Truvestments Capital LLC Has $4.06 Million Stock Holdings in Hercules Capital, Inc. $HTGC

Key Points

• Truvestments Capital LLC increased its stake in Hercules Capital, Inc. by 46.6% in the first quarter, owning approximately 211,318 shares worth about $4,059,000 by the end of the period.
• Hercules Capital reported $0.50 earnings per share for the last quarter, surpassing expectations and showing a 10% increase in revenue compared to the previous year.
• The company recently boosted its quarterly dividend from $0.40 to $0.47 per share, representing an annual yield of 9.7%.

Truvestments Capital LLC lifted its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 46.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 211,318 shares of the financial services provider's stock after purchasing an additional 67,214 shares during the period. Truvestments Capital LLC owned 0.12% of Hercules Capital worth $4,059,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in HTGC. Ameriflex Group Inc. bought a new position in shares of Hercules Capital in the fourth quarter worth about $29,000. N.E.W. Advisory Services LLC bought a new position in Hercules Capital during the first quarter valued at about $30,000. Bessemer Group Inc. bought a new position in Hercules Capital during the first quarter valued at about $38,000. Quarry LP bought a new position in Hercules Capital during the fourth quarter valued at about $48,000. Finally, Northwestern Mutual Wealth Management Co. increased its stake in Hercules Capital by 51.8% during the first quarter. Northwestern Mutual Wealth Management Co. now owns 2,629 shares of the financial services provider's stock valued at $51,000 after acquiring an additional 897 shares during the period. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Price Performance

Shares of HTGC traded up $0.11 on Friday, hitting $19.54. The company's stock had a trading volume of 662,575 shares, compared to its average volume of 1,085,992. The company has a market capitalization of $3.55 billion, a PE ratio of 12.94 and a beta of 0.94. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 1.68. 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 50 day moving average price of $19.00 and a 200 day moving average price of $18.62.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its earnings results 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 the consensus estimate of $129.47 million. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.Hercules Capital's revenue was up 10.0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.51 EPS. On average, research analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 9.6%. The ex-dividend date of this dividend was Tuesday, August 12th. This is an increase from Hercules Capital's previous quarterly dividend of $0.40. Hercules Capital's dividend payout ratio (DPR) is presently 105.96%.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on HTGC shares. JMP Securities boosted their price target on Hercules Capital from $22.00 to $24.00 and gave the company a "market outperform" rating in a research note on Monday, August 4th. UBS Group boosted their price target on Hercules Capital from $18.50 to $19.00 and gave the company a "neutral" rating in a research note on Wednesday, July 16th. Citigroup restated an "outperform" rating on shares of Hercules Capital in a research note on Monday, August 4th. Finally, Piper Sandler upped their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a research note on Friday, August 1st. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, Hercules Capital currently has an average rating of "Moderate Buy" and an average price target of $20.58.

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.