J.W. Cole Advisors Inc. bought a new position in Hercules Capital, Inc. (NYSE:HTGC – Get Rating) during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 32,035 shares of the financial services provider’s stock, valued at approximately $55,000.
Several other large investors have also made changes to their positions in HTGC. HighTower Advisors LLC raised its position in shares of Hercules Capital by 5.6% in the 4th quarter. HighTower Advisors LLC now owns 47,415 shares of the financial services provider’s stock worth $790,000 after buying an additional 2,512 shares during the period. Qube Research & Technologies Ltd purchased a new position in shares of Hercules Capital in the 4th quarter worth $732,000. GSA Capital Partners LLP purchased a new position in shares of Hercules Capital in the 4th quarter worth $500,000. Legacy Capital Wealth Partners LLC raised its position in shares of Hercules Capital by 4.5% in the 4th quarter. Legacy Capital Wealth Partners LLC now owns 71,322 shares of the financial services provider’s stock worth $1,183,000 after buying an additional 3,039 shares during the period. Finally, IHT Wealth Management LLC purchased a new position in Hercules Capital in the fourth quarter valued at about $168,000. 23.79% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
Several research analysts have commented on HTGC shares. Oppenheimer lowered Hercules Capital from an “outperform” rating to a “market perform” rating and cut their price objective for the company from $18.00 to $15.00 in a research report on Friday, July 29th. StockNews.com lowered Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. TheStreet lowered Hercules Capital from a “b” rating to a “c-” rating in a research report on Monday, July 11th. Compass Point cut their price objective on Hercules Capital to $15.75 in a research report on Tuesday, August 9th. Finally, Piper Sandler cut their price objective on Hercules Capital from $18.50 to $15.50 and set a “neutral” rating on the stock in a research report on Tuesday, June 28th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Hercules Capital currently has an average rating of “Hold” and an average price target of $17.38.
Hercules Capital Stock Down 1.8 %
Hercules Capital (NYSE:HTGC – Get Rating) last posted its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The firm had revenue of $72.12 million during the quarter, compared to analyst estimates of $72.41 million. Hercules Capital had a return on equity of 11.63% and a net margin of 4.86%. The firm’s revenue for the quarter was up 3.7% on a year-over-year basis. During the same quarter last year, the business posted $0.32 earnings per share. As a group, equities analysts forecast that Hercules Capital, Inc. will post 1.35 EPS for the current fiscal year.
Hercules Capital Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, August 16th. Investors of record on Tuesday, August 9th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 15.26%. This is an increase from Hercules Capital’s previous quarterly dividend of $0.33. The ex-dividend date of this dividend was Monday, August 8th. Hercules Capital’s dividend payout ratio (DPR) is 1,272.84%.
Hercules Capital Company Profile
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.
- Get a free copy of the StockNews.com research report on Hercules Capital (HTGC)
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