Harbour Investments Inc. Has $408,000 Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Key Points

• Harbour Investments Inc. significantly increased its ownership of Hercules Capital, acquiring an additional 18,753 shares and boosting their total holdings by 758% to 21,227 shares, valued at $408,000.
• Hercules Capital recently declared a quarterly dividend of $0.47 per share, up from the previous dividend of $0.40, which represents an annualized yield of 9.6%.
• The company's stock performance shows a 12-month high of $22.04 and a low of $15.65, with current shares trading at approximately $19.51 and a P/E ratio of 12.92.

Harbour Investments Inc. increased its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 758.0% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,227 shares of the financial services provider's stock after buying an additional 18,753 shares during the period. Harbour Investments Inc.'s holdings in Hercules Capital were worth $408,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in HTGC. Arkadios Wealth Advisors raised its holdings in shares of Hercules Capital by 3.6% in the 1st quarter. Arkadios Wealth Advisors now owns 57,579 shares of the financial services provider's stock worth $1,106,000 after purchasing an additional 2,006 shares during the period. N.E.W. Advisory Services LLC bought a new stake in shares of Hercules Capital during the 1st quarter worth $30,000. Foundations Investment Advisors LLC lifted its holdings in shares of Hercules Capital by 185.4% during the 1st quarter. Foundations Investment Advisors LLC now owns 35,717 shares of the financial services provider's stock worth $686,000 after acquiring an additional 23,202 shares during the last quarter. Melia Wealth LLC lifted its stake in Hercules Capital by 0.3% in the first quarter. Melia Wealth LLC now owns 762,512 shares of the financial services provider's stock worth $14,648,000 after purchasing an additional 2,153 shares during the last quarter. Finally, LPL Financial LLC raised its stake in shares of Hercules Capital by 14.5% during the first quarter. LPL Financial LLC now owns 1,130,362 shares of the financial services provider's stock valued at $21,714,000 after acquiring an additional 143,042 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities analysts have recently commented 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. Piper Sandler raised their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Citigroup reiterated an "outperform" rating on shares of Hercules Capital in a research report on Monday. UBS Group raised their price objective 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. Finally, JMP Securities lifted their price objective on Hercules Capital from $22.00 to $24.00 and gave the stock a "market outperform" rating in a research note on Monday. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, Hercules Capital currently has a consensus rating of "Moderate Buy" and an average price target of $20.58.

Hercules Capital Stock Up 0.5%

HTGC stock traded up $0.11 during midday trading on Friday, reaching $19.43. 753,737 shares of the company were exchanged, compared to its average volume of 1,207,194. The stock's 50-day simple moving average is $18.56 and its 200 day simple moving average is $18.81. The company has a market cap of $3.53 billion, a price-to-earnings ratio of 12.87 and a beta of 0.94. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a debt-to-equity ratio of 0.96, a quick ratio of 2.38 and a current ratio of 1.68.

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

Hercules Capital Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th will be paid a dividend of $0.47 per share. This is an increase from Hercules Capital's previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, August 12th. This represents a $1.88 annualized dividend and a dividend yield of 9.7%. Hercules Capital's dividend payout ratio (DPR) is currently 105.96%.

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.