Riverbridge Partners LLC Invests $1.34 Million in Hercules Capital, Inc. $HTGC

Riverbridge Partners LLC bought a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 1st quarter, Holdings Channel reports. The firm bought 90,672 shares of the financial services provider’s stock, valued at approximately $1,339,000.

Other hedge funds have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new stake in Hercules Capital in the fourth quarter worth about $27,000. Caitlin John LLC purchased a new position in shares of Hercules Capital during the 3rd quarter valued at about $29,000. Cornerstone Planning Group LLC bought a new position in shares of Hercules Capital during the 4th quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Hercules Capital by 113.1% during 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 acquiring an additional 1,000 shares during the period. Finally, Summit Securities Group LLC increased its holdings in 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 worth $38,000 after acquiring an additional 1,400 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Performance

NYSE:HTGC opened at $15.16 on Thursday. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.14. Hercules Capital, Inc. has a 12-month low of $13.70 and a 12-month high of $19.67. The stock has a 50-day moving average price of $15.61 and a 200 day moving average price of $16.35. The stock has a market capitalization of $2.84 billion, a P/E ratio of 8.57 and a beta of 0.80.

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

Hercules Capital Dividend Announcement

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

Analyst Ratings Changes

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