Envestnet Asset Management Inc. lowered its stake in shares of Hercules Capital Inc (NYSE:HTGC) by 4.1% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 36,193 shares of the financial services provider’s stock after selling 1,552 shares during the period. Envestnet Asset Management Inc.’s holdings in Hercules Capital were worth $484,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds also recently made changes to their positions in the company. West Oak Capital LLC acquired a new position in shares of Hercules Capital during the second quarter valued at about $38,000. Parallel Advisors LLC raised its position in shares of Hercules Capital by 696.6% during the second quarter. Parallel Advisors LLC now owns 3,983 shares of the financial services provider’s stock valued at $51,000 after buying an additional 3,483 shares during the last quarter. Quantamental Technologies LLC acquired a new position in shares of Hercules Capital during the second quarter valued at about $127,000. Centaurus Financial Inc. raised its position in shares of Hercules Capital by 31.3% during the first quarter. Centaurus Financial Inc. now owns 10,094 shares of the financial services provider’s stock valued at $797,000 after buying an additional 2,408 shares during the last quarter. Finally, Stelac Advisory Services LLC acquired a new position in shares of Hercules Capital during the second quarter valued at about $134,000. 33.96% of the stock is owned by institutional investors and hedge funds.
A number of brokerages have recently commented on HTGC. Wells Fargo & Co raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating in a research report on Monday, November 4th. TheStreet raised shares of Hercules Capital from a “c+” rating to a “b” rating in a research report on Monday, September 16th. ValuEngine lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Thursday, August 1st. Finally, JMP Securities set a $15.00 price target on shares of Hercules Capital and gave the stock a “buy” rating in a research report on Friday, November 1st. One investment analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $13.61.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.37 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.34 by $0.03. Hercules Capital had a net margin of 44.00% and a return on equity of 12.94%. The firm had revenue of $69.24 million during the quarter, compared to analyst estimates of $68.08 million. During the same quarter in the prior year, the business posted $0.31 earnings per share. The company’s quarterly revenue was up 31.6% compared to the same quarter last year. On average, research analysts expect that Hercules Capital Inc will post 1.4 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 18th. Investors of record on Monday, November 11th will be given a $0.03 dividend. This represents a $0.12 annualized dividend and a yield of 0.86%. The ex-dividend date of this dividend is Thursday, November 7th. Hercules Capital’s dividend payout ratio (DPR) is presently 107.56%.
About Hercules Capital
Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups, to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.
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