Hercules Capital Inc (HTGC) Stake Increased by Credit Agricole S A
Credit Agricole S A grew its stake in shares of Hercules Capital Inc (NYSE:HTGC) by 66.7% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 100,000 shares of the financial services provider’s stock after acquiring an additional 40,000 shares during the quarter. Credit Agricole S A owned about 0.10% of Hercules Capital worth $1,266,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in HTGC. Wells Fargo & Company MN boosted its holdings in shares of Hercules Capital by 40.5% during the 1st quarter. Wells Fargo & Company MN now owns 2,115,828 shares of the financial services provider’s stock valued at $25,601,000 after acquiring an additional 610,026 shares during the last quarter. Opus Capital Group LLC purchased a new stake in shares of Hercules Capital during the 1st quarter valued at about $1,745,000. Mckinley Capital Management LLC Delaware boosted its holdings in shares of Hercules Capital by 12.9% during the 1st quarter. Mckinley Capital Management LLC Delaware now owns 285,558 shares of the financial services provider’s stock valued at $3,455,000 after acquiring an additional 32,559 shares during the last quarter. Eagle Global Advisors LLC boosted its holdings in shares of Hercules Capital by 53.7% during the 1st quarter. Eagle Global Advisors LLC now owns 22,460 shares of the financial services provider’s stock valued at $272,000 after acquiring an additional 7,850 shares during the last quarter. Finally, Centaurus Financial Inc. purchased a new stake in shares of Hercules Capital during the 1st quarter valued at about $1,757,000. 37.67% of the stock is currently owned by hedge funds and other institutional investors.
A number of brokerages have recently issued reports on HTGC. JMP Securities raised their price target on shares of Hercules Capital from $14.00 to $14.50 and gave the company a “market outperform” rating in a report on Thursday, August 16th. Wedbush raised their price objective on shares of Hercules Capital from $13.75 to $15.00 and gave the stock an “outperform” rating in a report on Monday, August 6th. Compass Point set a $14.00 price objective on shares of Hercules Capital and gave the stock a “buy” rating in a report on Friday, August 3rd. ValuEngine raised shares of Hercules Capital from a “sell” rating to a “hold” rating in a report on Thursday, July 19th. Finally, Zacks Investment Research downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Tuesday, May 8th. Four investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Hercules Capital currently has an average rating of “Buy” and a consensus price target of $14.44.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, August 2nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.28 by $0.01. The company had revenue of $49.56 million for the quarter, compared to the consensus estimate of $48.79 million. Hercules Capital had a net margin of 56.32% and a return on equity of 11.55%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.33 earnings per share. equities research analysts predict that Hercules Capital Inc will post 1.23 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Monday, August 20th. Shareholders of record on Monday, August 13th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 9.16%. The ex-dividend date was Friday, August 10th. Hercules Capital’s payout ratio is 106.90%.
Hercules Capital Profile
Hercules Capital, Inc, formerly known as Hercules Technology Growth Capital, Inc, is a business development company 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.
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