period. MAS Advisors LLC’s holdings in Hercules Capital were worth $384,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of HTGC. N.E.W. Advisory Services LLC purchased a new position in shares of Hercules Capital in the 1st quarter valued at about $30,000. Alpine Bank Wealth Management purchased a new stake in shares of Hercules Capital in the second quarter valued at approximately $33,000. Bessemer Group Inc. acquired a new position in shares of Hercules Capital during the 1st quarter worth approximately $38,000. Northwestern Mutual Wealth Management Co. raised its stake in shares of Hercules Capital by 51.8% during the 1st quarter. Northwestern Mutual Wealth Management Co. now owns 2,629 shares of the financial services provider’s stock worth $51,000 after buying an additional 897 shares during the period. Finally, Farther Finance Advisors LLC lifted its position in shares of Hercules Capital by 79.5% during the 1st quarter. Farther Finance Advisors LLC now owns 4,292 shares of the financial services provider’s stock valued at $82,000 after buying an additional 1,901 shares in the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Price Performance

Hercules Capital stock opened at $18.44 on Monday. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.96. The stock has a market cap of $3.35 billion, a P/E ratio of 12.21 and a beta of 0.96. The company has a 50-day moving average price of $19.21 and a 200 day moving average price of $18.47. Hercules Capital, Inc. has a 12-month low of $15.65 and a 12-month high of $22.04.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results 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 quarter last year, the firm earned $0.51 EPS. The business’s revenue was up 10.0% compared to the same quarter last year. Sell-side analysts anticipate 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 issued a dividend of $0.47 per share. The ex-dividend date was Tuesday, August 12th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.2%. This is a boost from Hercules Capital’s previous quarterly dividend of $0.40. Hercules Capital’s dividend payout ratio (DPR) is currently 105.96%.

Analyst Ratings Changes

HTGC has been the subject of several recent analyst reports. Weiss Ratings reissued a “buy (b)” rating on shares of Hercules Capital in a report on Saturday, September 27th. JMP Securities upped their price target 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. Piper Sandler lifted their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Friday, August 1st. Citigroup reissued an “outperform” rating on shares of Hercules Capital in a report on Monday, August 4th. Finally, 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. Six equities research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $20.58.

About Hercules Capital

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.