Hercules Capital, Inc. $HTGC Shares Bought by Naples Global Advisors LLC

Naples Global Advisors LLC increased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 9.1% in the second quarter, Holdings Channel.com reports. The institutional investor owned 69,924 shares of the financial services provider’s stock after purchasing an additional 5,850 shares during the quarter. Naples Global Advisors LLC’s holdings in Hercules Capital were worth $1,278,000 as of its most recent SEC filing.

Other large investors have also modified their holdings of the company. Bessemer Group Inc. acquired a new stake in shares of Hercules Capital in the first quarter valued at about $38,000. Sumitomo Mitsui Trust Group Inc. grew its stake in shares of Hercules Capital by 12.9% in the first quarter. Sumitomo Mitsui Trust Group Inc. now owns 499,699 shares of the financial services provider’s stock valued at $9,599,000 after buying an additional 56,932 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its stake in shares of Hercules Capital by 2.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider’s stock valued at $631,000 after buying an additional 628 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Hercules Capital by 26.5% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 22,405 shares of the financial services provider’s stock valued at $432,000 after buying an additional 4,688 shares in the last quarter. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Hercules Capital by 27.4% in the first quarter. Oppenheimer & Co. Inc. now owns 20,218 shares of the financial services provider’s stock valued at $388,000 after buying an additional 4,352 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on HTGC shares. JMP Securities increased their target price on Hercules Capital from $22.00 to $24.00 and gave the company a “market outperform” rating in a research note on Monday, August 4th. Piper Sandler raised their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Friday, August 1st. Citigroup restated an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. Finally, UBS Group raised their price objective on Hercules Capital from $18.50 to $19.00 and gave the company a “neutral” rating in a research note on Wednesday, July 16th. Five investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.58.

Hercules Capital Trading Up 0.7%

NYSE:HTGC opened at $18.75 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.96. The business’s 50 day moving average is $19.23 and its two-hundred day moving average is $18.48. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04. The company has a market cap of $3.41 billion, a PE ratio of 12.41 and a beta of 0.96.

Hercules Capital (NYSE:HTGC) last released its earnings results 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 return on equity of 16.54% and a net margin of 51.46%.The company had revenue of $137.46 million for the quarter, compared to the consensus estimate of $129.47 million. During the same quarter last year, the business posted $0.51 EPS. Hercules Capital’s quarterly revenue was up 10.0% compared to the same quarter last year. On average, analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a $0.47 dividend. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 12th. This represents a $1.88 annualized dividend and a dividend yield of 10.0%. Hercules Capital’s dividend payout ratio (DPR) is 105.96%.

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.