Hercules Capital, Inc. $HTGC Stake Lifted by D.A. Davidson & CO.

D.A. Davidson & CO. increased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 3.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 295,514 shares of the financial services provider’s stock after acquiring an additional 9,585 shares during the period. D.A. Davidson & CO. owned approximately 0.17% of Hercules Capital worth $5,402,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. Balboa Wealth Partners boosted its holdings in shares of Hercules Capital by 5.3% in the second quarter. Balboa Wealth Partners now owns 29,949 shares of the financial services provider’s stock valued at $547,000 after acquiring an additional 1,500 shares in the last quarter. Chicago Partners Investment Group LLC boosted its holdings in shares of Hercules Capital by 20.9% in the second quarter. Chicago Partners Investment Group LLC now owns 18,772 shares of the financial services provider’s stock valued at $366,000 after acquiring an additional 3,242 shares in the last quarter. Private Trust Co. NA boosted its holdings in shares of Hercules Capital by 576.2% in the second quarter. Private Trust Co. NA now owns 3,381 shares of the financial services provider’s stock valued at $62,000 after acquiring an additional 2,881 shares in the last quarter. Bayforest Capital Ltd bought a new position in shares of Hercules Capital in the second quarter valued at approximately $97,000. Finally, Melia Wealth LLC boosted its holdings in shares of Hercules Capital by 4.1% in the second quarter. Melia Wealth LLC now owns 793,586 shares of the financial services provider’s stock valued at $14,507,000 after acquiring an additional 31,074 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Trading Up 0.5%

Shares of NYSE:HTGC opened at $17.64 on Friday. The company has a 50 day moving average price of $18.70 and a 200 day moving average price of $18.34. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.68 and a current ratio of 1.68. The stock has a market capitalization of $3.20 billion, a price-to-earnings ratio of 11.68 and a beta of 0.96.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.50 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 firm had revenue of $137.46 million during the quarter, compared to analyst estimates of $129.47 million. During the same quarter last year, the business posted $0.51 EPS. The company’s revenue was up 10.0% on a year-over-year basis. On average, research analysts anticipate 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. Investors of record on Tuesday, August 12th were paid a $0.47 dividend. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.88 dividend on an annualized basis and a yield of 10.7%. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.40. Hercules Capital’s dividend payout ratio (DPR) is 105.96%.

Analyst Ratings Changes

Several research analysts have recently issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of Hercules Capital in a report on Wednesday, October 8th. JMP Securities raised their target price on shares of Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a report on Monday, August 4th. Piper Sandler reduced their target price on shares of Hercules Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a report on Thursday, October 9th. Citigroup restated an “outperform” rating on shares of Hercules Capital in a report on Monday, August 4th. Finally, UBS Group reduced their target price on shares of Hercules Capital from $19.00 to $18.50 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Six research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, Hercules Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.42.

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.