Foundations Investment Advisors LLC boosted its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 185.4% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 35,717 shares of the financial services provider's stock after acquiring an additional 23,202 shares during the period. Foundations Investment Advisors LLC's holdings in Hercules Capital were worth $686,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Ameriflex Group Inc. purchased a new stake in shares of Hercules Capital during the 4th quarter worth approximately $29,000. Estabrook Capital Management lifted its position in shares of Hercules Capital by 239.0% during the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock worth $38,000 after buying an additional 1,324 shares during the last quarter. Bessemer Group Inc. purchased a new stake in shares of Hercules Capital during the 1st quarter worth approximately $38,000. Quarry LP purchased a new stake in shares of Hercules Capital during the 4th quarter worth approximately $48,000. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Hercules Capital during the 4th quarter worth approximately $80,000. Institutional investors and hedge funds own 19.69% of the company's stock.
Hercules Capital Stock Performance
HTGC stock traded up $0.40 on Friday, hitting $19.16. The company's stock had a trading volume of 1,875,292 shares, compared to its average volume of 948,347. The firm has a 50 day moving average of $18.41 and a two-hundred day moving average of $18.85. Hercules Capital, Inc. has a 1 year low of $15.65 and a 1 year high of $22.04. The stock has a market cap of $3.36 billion, a price-to-earnings ratio of 12.69 and a beta of 0.94. The company has a current ratio of 2.38, a quick ratio of 2.38 and a debt-to-equity ratio of 0.99.
Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.47 by $0.03. Hercules Capital had a net margin of 51.46% and a return on equity of 16.97%. The firm had revenue of $137.46 million during the quarter, compared to the consensus estimate of $129.47 million. During the same quarter in the prior year, the firm earned $0.51 EPS. Hercules Capital's revenue for the quarter was up 10.0% on a year-over-year basis. Equities analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.
Hercules Capital Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.88 annualized dividend and a yield of 9.8%. This is an increase from Hercules Capital's previous quarterly dividend of $0.40. Hercules Capital's dividend payout ratio is presently 120.30%.
Analyst Ratings Changes
Several analysts have recently weighed in on HTGC shares. Keefe, Bruyette & Woods reduced their price objective on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their price objective on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Piper Sandler boosted their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Friday. Finally, UBS Group upped their price target on shares of Hercules Capital from $18.50 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hercules Capital presently has an average rating of "Moderate Buy" and a consensus price target of $20.25.
Read Our Latest Report on Hercules Capital
Insider Transactions at Hercules Capital
In other news, Director Nikos Theodosopoulos acquired 5,999 shares of the company's stock in a transaction on Thursday, May 8th. The shares were bought at an average cost of $17.49 per share, with a total value of $104,922.51. Following the purchase, the director owned 11,960 shares of the company's stock, valued at $209,180.40. This represents a 100.64% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 1.90% of the company's stock.
Hercules Capital Company Profile
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Free Report)
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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