Granite Investment Partners LLC Has $8.49 Million Stake in Hercules Capital, Inc. (HTGC)
Granite Investment Partners LLC increased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 2.9% during the second quarter, Holdings Channel reports. The fund owned 641,061 shares of the financial services provider’s stock after buying an additional 17,942 shares during the period. Granite Investment Partners LLC’s holdings in Hercules Capital were worth $8,487,000 as of its most recent SEC filing.
A number of other large investors also recently modified their holdings of the company. Trillium Asset Management LLC boosted its position in Hercules Capital by 48.4% in the first quarter. Trillium Asset Management LLC now owns 206,438 shares of the financial services provider’s stock worth $3,123,000 after buying an additional 67,364 shares in the last quarter. Nwam LLC acquired a new position in Hercules Capital during the first quarter worth approximately $284,000. LSV Asset Management boosted its position in Hercules Capital by 14.8% in the first quarter. LSV Asset Management now owns 1,129,565 shares of the financial services provider’s stock worth $17,090,000 after buying an additional 145,289 shares in the last quarter. Willingdon Wealth Management boosted its position in Hercules Capital by 17.8% in the first quarter. Willingdon Wealth Management now owns 211,831 shares of the financial services provider’s stock worth $3,205,000 after buying an additional 32,022 shares in the last quarter. Finally, Geneva Advisors LLC boosted its position in Hercules Capital by 96.7% in the first quarter. Geneva Advisors LLC now owns 111,232 shares of the financial services provider’s stock worth $1,683,000 after buying an additional 54,674 shares in the last quarter. 44.25% of the stock is currently owned by institutional investors.
Shares of Hercules Capital, Inc. (HTGC) opened at 12.75 on Friday. The company has a 50 day moving average price of $13.29 and a 200-day moving average price of $14.08. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 14.12 and a beta of 0.82. Hercules Capital, Inc. has a one year low of $12.29 and a one year high of $15.68.
Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The firm had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. During the same quarter last year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities analysts predict that Hercules Capital, Inc. will post $1.18 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Thursday, August 10th. This represents a $1.24 annualized dividend and a yield of 9.73%. Hercules Capital’s dividend payout ratio (DPR) is presently 134.78%.
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A number of research analysts have recently commented on the company. BidaskClub cut Hercules Capital from a “buy” rating to a “hold” rating in a research note on Sunday, July 30th. Jefferies Group LLC reaffirmed a “buy” rating and set a $16.00 target price on shares of Hercules Capital in a research note on Friday, July 14th. Wunderlich cut Hercules Capital from a “buy” rating to a “hold” rating and cut their target price for the company from $16.00 to $13.00 in a research note on Monday, May 8th. JMP Securities reaffirmed a “mkt outperform” rating and set a $14.50 target price on shares of Hercules Capital in a research note on Monday. Finally, Zacks Investment Research cut Hercules Capital from a “hold” rating to a “sell” rating in a research note on Monday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and six have given a buy rating to the stock. Hercules Capital presently has an average rating of “Hold” and an average price target of $15.21.
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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