Credit Agricole S A Has $10.13 Million Stock Holdings in Hercules Capital, Inc. $HTGC

Key Points

• Credit Agricole S A increased its holdings in Hercules Capital by 46.2% during the first quarter, owning approximately $10.13 million worth of the company's stock.
• Hercules Capital recently announced a dividend increase, raising its quarterly payment from $0.40 to $0.47, yielding about 9.8% on an annualized basis.
• The company reported earnings per share (EPS) of $0.50 for the quarter, surpassing analysts' expectations and indicating a year-over-year revenue growth of 10%.

Credit Agricole S A raised its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 46.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 527,236 shares of the financial services provider's stock after purchasing an additional 166,671 shares during the quarter. Credit Agricole S A owned approximately 0.30% of Hercules Capital worth $10,128,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Ameriflex Group Inc. acquired a new stake in Hercules Capital during the 4th quarter valued at $29,000. N.E.W. Advisory Services LLC bought a new position in Hercules Capital during the 1st quarter worth $30,000. Bessemer Group Inc. bought a new position in Hercules Capital during the 1st quarter worth $38,000. Quarry LP bought a new position in Hercules Capital during the 4th quarter worth $48,000. Finally, Point72 Hong Kong Ltd bought a new position in Hercules Capital during the 4th quarter worth $80,000. Institutional investors and hedge funds own 19.69% of the company's stock.

Hercules Capital Stock Down 0.2%

Shares of NYSE HTGC opened at $19.1250 on Thursday. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.68 and a current ratio of 1.68. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04. The stock has a market capitalization of $3.47 billion, a P/E ratio of 12.67 and a beta of 0.94. The stock's fifty day moving average is $18.81 and its 200 day moving average is $18.71.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its earnings results on Thursday, July 31st. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.47 by $0.03. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.The firm had revenue of $137.46 million for the quarter, compared to analysts' expectations of $129.47 million. During the same quarter in the previous year, the business posted $0.51 earnings per share. The business's revenue for the quarter was up 10.0% on a year-over-year basis. Sell-side analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th were given a $0.47 dividend. This is a boost from Hercules Capital's previous quarterly dividend of $0.40. This represents a $1.88 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date was Tuesday, August 12th. Hercules Capital's dividend payout ratio (DPR) is presently 105.96%.

Wall Street Analyst Weigh In

Several research firms have weighed in on HTGC. Citigroup reiterated an "outperform" rating on shares of Hercules Capital in a research report on Monday, August 4th. Wells Fargo & Company lowered their price objective on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. UBS Group increased their price objective on Hercules Capital from $18.50 to $19.00 and gave the stock a "neutral" rating in a research report on Wednesday, July 16th. Piper Sandler increased their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday, August 1st. Finally, JMP Securities increased their price objective on Hercules Capital from $22.00 to $24.00 and gave the stock a "market outperform" rating in a research report on Monday, August 4th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, Hercules Capital currently has an average rating of "Moderate Buy" and a consensus target price of $20.58.

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.

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