Atria Wealth Solutions Inc. Has $4.58 Million Stake in Hercules Capital, Inc. (NYSE:HTGC)

Key Points

• Atria Wealth Solutions Inc. sold 15,022 shares of Hercules Capital, reducing its position by 5.9%, leaving it with about 0.14% ownership valued at approximately $4.58 million.
• Hercules Capital reported an earnings per share (EPS) of $0.50, which surpassed analysts' expectations and marked a 10% year-over-year revenue increase to $137.46 million.
• The company recently declared an increased quarterly dividend of $0.47 per share, up from $0.40, resulting in a 9.7% dividend yield.

Atria Wealth Solutions Inc. lowered its stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 5.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 238,406 shares of the financial services provider's stock after selling 15,022 shares during the quarter. Atria Wealth Solutions Inc. owned approximately 0.14% of Hercules Capital worth $4,580,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Sound Income Strategies LLC grew its stake 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 purchasing an additional 59,241 shares during the period. Two Sigma Advisers LP grew its stake in shares of Hercules Capital by 205.7% in the fourth quarter. Two Sigma Advisers LP now owns 1,406,900 shares of the financial services provider's stock worth $28,265,000 after acquiring an additional 946,700 shares during the last quarter. LPL Financial LLC grew its stake in shares of Hercules Capital by 14.5% in the first quarter. LPL Financial LLC now owns 1,130,362 shares of the financial services provider's stock worth $21,714,000 after acquiring an additional 143,042 shares during the last quarter. Advisors Capital Management LLC grew its stake in shares of Hercules Capital by 6.6% in the fourth quarter. Advisors Capital Management LLC now owns 1,018,210 shares of the financial services provider's stock worth $20,456,000 after acquiring an additional 62,610 shares during the last quarter. Finally, Two Sigma Investments LP grew its stake in shares of Hercules Capital by 106.7% in the fourth quarter. Two Sigma Investments LP now owns 945,849 shares of the financial services provider's stock worth $19,002,000 after acquiring an additional 488,172 shares during the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on HTGC. Citigroup reaffirmed an "outperform" rating on shares of Hercules Capital in a research note on Monday, August 4th. UBS Group lifted 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. JMP Securities boosted their price objective on 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 lowered their target price on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, Piper Sandler upped their target price on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Friday, August 1st. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $20.58.

Hercules Capital Price Performance

Hercules Capital stock traded up $0.17 during mid-day trading on Tuesday, hitting $19.13. 640,220 shares of the company were exchanged, compared to its average volume of 1,211,525. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 1.68. The business's 50 day simple moving average is $18.63 and its two-hundred day simple moving average is $18.76. The company has a market capitalization of $3.47 billion, a P/E ratio of 12.67 and a beta of 0.94. Hercules Capital, Inc. has a 12-month low of $15.65 and a 12-month high of $22.04.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings data on Thursday, July 31st. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.47 by $0.03. The company had revenue of $137.46 million during 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 firm's revenue for the quarter was up 10.0% compared to the same quarter last year. During the same period last year, the business earned $0.51 EPS. Analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Increases Dividend

The company also recently disclosed 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 represents a $1.88 dividend on an annualized basis and a yield of 9.8%. The ex-dividend date is Tuesday, August 12th. This is a positive change from Hercules Capital's previous quarterly dividend of $0.40. Hercules Capital's dividend payout ratio is 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.