Global Retirement Partners LLC Boosts Stock Position in Hercules Capital, Inc. $HTGC

Global Retirement Partners LLC boosted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 196.0% during the third quarter, Holdings Channel reports. The firm owned 69,615 shares of the financial services provider’s stock after acquiring an additional 46,099 shares during the quarter. Global Retirement Partners LLC’s holdings in Hercules Capital were worth $1,316,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Dakota Wealth Management lifted its holdings in Hercules Capital by 1.6% in the 2nd quarter. Dakota Wealth Management now owns 37,985 shares of the financial services provider’s stock worth $694,000 after buying an additional 600 shares during the period. CWM LLC raised its holdings in shares of Hercules Capital by 79.6% during the second quarter. CWM LLC now owns 1,381 shares of the financial services provider’s stock valued at $25,000 after acquiring an additional 612 shares in the last quarter. Rockefeller Capital Management L.P. lifted its stake in Hercules Capital by 0.5% in the second quarter. Rockefeller Capital Management L.P. now owns 143,346 shares of the financial services provider’s stock worth $2,620,000 after acquiring an additional 697 shares during the period. MAS Advisors LLC boosted its holdings in Hercules Capital by 3.6% in the second quarter. MAS Advisors LLC now owns 20,992 shares of the financial services provider’s stock valued at $384,000 after acquiring an additional 728 shares in the last quarter. Finally, Abundance Wealth Counselors boosted its holdings in Hercules Capital by 1.3% in the second quarter. Abundance Wealth Counselors now owns 58,923 shares of the financial services provider’s stock valued at $1,077,000 after acquiring an additional 768 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Insider Transactions at Hercules Capital

In other news, Director Gayle A. Crowell acquired 6,000 shares of the business’s stock in a transaction that occurred on Monday, November 3rd. The shares were bought at an average cost of $17.77 per share, with a total value of $106,620.00. Following the transaction, the director owned 78,727 shares of the company’s stock, valued at $1,398,978.79. This trade represents a 8.25% increase in their position. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. 1.80% of the stock is currently owned by insiders.

Hercules Capital Price Performance

Shares of HTGC opened at $18.64 on Wednesday. The firm’s 50-day simple moving average is $18.25 and its two-hundred day simple moving average is $18.59. Hercules Capital, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $22.04. The stock has a market cap of $3.39 billion, a PE ratio of 10.83 and a beta of 0.84. The company has a debt-to-equity ratio of 0.98, a quick ratio of 1.65 and a current ratio of 1.65.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.49 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.01. The company had revenue of $138.09 million for the quarter, compared to the consensus estimate of $136.95 million. Hercules Capital had a return on equity of 16.13% and a net margin of 60.05%.During the same quarter in the prior year, the business posted $0.51 EPS. Analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Stockholders of record on Wednesday, November 12th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 8.6%. The ex-dividend date of this dividend was Wednesday, November 12th. Hercules Capital’s payout ratio is currently 93.02%.

Analysts Set New Price Targets

Several brokerages have commented on HTGC. UBS Group decreased their price objective on shares of Hercules Capital from $19.00 to $18.50 and set a “neutral” rating for the company in a report on Tuesday, October 14th. Lucid Cap Mkts upgraded shares of Hercules Capital to a “strong-buy” rating in a report on Monday, December 15th. Wall Street Zen cut Hercules Capital from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Piper Sandler decreased their target price on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating for the company in a research report on Thursday, October 9th. Finally, Weiss Ratings restated a “buy (b-)” rating on shares of Hercules Capital in a research note on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and two have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $20.32.

About Hercules Capital

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.