Global Retirement Partners LLC Takes $946,000 Position in Hercules Capital, Inc. $HTGC

Global Retirement Partners LLC bought a new position in Hercules Capital, Inc. (NYSE:HTGC) during the 2nd quarter, Holdings Channel reports. The firm bought 59,991 shares of the financial services provider’s stock, valued at approximately $946,000.

A number of other large investors have also bought and sold shares of HTGC. Sound Income Strategies LLC increased its holdings in Hercules Capital by 25.1% during the 1st quarter. Sound Income Strategies LLC now owns 3,382,058 shares of the financial services provider’s stock valued at $49,243,000 after purchasing an additional 678,783 shares in the last quarter. Marshall Wace LLP acquired a new position in Hercules Capital in the third quarter worth $11,199,000. Qube Research & Technologies Ltd grew its holdings in shares of Hercules Capital by 425.6% during the second quarter. Qube Research & Technologies Ltd now owns 580,414 shares of the financial services provider’s stock worth $10,610,000 after purchasing an additional 469,989 shares during the last quarter. UBS Group AG grew its holdings in shares of Hercules Capital by 26.8% during the fourth quarter. UBS Group AG now owns 1,671,860 shares of the financial services provider’s stock worth $31,464,000 after purchasing an additional 353,092 shares during the last quarter. Finally, HRT Financial LP increased its stake in shares of Hercules Capital by 100.9% in the second quarter. HRT Financial LP now owns 558,010 shares of the financial services provider’s stock valued at $10,200,000 after buying an additional 280,198 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Price Performance

Hercules Capital stock opened at $16.61 on Wednesday. The business’s 50-day simple moving average is $16.04 and its 200 day simple moving average is $15.66. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.03. The stock has a market cap of $3.11 billion, a price-to-earnings ratio of 8.27 and a beta of 0.79. Hercules Capital, Inc. has a 12-month low of $13.70 and a 12-month high of $19.62.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. Hercules Capital had a return on equity of 16.01% and a net margin of 67.68%.The firm had revenue of $134.41 million during the quarter, compared to analysts’ expectations of $146.71 million. During the same period in the previous year, the business posted $0.50 EPS. The company’s quarterly revenue was up 8.4% compared to the same quarter last year. As a group, research analysts anticipate that Hercules Capital, Inc. will post 1.95 earnings per share for the current year.

Hercules Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, August 11th. This represents a $1.60 dividend on an annualized basis and a yield of 9.6%. This is a boost from Hercules Capital’s previous quarterly dividend of $0.07. Hercules Capital’s dividend payout ratio (DPR) is presently 79.60%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on HTGC. LADENBURG THALM/SH SH cut their price target on Hercules Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, July 31st. UBS Group increased their price objective on shares of Hercules Capital from $15.00 to $15.50 and gave the stock a “neutral” rating in a report on Monday, May 18th. Citizens Jmp lowered their price objective on shares of Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a research report on Wednesday, April 22nd. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hercules Capital in a research note on Wednesday, June 17th. Finally, Piper Sandler upped their target price 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. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $18.46.

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.