Kestra Private Wealth Services LLC Has $193,000 Position in Hercules Capital, Inc. $HTGC

Kestra Private Wealth Services LLC lowered its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 86.7% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,034 shares of the financial services provider's stock after selling 84,701 shares during the quarter. Kestra Private Wealth Services LLC's holdings in Hercules Capital were worth $193,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in HTGC. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Hercules Capital in the fourth quarter valued at approximately $27,000. Cornerstone Planning Group LLC acquired a new position in shares of Hercules Capital in the fourth quarter valued at approximately $29,000. Northwestern Mutual Wealth Management Co. increased its stake in shares of Hercules Capital by 113.1% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the financial services provider's stock valued at $35,000 after buying an additional 1,000 shares during the period. Summit Securities Group LLC increased its stake in shares of Hercules Capital by 233.3% in the fourth quarter. Summit Securities Group LLC now owns 2,000 shares of the financial services provider's stock valued at $38,000 after buying an additional 1,400 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. acquired a new position in shares of Hercules Capital in the fourth quarter valued at approximately $53,000. Institutional investors and hedge funds own 19.69% of the company's stock.

Hercules Capital Stock Up 1.9%

NYSE:HTGC traded up $0.31 during trading hours on Friday, hitting $16.00. 1,168,767 shares of the company traded hands, compared to its average volume of 2,152,618. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.14. The firm's 50-day simple moving average is $15.65 and its 200-day simple moving average is $16.12. Hercules Capital, Inc. has a one year low of $13.70 and a one year high of $19.67. The company has a market cap of $2.99 billion, a PE ratio of 9.04 and a beta of 0.79.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Hercules Capital had a return on equity of 16.05% and a net margin of 59.85%.The business had revenue of $134.94 million for the quarter, compared to analysts' expectations of $141.39 million. During the same period last year, the business earned $0.45 EPS. The business's revenue was up 18.4% on a year-over-year basis. Equities analysts predict that Hercules Capital, Inc. will post 1.93 earnings per share for the current year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were paid a dividend of $0.07 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.28 annualized dividend and a yield of 1.8%. Hercules Capital's dividend payout ratio (DPR) is 90.40%.

Analysts Set New Price Targets

Several research firms have recently issued reports on HTGC. UBS Group upped their price objective on Hercules Capital from $15.00 to $15.50 and gave the company a "neutral" rating in a research note on Monday, May 18th. Piper Sandler increased their target price on shares of Hercules Capital from $16.50 to $17.00 and gave the company a "neutral" rating in a research report on Wednesday, May 6th. Citizens Jmp decreased their target price on shares of Hercules Capital from $24.00 to $22.00 and set a "market outperform" rating for the company in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods decreased their target price on shares of Hercules Capital from $19.00 to $18.00 and set an "outperform" rating for the company in a research report on Thursday, April 16th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of Hercules Capital in a research report on Wednesday, June 17th. One equities research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $18.21.

Hercules Capital Company Profile

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company's investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.