Parametric Portfolio Associates LLC raised its stake in Hercules Capital, Inc. (NYSE:HTGC) by 8.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 194,008 shares of the financial services provider’s stock after buying an additional 14,767 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.23% of Hercules Capital worth $2,569,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of HTGC. Principal Financial Group Inc. lifted its position in Hercules Capital by 108.0% in the second quarter. Principal Financial Group Inc. now owns 2,957,591 shares of the financial services provider’s stock valued at $39,158,000 after buying an additional 1,535,592 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Hercules Capital in the second quarter valued at about $3,832,000. Sumitomo Mitsui Asset Management Company LTD lifted its position in Hercules Capital by 21.8% in the second quarter. Sumitomo Mitsui Asset Management Company LTD now owns 660,459 shares of the financial services provider’s stock valued at $8,744,000 after buying an additional 118,208 shares during the last quarter. Advisors Capital Management LLC lifted its position in Hercules Capital by 14.0% in the second quarter. Advisors Capital Management LLC now owns 934,858 shares of the financial services provider’s stock valued at $12,378,000 after buying an additional 114,808 shares during the last quarter. Finally, James Investment Research Inc. acquired a new position in Hercules Capital in the second quarter valued at about $1,483,000. 42.82% of the stock is currently owned by institutional investors.
Shares of Hercules Capital, Inc. (HTGC) opened at $13.40 on Monday. The firm has a market cap of $1,127.78, a P/E ratio of 10.23, a P/E/G ratio of 2.31 and a beta of 0.84. Hercules Capital, Inc. has a 1-year low of $11.64 and a 1-year high of $15.68. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.87.
Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The firm had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $46.22 million. Hercules Capital had a net margin of 39.73% and a return on equity of 12.93%. The firm’s revenue was up 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.32 earnings per share. equities analysts forecast that Hercules Capital, Inc. will post 1.16 EPS for the current year.
The company also recently announced a dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 10th. Hercules Capital’s dividend payout ratio (DPR) is 136.26%.
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HTGC has been the topic of several research reports. Compass Point raised shares of Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 price target on the stock in a research report on Friday, September 8th. Jefferies Group LLC reissued a “buy” rating and set a $16.00 price target on shares of Hercules Capital in a research report on Wednesday, August 16th. Raymond James Financial, Inc. raised shares of Hercules Capital from an “underperform” rating to a “market perform” rating in a research report on Friday. Zacks Investment Research cut shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Finally, BidaskClub cut shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have given a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target 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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