Hercules Capital, Inc. (NYSE:HTGC) Shares Acquired by Baird Financial Group Inc.

Baird Financial Group Inc. lifted its stake in shares of Hercules Capital, Inc. (NYSE:HTGCGet Rating) by 3.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 70,324 shares of the financial services provider’s stock after purchasing an additional 2,146 shares during the quarter. Baird Financial Group Inc.’s holdings in Hercules Capital were worth $949,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Y Intercept Hong Kong Ltd acquired a new stake in Hercules Capital in the 2nd quarter valued at approximately $179,000. Banque Pictet & Cie SA acquired a new stake in Hercules Capital in the 2nd quarter valued at approximately $1,754,000. Coastal Bridge Advisors LLC acquired a new stake in Hercules Capital in the 2nd quarter valued at approximately $159,000. MQS Management LLC acquired a new stake in Hercules Capital in the 2nd quarter valued at approximately $233,000. Finally, Mckinley Capital Management LLC Delaware increased its position in Hercules Capital by 0.8% in the 2nd quarter. Mckinley Capital Management LLC Delaware now owns 425,992 shares of the financial services provider’s stock valued at $5,747,000 after acquiring an additional 3,210 shares during the period. 23.79% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently commented on HTGC shares. JMP Securities lowered their target price on Hercules Capital from $19.00 to $18.00 and set a “market outperform” rating on the stock in a research report on Monday, August 1st. Royal Bank of Canada decreased their price target on Hercules Capital from $17.00 to $16.00 and set an “outperform” rating for the company in a research note on Thursday, November 3rd. Oppenheimer lowered Hercules Capital from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $18.00 to $15.00 in a research note on Friday, July 29th. Compass Point decreased their price target on Hercules Capital to $15.00 in a research note on Tuesday, November 15th. Finally, StockNews.com raised Hercules Capital from a “sell” rating to a “hold” rating in a research note on Monday, November 7th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, Hercules Capital presently has an average rating of “Hold” and an average price target of $15.64.

Hercules Capital Stock Performance

HTGC opened at $14.33 on Friday. The firm has a market cap of $1.87 billion, a PE ratio of 44.78 and a beta of 1.46. The company has a quick ratio of 2.64, a current ratio of 2.64 and a debt-to-equity ratio of 1.12. The business has a fifty day simple moving average of $13.39 and a 200-day simple moving average of $14.09. Hercules Capital, Inc. has a fifty-two week low of $11.16 and a fifty-two week high of $19.09.

Hercules Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, November 17th. Stockholders of record on Thursday, November 10th were paid a dividend of $0.36 per share. The ex-dividend date was Wednesday, November 9th. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.35. This represents a $1.44 annualized dividend and a dividend yield of 10.05%. Hercules Capital’s dividend payout ratio (DPR) is currently 450.01%.

Hercules Capital Company Profile

(Get Rating)

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.

Further Reading

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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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