Founders Financial Alliance LLC Makes New Investment in Hercules Capital, Inc. (NYSE:HTGC)

Key Points

• Founders Financial Alliance LLC has acquired a new position in Hercules Capital, purchasing 14,516 shares valued at approximately $279,000.
• Hercules Capital recently announced a dividend increase to $0.47 per share, up from $0.40, with an annual yield of 9.6%.
• Wall Street analysts have varied projections for Hercules Capital, with a consensus price target of $20.58 and ratings ranging from "hold" to "buy".

Founders Financial Alliance LLC bought a new position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The firm bought 14,516 shares of the financial services provider's stock, valued at approximately $279,000.

Other large investors have also recently modified their holdings of the company. Ares Management LLC lifted its position in Hercules Capital by 14.3% during the fourth quarter. Ares Management LLC now owns 226,606 shares of the financial services provider's stock valued at $4,553,000 after buying an additional 28,300 shares during the period. Bessemer Group Inc. bought a new position in shares of Hercules Capital in the 1st quarter worth about $38,000. Sumitomo Mitsui Trust Group Inc. lifted its position in Hercules Capital by 12.9% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 499,699 shares of the financial services provider's stock valued at $9,599,000 after acquiring an additional 56,932 shares during the period. Wealth Enhancement Advisory Services LLC boosted its stake in Hercules Capital by 2.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider's stock worth $631,000 after acquiring an additional 628 shares in the last quarter. Finally, Marshall Wace LLP purchased a new stake in Hercules Capital in the fourth quarter worth about $14,871,000. Institutional investors own 19.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HTGC. JMP Securities lifted their target price on shares of Hercules Capital from $22.00 to $24.00 and gave the company a "market outperform" rating in a report on Monday, August 4th. Wells Fargo & Company reduced their price objective on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. UBS Group boosted their target price on Hercules Capital from $18.50 to $19.00 and gave the stock a "neutral" rating in a report on Wednesday, July 16th. Citigroup restated an "outperform" rating on shares of Hercules Capital in a report on Monday, August 4th. Finally, Piper Sandler upped their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Friday, August 1st. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $20.58.

Hercules Capital Stock Up 0.9%

HTGC stock opened at $19.49 on Friday. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 2.38. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The stock has a market capitalization of $3.54 billion, a P/E ratio of 12.91 and a beta of 0.94. The business has a fifty day moving average price of $18.60 and a 200-day moving average price of $18.79.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Thursday, July 31st. The financial services provider reported $0.50 earnings per share (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 16.54%. The business had revenue of $137.46 million for the quarter, compared to analysts' expectations of $129.47 million. During the same quarter in the prior year, the business earned $0.51 EPS. The business's revenue for the quarter was up 10.0% compared to the same quarter last year. Equities analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Shareholders of record on Tuesday, August 12th will be given a $0.47 dividend. This is a boost from Hercules Capital's previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Tuesday, August 12th. This represents a $1.88 dividend on an annualized basis and a yield of 9.6%. Hercules Capital's payout ratio is presently 105.96%.

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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