Generali Investments CEE investicni spolecnost a.s. Invests $821,000 in Hercules Capital, Inc. (NYSE:HTGC)

Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the 1st quarter, according to its most recent 13F filing with the SEC. The fund bought 42,750 shares of the financial services provider's stock, valued at approximately $821,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Sound Income Strategies LLC boosted its holdings in Hercules Capital by 2.1% in the first quarter. Sound Income Strategies LLC now owns 2,874,455 shares of the financial services provider's stock worth $55,218,000 after acquiring an additional 59,241 shares in the last quarter. Two Sigma Advisers LP raised its position in shares of Hercules Capital by 205.7% in the 4th quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider's stock valued at $28,265,000 after purchasing an additional 946,700 shares during the last quarter. Advisors Capital Management LLC boosted its stake in Hercules Capital by 6.6% in the 4th quarter. Advisors Capital Management LLC now owns 1,018,210 shares of the financial services provider's stock worth $20,456,000 after purchasing an additional 62,610 shares in the last quarter. Two Sigma Investments LP grew its position in Hercules Capital by 106.7% during the 4th quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider's stock worth $19,002,000 after purchasing an additional 488,172 shares during the last quarter. Finally, Royal Bank of Canada grew its position in Hercules Capital by 3.1% during the 4th quarter. Royal Bank of Canada now owns 788,353 shares of the financial services provider's stock worth $15,839,000 after purchasing an additional 23,783 shares during the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research analysts have issued reports on HTGC shares. Wells Fargo & Company lowered 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 note on Monday, April 28th. UBS Group lowered their price target on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Piper Sandler dropped their price target on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Finally, Keefe, Bruyette & Woods reduced their price objective on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $19.92.

Insider Buying and Selling at Hercules Capital

In other news, Director Nikos Theodosopoulos purchased 5,999 shares of the stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $17.49 per share, with a total value of $104,922.51. Following the completion of the acquisition, the director owned 11,960 shares of the company's stock, valued at approximately $209,180.40. This represents a 100.64% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.

Hercules Capital Price Performance

Shares of HTGC opened at $18.61 on Friday. The business's 50-day moving average is $17.85 and its two-hundred day moving average is $18.95. The company has a market capitalization of $3.26 billion, a P/E ratio of 13.99 and a beta of 0.93. Hercules Capital, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $22.04. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.38 and a current ratio of 2.38.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Hercules Capital had a return on equity of 16.84% and a net margin of 45.23%. The company had revenue of $102.10 million for the quarter, compared to analyst estimates of $125.43 million. During the same period last year, the business earned $0.50 earnings per share. The firm's revenue was down 1.6% on a year-over-year basis. Research analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 8.60%. The ex-dividend date was Tuesday, May 13th. Hercules Capital's dividend payout ratio (DPR) is 120.30%.

Hercules Capital 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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