Teachers Retirement System of The State of Kentucky Holds Stake in Hercules Capital Inc (HTGC)
Teachers Retirement System of The State of Kentucky maintained its position in Hercules Capital Inc (NYSE:HTGC) during the fourth quarter, Holdings Channel reports. The institutional investor owned 60,743 shares of the company’s stock at the end of the fourth quarter. Teachers Retirement System of The State of Kentucky owned approximately 0.08% of Hercules Capital worth $857,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northpointe Capital LLC increased its position in Hercules Capital by 26.7% in the third quarter. Northpointe Capital LLC now owns 1,433,525 shares of the company’s stock valued at $19,439,000 after buying an additional 302,399 shares during the period. State of New Jersey Common Pension Fund D acquired a new position in Hercules Capital during the third quarter valued at approximately $3,051,000. California Public Employees Retirement System increased its position in Hercules Capital by 191.3% in the third quarter. California Public Employees Retirement System now owns 30,300 shares of the company’s stock valued at $411,000 after buying an additional 19,900 shares during the period. Van ECK Associates Corp increased its position in Hercules Capital by 22.4% in the fourth quarter. Van ECK Associates Corp now owns 445,872 shares of the company’s stock valued at $6,291,000 after buying an additional 81,575 shares during the period. Finally, Gilman Hill Asset Management LLC increased its position in Hercules Capital by 3.0% in the third quarter. Gilman Hill Asset Management LLC now owns 372,285 shares of the company’s stock valued at $5,048,000 after buying an additional 10,941 shares during the period. 43.42% of the stock is owned by institutional investors.
Hercules Capital Inc (NYSE:HTGC) opened at 14.91 on Tuesday. The stock has a market cap of $1.23 billion, a PE ratio of 16.38 and a beta of 0.91. The company has a 50-day moving average of $14.77 and a 200-day moving average of $13.97. Hercules Capital Inc has a 12 month low of $11.21 and a 12 month high of $15.47.
Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, February 23rd. The company reported $0.43 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.32 by $0.11. Hercules Capital had a net margin of 41.18% and a return on equity of 11.69%. The firm earned $47.47 million during the quarter, compared to analyst estimates of $46.12 million. During the same quarter in the prior year, the business earned $0.29 earnings per share. Hercules Capital’s revenue for the quarter was up 20.5% on a year-over-year basis. On average, equities analysts forecast that Hercules Capital Inc will post $1.31 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Monday, March 13th. Investors of record on Monday, March 6th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Thursday, March 2nd. This represents a $1.24 dividend on an annualized basis and a dividend yield of 8.32%. Hercules Capital’s dividend payout ratio is 131.92%.
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Several analysts have issued reports on HTGC shares. Zacks Investment Research upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating and set a $16.00 target price on the stock in a research note on Wednesday, January 25th. Jefferies Group LLC restated a “buy” rating and set a $15.00 price objective on shares of Hercules Capital in a research report on Friday, December 23rd. Raymond James Financial, Inc. cut shares of Hercules Capital from an “outperform” rating to a “market perform” rating in a research report on Friday, February 24th. They noted that the move was a valuation call. Finally, FBR & Co raised their price objective on shares of Hercules Capital from $15.00 to $16.00 and gave the company an “outperform” rating in a research report on Friday, February 24th. Five equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Hercules Capital presently has an average rating of “Hold” and a consensus price target of $14.60.
Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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