PFG Investments LLC Grows Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

PFG Investments LLC boosted its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 641.2% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 109,511 shares of the financial services provider's stock after acquiring an additional 94,736 shares during the period. PFG Investments LLC owned about 0.07% of Hercules Capital worth $2,020,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of HTGC. NBC Securities Inc. boosted its holdings in shares of Hercules Capital by 154.8% in the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider's stock valued at $48,000 after purchasing an additional 1,594 shares during the last quarter. Principal Securities Inc. acquired a new position in shares of Hercules Capital in the 4th quarter valued at $53,000. Signaturefd LLC boosted its holdings in shares of Hercules Capital by 30.4% in the 4th quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider's stock valued at $56,000 after purchasing an additional 789 shares during the last quarter. Cape Investment Advisory Inc. acquired a new position in shares of Hercules Capital in the 4th quarter valued at $56,000. Finally, Nomura Asset Management Co. Ltd. boosted its holdings in shares of Hercules Capital by 133.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 3,786 shares of the financial services provider's stock valued at $62,000 after purchasing an additional 2,164 shares during the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Stock Performance

Hercules Capital stock traded up $0.12 during midday trading on Friday, reaching $19.07. 830,046 shares of the stock traded hands, compared to its average volume of 685,190. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. The firm has a fifty day moving average price of $18.34 and a two-hundred day moving average price of $17.07. The firm has a market cap of $3.09 billion, a price-to-earnings ratio of 8.26 and a beta of 1.34. Hercules Capital, Inc. has a fifty-two week low of $12.40 and a fifty-two week high of $19.26.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. The firm had revenue of $122.60 million during the quarter, compared to analyst estimates of $117.48 million. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. Hercules Capital's revenue was up 22.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.47 EPS. On average, equities research analysts forecast that Hercules Capital, Inc. will post 2.05 earnings per share for the current year.

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 28th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.07%. The ex-dividend date of this dividend was Tuesday, February 27th. Hercules Capital's dividend payout ratio is currently 69.26%.

Analyst Ratings Changes

HTGC has been the topic of several recent research reports. Keefe, Bruyette & Woods lifted their target price on shares of Hercules Capital from $17.00 to $18.00 and gave the company a "market perform" rating in a report on Friday, February 16th. Compass Point lowered shares of Hercules Capital from a "buy" rating to a "neutral" rating and lifted their target price for the company from $17.00 to $17.50 in a report on Tuesday, January 16th. JMP Securities lifted their target price on shares of Hercules Capital from $18.00 to $19.00 and gave the company a "market outperform" rating in a report on Tuesday, March 26th. Piper Sandler lifted their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Wednesday, April 10th. Finally, Wells Fargo & Company boosted their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, January 29th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $18.00.

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.

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