WealthTrust Axiom LLC Continues to Hold Stake in Hercules Capital, Inc. (HTGC)
WealthTrust Axiom LLC maintained its position in shares of Hercules Capital, Inc. (NYSE:HTGC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,500 shares of the financial services provider’s stock at the end of the second quarter. WealthTrust Axiom LLC’s holdings in Hercules Capital were worth $178,000 as of its most recent filing with the SEC.
Other institutional investors also recently made changes to their positions in the company. Nwam LLC bought a new position in shares of Hercules Capital during the first quarter worth approximately $284,000. LSV Asset Management increased its position in shares of Hercules Capital by 14.8% in the first quarter. LSV Asset Management now owns 1,129,565 shares of the financial services provider’s stock worth $17,090,000 after buying an additional 145,289 shares during the last quarter. Willingdon Wealth Management increased its position in shares of Hercules Capital by 17.8% in the first quarter. Willingdon Wealth Management now owns 211,831 shares of the financial services provider’s stock worth $3,205,000 after buying an additional 32,022 shares during the last quarter. Geneva Advisors LLC increased its position in shares of Hercules Capital by 96.7% in the first quarter. Geneva Advisors LLC now owns 111,232 shares of the financial services provider’s stock worth $1,683,000 after buying an additional 54,674 shares during the last quarter. Finally, Advisory Services Network LLC bought a new position in shares of Hercules Capital during the first quarter worth approximately $223,000. Hedge funds and other institutional investors own 44.25% of the company’s stock.
Shares of Hercules Capital, Inc. (HTGC) opened at 13.18 on Tuesday. Hercules Capital, Inc. has a 52-week low of $12.29 and a 52-week high of $15.68. The firm has a 50-day moving average price of $13.30 and a 200-day moving average price of $14.13. The stock has a market cap of $1.09 billion, a P/E ratio of 21.33 and a beta of 0.82.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The business had revenue of $48.45 million for the quarter, compared to analysts’ expectations of $48.25 million. During the same quarter last year, the firm earned $0.32 earnings per share. The business’s revenue was up 11.3% on a year-over-year basis. On average, analysts anticipate that Hercules Capital, Inc. will post $1.21 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 21st. Stockholders of record on Monday, August 14th will be issued a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 9.41%. The ex-dividend date is Thursday, August 10th. Hercules Capital’s dividend payout ratio (DPR) is 134.78%.
A number of equities analysts recently commented on the company. Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $17.00 price objective on shares of Hercules Capital in a research report on Thursday, April 20th. Zacks Investment Research downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research report on Friday, May 5th. Jefferies Group LLC reiterated a “buy” rating and set a $16.00 price objective on shares of Hercules Capital in a research report on Friday, July 14th. Raymond James Financial, Inc. reiterated an “underperform” rating on shares of Hercules Capital in a research report on Friday. Finally, Wunderlich reiterated a “hold” rating on shares of Hercules Capital in a research report on Tuesday, May 16th. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $15.21.
Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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