CAPROCK Group Inc. Makes New Investment in Hercules Capital, Inc. (NYSE:HTGC)

CAPROCK Group Inc. acquired a new stake in Hercules Capital, Inc. (NYSE:HTGC) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 16,000 shares of the financial services provider’s stock, valued at approximately $273,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Mackenzie Financial Corp boosted its position in shares of Hercules Capital by 110.1% during the 2nd quarter. Mackenzie Financial Corp now owns 102,853 shares of the financial services provider’s stock valued at $1,755,000 after acquiring an additional 53,897 shares during the last quarter. Avantax Advisory Services Inc. grew its stake in shares of Hercules Capital by 1.2% in the 1st quarter. Avantax Advisory Services Inc. now owns 62,657 shares of the financial services provider’s stock valued at $1,006,000 after buying an additional 770 shares during the period. Baird Financial Group Inc. raised its position in shares of Hercules Capital by 6.7% during the 1st quarter. Baird Financial Group Inc. now owns 72,467 shares of the financial services provider’s stock valued at $1,162,000 after buying an additional 4,569 shares during the period. Archer Investment Corp lifted its holdings in Hercules Capital by 9.2% in the second quarter. Archer Investment Corp now owns 35,500 shares of the financial services provider’s stock valued at $606,000 after acquiring an additional 3,000 shares during the last quarter. Finally, Beacon Pointe Advisors LLC acquired a new stake in Hercules Capital during the first quarter worth $195,000. Hedge funds and other institutional investors own 27.22% of the company’s stock.

Shares of HTGC stock opened at $17.27 on Thursday. The company has a 50-day moving average of $16.88 and a two-hundred day moving average of $17.02. Hercules Capital, Inc. has a 1-year low of $10.83 and a 1-year high of $17.75. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.17 and a quick ratio of 1.17. The firm has a market cap of $2.00 billion, a PE ratio of 5.98, a price-to-earnings-growth ratio of 0.51 and a beta of 1.55.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, July 29th. The financial services provider reported $0.32 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.32. Hercules Capital had a net margin of 120.11% and a return on equity of 11.87%. The business had revenue of $69.56 million during the quarter, compared to analyst estimates of $69.75 million. Sell-side analysts anticipate that Hercules Capital, Inc. will post 1.29 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, August 18th. Shareholders of record on Wednesday, August 11th were paid a $0.32 dividend. The ex-dividend date was Tuesday, August 10th. This represents a $1.28 annualized dividend and a dividend yield of 7.41%. Hercules Capital’s dividend payout ratio (DPR) is 92.09%.

Hercules Capital Profile

Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company’s existing capital structure and map to its business objectives.

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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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