NJ State Employees Deferred Compensation Plan cut its stake in Hercules Capital, Inc. (NYSE:HTGC) by 38.5% in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,000 shares of the financial services provider’s stock after selling 25,000 shares during the quarter. NJ State Employees Deferred Compensation Plan’s holdings in Hercules Capital were worth $516,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of HTGC. The Manufacturers Life Insurance Company increased its stake in shares of Hercules Capital by 29.8% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 2,034 shares in the last quarter. Cetera Investment Advisers bought a new position in shares of Hercules Capital in the 2nd quarter worth about $138,000. Eagle Global Advisors LLC bought a new position in shares of Hercules Capital in the 2nd quarter worth about $154,000. Financial Counselors Inc. bought a new position in shares of Hercules Capital in the 2nd quarter worth about $154,000. Finally, United Capital Financial Advisers LLC bought a new position in shares of Hercules Capital in the 1st quarter worth about $157,000. Institutional investors own 42.74% of the company’s stock.
Shares of Hercules Capital, Inc. (NYSE HTGC) opened at $13.40 on Friday. Hercules Capital, Inc. has a 1 year low of $11.64 and a 1 year high of $15.68. The company has a debt-to-equity ratio of 0.92, a quick ratio of 8.47 and a current ratio of 8.47. The company has a market cap of $1.13 billion, a PE ratio of 9.50, a P/E/G ratio of 2.12 and a beta of 0.84.
Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.29. The firm had revenue of $45.90 million for the quarter, compared to the consensus estimate of $46.22 million. Hercules Capital had a net margin of 39.73% and a return on equity of 13.06%. The business’s quarterly revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.32 EPS. equities analysts predict that Hercules Capital, Inc. will post 1.17 earnings per share for the current fiscal year.
The business also recently declared a dividend, which will be paid on Monday, November 20th. Stockholders of record on Monday, November 13th will be issued a dividend of $0.31 per share. The ex-dividend date is Friday, November 10th. Hercules Capital’s payout ratio is presently 136.26%.
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Several brokerages recently issued reports on HTGC. ValuEngine lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. JMP Securities reiterated a “mkt outperform” rating and issued a $14.50 price target on shares of Hercules Capital in a research note on Monday, August 7th. Zacks Investment Research downgraded shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Keefe, Bruyette & Woods reissued a “buy” rating and set a $15.00 price objective on shares of Hercules Capital in a research report on Tuesday, October 24th. Finally, Wedbush initiated coverage on shares of Hercules Capital in a research report on Tuesday, October 24th. They set a “neutral” rating and a $13.25 price objective on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have issued a buy rating to the company. The stock presently has an average rating of “Hold” and an average target price of $14.34.
Hercules Capital 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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