Tectonic Advisors LLC Has $11.36 Million Holdings in Hercules Capital, Inc. $HTGC

Key Points

• Tectonic Advisors LLC has increased its stake in Hercules Capital, Inc. by 16.9%, owning 621,562 shares worth approximately $11.36 million as of the latest quarter.
• Several hedge funds have also made significant investments in Hercules Capital, contributing to institutional investors and hedge funds owning 19.69% of the stock collectively.
• Hercules Capital recently increased its quarterly dividend to $0.47, marking a positive change from the previous dividend of $0.40, representing a 10.6% yield.

Tectonic Advisors LLC grew its stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 16.9% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 621,562 shares of the financial services provider's stock after acquiring an additional 89,770 shares during the period. Tectonic Advisors LLC owned 0.35% of Hercules Capital worth $11,362,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Kingstone Capital Partners Texas LLC acquired a new stake in Hercules Capital during the second quarter worth approximately $522,447,000. Sound Income Strategies LLC increased its holdings in shares of Hercules Capital by 1.9% during the second quarter. Sound Income Strategies LLC now owns 2,930,340 shares of the financial services provider's stock worth $53,567,000 after purchasing an additional 55,885 shares during the period. LPL Financial LLC increased its holdings in shares of Hercules Capital by 14.5% during the first quarter. LPL Financial LLC now owns 1,130,362 shares of the financial services provider's stock worth $21,714,000 after purchasing an additional 143,042 shares during the period. Royal Bank of Canada increased its holdings in shares of Hercules Capital by 2.0% during the first quarter. Royal Bank of Canada now owns 804,077 shares of the financial services provider's stock worth $15,446,000 after purchasing an additional 15,724 shares during the period. Finally, Melia Wealth LLC increased its holdings in shares of Hercules Capital by 0.3% during the first quarter. Melia Wealth LLC now owns 762,512 shares of the financial services provider's stock worth $14,648,000 after purchasing an additional 2,153 shares during the period. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on HTGC. Piper Sandler lifted their price objective 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. JMP Securities lifted their price objective on shares of Hercules Capital from $22.00 to $24.00 and gave the company a "market outperform" rating in a research note on Monday, August 4th. Weiss Ratings reissued a "buy (b)" rating on shares of Hercules Capital in a research note on Wednesday. UBS Group lifted their price objective 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. Finally, Citigroup reissued an "outperform" rating on shares of Hercules Capital in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $20.58.

Hercules Capital Price Performance

Shares of NYSE:HTGC opened at $17.72 on Thursday. The firm has a market cap of $3.22 billion, a PE ratio of 11.74 and a beta of 0.96. The firm's fifty day moving average is $19.14 and its 200-day moving average is $18.45. The company has a debt-to-equity ratio of 0.96, a quick ratio of 1.68 and a current ratio of 1.68. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings results 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. The company had revenue of $137.46 million for 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%. Hercules Capital's revenue was up 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.51 earnings per share. Sell-side analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 19th. Investors of record on Tuesday, August 12th were issued a $0.47 dividend. The ex-dividend date was Tuesday, August 12th. This is a positive change from Hercules Capital's previous quarterly dividend of $0.40. This represents a $1.88 annualized dividend and a yield of 10.6%. Hercules Capital's dividend payout ratio (DPR) is presently 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.

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