Hercules Capital, Inc. $HTGC Shares Purchased by Sound Income Strategies LLC

Sound Income Strategies LLC lifted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 25.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,382,058 shares of the financial services provider’s stock after purchasing an additional 678,783 shares during the period. Hercules Capital accounts for 2.4% of Sound Income Strategies LLC’s holdings, making the stock its biggest holding. Sound Income Strategies LLC’s holdings in Hercules Capital were worth $49,243,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Hercules Capital in the fourth quarter valued at $27,000. Cornerstone Planning Group LLC acquired a new position in Hercules Capital during the 4th quarter worth about $29,000. Northwestern Mutual Wealth Management Co. grew its position in shares of Hercules Capital by 113.1% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the financial services provider’s stock valued at $35,000 after buying an additional 1,000 shares during the last quarter. Summit Securities Group LLC grew its position in shares of Hercules Capital by 233.3% in the 4th quarter. Summit Securities Group LLC now owns 2,000 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,400 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Hercules Capital in the fourth quarter valued at about $53,000. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Up 0.3%

Shares of HTGC stock opened at $15.97 on Friday. The company has a market cap of $2.99 billion, a P/E ratio of 9.02 and a beta of 0.79. The stock has a 50 day simple moving average of $15.61 and a two-hundred day simple moving average of $16.21. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.89 and a current ratio of 1.89. Hercules Capital, Inc. has a fifty-two week low of $13.70 and a fifty-two week high of $19.67.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. The firm had revenue of $134.94 million for the quarter, compared to analysts’ expectations of $141.39 million. Hercules Capital had a return on equity of 16.05% and a net margin of 59.85%.The company’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same period in the prior year, the business earned $0.45 EPS. Research analysts forecast that Hercules Capital, Inc. will post 1.93 earnings per share for the current year.

Hercules Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were paid a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.28 annualized dividend and a yield of 1.8%. Hercules Capital’s dividend payout ratio is currently 90.40%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price objective on Hercules Capital from $19.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. UBS Group increased their target price on shares of Hercules Capital from $15.00 to $15.50 and gave the company a “neutral” rating in a research report on Monday, May 18th. Citizens Jmp lowered their price target on shares of Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a report on Wednesday, April 22nd. Piper Sandler boosted their price target on shares of Hercules Capital from $16.50 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hercules Capital in a research note on Wednesday, June 17th. One analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $18.21.

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.