Resolute Capital LLC Makes New Investment in Hercules Capital, Inc. $HTGC

Resolute Capital LLC bought a new position in shares of Hercules Capital, Inc. (NYSE:HTGC) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 64,500 shares of the financial services provider’s stock, valued at approximately $1,214,000. Hercules Capital accounts for about 0.5% of Resolute Capital LLC’s holdings, making the stock its 24th biggest holding.

Several other hedge funds also recently bought and sold shares of the stock. Waterloo Capital L.P. boosted its stake in Hercules Capital by 17.3% during the fourth quarter. Waterloo Capital L.P. now owns 185,319 shares of the financial services provider’s stock worth $3,488,000 after buying an additional 27,266 shares during the period. Catalyst Capital Advisors LLC purchased a new position in Hercules Capital during the fourth quarter worth about $763,000. Pasadena Private Wealth LLC boosted its stake in Hercules Capital by 33.8% during the fourth quarter. Pasadena Private Wealth LLC now owns 24,002 shares of the financial services provider’s stock worth $452,000 after buying an additional 6,062 shares during the period. Northwestern Mutual Wealth Management Co. boosted its stake in Hercules Capital by 113.1% during the fourth 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 during the period. Finally, Foundations Investment Advisors LLC boosted its stake in Hercules Capital by 29.7% during the fourth quarter. Foundations Investment Advisors LLC now owns 33,595 shares of the financial services provider’s stock worth $632,000 after buying an additional 7,693 shares during the period. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Keefe, Bruyette & Woods lowered their target price on shares of Hercules Capital from $19.00 to $18.00 and set an “outperform” rating for the company in a research note on Thursday, April 16th. 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 research note on Monday, May 18th. Weiss Ratings lowered shares of Hercules Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Wells Fargo & Company lowered their price objective on shares of Hercules Capital from $18.00 to $17.00 and set an “overweight” rating for the company in a research note on Friday, February 13th. Finally, Citizens Jmp lowered their price objective on shares of Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. One equities research 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. Based on data from MarketBeat.com, Hercules Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $18.21.

Insider Activity at Hercules Capital

In other Hercules Capital news, Director Paramjeet K. Randhawa acquired 3,050 shares of the stock in a transaction dated Wednesday, March 4th. The stock was acquired at an average price of $14.78 per share, with a total value of $45,079.00. Following the completion of the purchase, the director owned 19,560 shares in the company, valued at $289,096.80. This trade represents a 18.47% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 2.00% of the company’s stock.

Hercules Capital Trading Up 0.0%

NYSE HTGC opened at $15.46 on Monday. The firm has a 50 day simple moving average of $15.32 and a 200-day simple moving average of $16.65. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.89 and a current ratio of 1.89. Hercules Capital, Inc. has a one year low of $13.70 and a one year high of $19.67. The firm has a market cap of $2.89 billion, a price-to-earnings ratio of 8.73 and a beta of 0.80.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data 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 business had revenue of $134.94 million during the quarter, compared to analyst estimates of $141.39 million. During the same quarter last year, the firm posted $0.45 earnings per share. The business’s revenue for the quarter was up 18.4% compared to the same quarter last year. Equities research analysts anticipate that Hercules Capital, Inc. will post 1.93 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Stockholders of record on Thursday, May 14th were paid a $0.07 dividend. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Hercules Capital’s dividend payout ratio (DPR) is presently 90.40%.

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.