OMERS ADMINISTRATION Corp Purchases New Stake in Hercules Capital, Inc. $HTGC

Key Points

• OMERS ADMINISTRATION Corp has acquired 56,700 shares of Hercules Capital, Inc. for approximately $1,089,000, indicating growing institutional interest in the company.
• The company recently announced a dividend increase from $0.40 to $0.47 per share, reflecting a strong annualized yield of 9.6%.
• Hercules Capital reported an EPS of $0.50 for the last quarter, exceeding estimates and driving a 10% year-over-year revenue growth.

OMERS ADMINISTRATION Corp purchased a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 56,700 shares of the financial services provider's stock, valued at approximately $1,089,000.

Several other institutional investors have also recently added to or reduced their stakes in the company. Barclays PLC bought a new position in shares of Hercules Capital in the fourth quarter worth about $1,427,000. Integrated Wealth Concepts LLC acquired a new position in Hercules Capital during the fourth quarter valued at approximately $327,000. Northern Trust Corp lifted its stake in Hercules Capital by 14.6% in the fourth quarter. Northern Trust Corp now owns 109,136 shares of the financial services provider's stock valued at $2,193,000 after buying an additional 13,930 shares in the last quarter. AXA S.A. bought a new position in Hercules Capital in the fourth quarter valued at approximately $239,000. Finally, Ameriprise Financial Inc. lifted its stake in Hercules Capital by 9.7% in the fourth quarter. Ameriprise Financial Inc. now owns 325,912 shares of the financial services provider's stock valued at $6,548,000 after buying an additional 28,812 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

Hercules Capital Trading Up 0.3%

NYSE:HTGC traded up $0.06 on Thursday, reaching $19.36. 541,559 shares of the stock traded hands, compared to its average volume of 1,181,797. The firm has a market capitalization of $3.52 billion, a price-to-earnings ratio of 12.82 and a beta of 0.95. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.96. The company's 50 day moving average is $19.08 and its 200-day moving average is $18.60.

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 the consensus estimate of $0.47 by $0.03. The company had revenue of $137.46 million during the quarter, compared to the consensus estimate of $129.47 million. Hercules Capital had a net margin of 51.46% and a return on equity of 16.54%. The company's quarterly revenue was up 10.0% on a year-over-year basis. During the same quarter last year, the firm posted $0.51 EPS. Equities research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were given a dividend of $0.47 per share. 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. This represents a $1.88 annualized dividend and a dividend yield of 9.7%. Hercules Capital's payout ratio is 105.96%.

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.