Diligent Investors LLC Boosts Holdings in Hercules Capital, Inc. $HTGC

Diligent Investors LLC boosted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 14.4% during the 2nd quarter, Holdings Channel.com reports. The firm owned 28,005 shares of the financial services provider’s stock after purchasing an additional 3,522 shares during the quarter. Diligent Investors LLC’s holdings in Hercules Capital were worth $512,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of HTGC. Kingstone Capital Partners Texas LLC purchased a new stake in shares of Hercules Capital in the second quarter worth about $522,447,000. Sound Income Strategies LLC boosted its position in Hercules Capital by 1.9% in the 2nd quarter. Sound Income Strategies LLC now owns 2,930,340 shares of the financial services provider’s stock worth $53,567,000 after purchasing an additional 55,885 shares in the last quarter. LPL Financial LLC grew its stake in shares of Hercules Capital by 14.5% during the 1st quarter. LPL Financial LLC now owns 1,130,362 shares of the financial services provider’s stock worth $21,714,000 after purchasing an additional 143,042 shares during the period. Royal Bank of Canada increased its holdings in shares of Hercules Capital by 2.0% during the 1st quarter. Royal Bank of Canada now owns 804,077 shares of the financial services provider’s stock valued at $15,446,000 after purchasing an additional 15,724 shares in the last quarter. Finally, Melia Wealth LLC increased its holdings in shares of Hercules Capital by 0.3% during the 1st quarter. Melia Wealth LLC now owns 762,512 shares of the financial services provider’s stock valued at $14,648,000 after purchasing an additional 2,153 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Trading Down 1.6%

HTGC stock opened at $18.44 on Friday. Hercules Capital, Inc. has a 12-month low of $15.65 and a 12-month high of $22.04. The business’s 50-day moving average is $19.21 and its 200 day moving average is $18.47. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.96. The stock has a market cap of $3.35 billion, a price-to-earnings ratio of 12.21 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 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.03. The business had revenue of $137.46 million for the quarter, compared to the consensus estimate of $129.47 million. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.The business’s quarterly revenue was up 10.0% compared to the same quarter last year. During the same quarter last year, the business posted $0.51 earnings per share. On average, sell-side analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Tuesday, August 12th. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.2%. Hercules Capital’s payout ratio is currently 105.96%.

Wall Street Analyst Weigh In

Several analysts recently commented on HTGC shares. Piper Sandler raised their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Friday, August 1st. Citigroup restated an “outperform” rating on shares of Hercules Capital in a research note on Monday, August 4th. Weiss Ratings reaffirmed a “buy (b)” rating on shares of Hercules Capital in a report on Saturday, September 27th. JMP Securities raised their price objective on Hercules Capital from $22.00 to $24.00 and gave the company a “market outperform” rating in a report on Monday, August 4th. Finally, UBS Group upped their target price on Hercules Capital from $18.50 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, Hercules Capital has a consensus rating of “Moderate Buy” and a consensus price target of $20.58.

Hercules Capital Company 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.