Capital Fund Management S.A. Acquires New Holdings in Hercules Capital, Inc. (HTGC)
Capital Fund Management S.A. acquired a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 29,500 shares of the financial services provider’s stock, valued at approximately $391,000.
Other hedge funds and other institutional investors have also recently modified their holdings of the company. Financial Counselors Inc. bought a new position in Hercules Capital in the second quarter valued at approximately $154,000. CIBC World Markets Inc. lifted its stake in Hercules Capital by 11.5% in the second quarter. CIBC World Markets Inc. now owns 37,598 shares of the financial services provider’s stock valued at $498,000 after buying an additional 3,864 shares in the last quarter. WESPAC Advisors LLC lifted its stake in Hercules Capital by 84.7% in the second quarter. WESPAC Advisors LLC now owns 107,258 shares of the financial services provider’s stock valued at $1,420,000 after buying an additional 49,194 shares in the last quarter. Cipher Capital LP bought a new position in Hercules Capital in the second quarter valued at approximately $792,000. Finally, Principal Financial Group Inc. lifted its stake in Hercules Capital by 108.0% in the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock valued at $39,158,000 after buying an additional 1,535,592 shares in the last quarter. Hedge funds and other institutional investors own 42.55% of the company’s stock.
A number of brokerages have weighed in on HTGC. BidaskClub raised shares of Hercules Capital from a “sell” rating to a “hold” rating in a research note on Monday. Compass Point raised shares of Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research note on Friday, September 8th. ValuEngine lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research note on Wednesday, August 16th. Finally, Zacks Investment Research lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. Two analysts have rated the stock with a sell rating, four have assigned a hold rating and six have given a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $14.94.
Shares of Hercules Capital, Inc. (NYSE HTGC) opened at 12.40 on Tuesday. The company has a market cap of $1.03 billion, a price-to-earnings ratio of 13.73 and a beta of 0.83. The stock has a 50 day moving average of $12.60 and a 200-day moving average of $13.63. Hercules Capital, Inc. has a 12 month low of $11.64 and a 12 month high of $15.68.
Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, hitting the consensus estimate of $0.31. The company had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The company’s quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 EPS. On average, analysts forecast that Hercules Capital, Inc. will post $1.17 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were given a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 10.00%. The ex-dividend date of this dividend was Thursday, August 10th. Hercules Capital’s dividend payout ratio (DPR) is 134.78%.
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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