Hercules Capital, Inc. $HTGC Stock Holdings Boosted by Melia Wealth LLC

Key Points

• Melia Wealth LLC increased its holdings in Hercules Capital, Inc. by 4.1%, bringing its total to 793,586 shares, making it the firm’s 8th largest position.
• Hercules Capital reported a quarterly earnings per share (EPS) of $0.50, exceeding analysts' expectations, and its revenue was up 10% year-over-year, totaling $137.46 million.
• The company's dividend has increased to $0.47 per share, up from the previous $0.40, reflecting an annualized yield of 11.0% and a payout ratio of 105.96%.

Melia Wealth LLC boosted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 4.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 793,586 shares of the financial services provider's stock after purchasing an additional 31,074 shares during the quarter. Hercules Capital makes up 6.9% of Melia Wealth LLC's holdings, making the stock its 8th largest position. Melia Wealth LLC owned about 0.45% of Hercules Capital worth $14,507,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the business. Dakota Wealth Management boosted its position in Hercules Capital by 1.6% during the second quarter. Dakota Wealth Management now owns 37,985 shares of the financial services provider's stock worth $694,000 after purchasing an additional 600 shares in the last quarter. CWM LLC lifted its position in shares of Hercules Capital by 79.6% in the second quarter. CWM LLC now owns 1,381 shares of the financial services provider's stock valued at $25,000 after acquiring an additional 612 shares in the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in shares of Hercules Capital by 2.0% in the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider's stock valued at $631,000 after acquiring an additional 628 shares in the last quarter. Graypoint LLC lifted its position in shares of Hercules Capital by 0.4% in the first quarter. Graypoint LLC now owns 165,597 shares of the financial services provider's stock valued at $3,181,000 after acquiring an additional 694 shares in the last quarter. Finally, MAS Advisors LLC lifted its position in shares of Hercules Capital by 3.6% in the second quarter. MAS Advisors LLC now owns 20,992 shares of the financial services provider's stock valued at $384,000 after acquiring an additional 728 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company's stock.

Hercules Capital Stock Performance

Shares of Hercules Capital stock opened at $17.12 on Tuesday. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The company has a market cap of $3.11 billion, a price-to-earnings ratio of 11.33 and a beta of 0.96. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.68 and a current ratio of 1.68. The business's 50 day moving average price is $19.01 and its 200 day moving average price is $18.39.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.50 EPS for the quarter, topping 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 the consensus estimate of $129.47 million. During the same quarter last year, the business posted $0.51 earnings per share. The firm's revenue was up 10.0% compared to the same quarter last year. On average, research analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current 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 paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 11.0%. This is a positive change from Hercules Capital's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Tuesday, August 12th. Hercules Capital's payout ratio is 105.96%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. Weiss Ratings restated a "buy (b)" rating on shares of Hercules Capital in a research report on Wednesday, October 8th. Citigroup restated an "outperform" rating on shares of Hercules Capital in a research report on Monday, August 4th. JMP Securities raised their target price on Hercules Capital from $22.00 to $24.00 and gave the company a "market outperform" rating in a research report on Monday, August 4th. Piper Sandler decreased their target price on Hercules Capital from $21.00 to $20.50 and set an "overweight" rating on the stock in a research report on Thursday. Finally, UBS Group raised their target price on Hercules Capital from $18.50 to $19.00 and gave the company a "neutral" rating in a research report on Wednesday, July 16th. Six analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $20.50.

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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