Hercules Capital, Inc. (HTGC) Shares Sold by Comerica Bank
Comerica Bank reduced its position in Hercules Capital, Inc. (NYSE:HTGC) by 17.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,602 shares of the financial services provider’s stock after selling 3,755 shares during the period. Comerica Bank’s holdings in Hercules Capital were worth $221,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently modified their holdings of HTGC. Advisor Group Inc. raised its position in Hercules Capital by 55.4% in the 3rd quarter. Advisor Group Inc. now owns 128,619 shares of the financial services provider’s stock valued at $1,659,000 after buying an additional 45,835 shares during the last quarter. Sei Investments Co. raised its position in Hercules Capital by 43.7% in the 3rd quarter. Sei Investments Co. now owns 27,501 shares of the financial services provider’s stock valued at $354,000 after buying an additional 8,363 shares during the last quarter. Global X MANAGEMENT CO LLC raised its position in Hercules Capital by 58.1% in the 3rd quarter. Global X MANAGEMENT CO LLC now owns 14,538 shares of the financial services provider’s stock valued at $188,000 after buying an additional 5,342 shares during the last quarter. Telemus Capital LLC purchased a new stake in Hercules Capital in the 3rd quarter valued at $194,000. Finally, Principal Financial Group Inc. raised its position in Hercules Capital by 2.1% in the 3rd quarter. Principal Financial Group Inc. now owns 3,019,307 shares of the financial services provider’s stock valued at $38,948,000 after buying an additional 61,716 shares during the last quarter. Institutional investors own 38.97% of the company’s stock.
Several research firms have recently weighed in on HTGC. B. Riley reiterated a “buy” rating on shares of Hercules Capital in a research note on Friday, November 3rd. Keefe, Bruyette & Woods reissued a “buy” rating and set a $15.00 price objective on shares of Hercules Capital in a report on Tuesday, October 24th. BidaskClub cut Hercules Capital from a “buy” rating to a “hold” rating in a report on Thursday, August 31st. Raymond James Financial raised Hercules Capital from an “underperform” rating to a “market perform” rating in a research note on Friday, November 3rd. Finally, ValuEngine cut Hercules Capital from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have issued a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $14.36.
Hercules Capital, Inc. (HTGC) traded up $0.01 during mid-day trading on Thursday, hitting $13.11. The stock had a trading volume of 429,700 shares, compared to its average volume of 488,772. Hercules Capital, Inc. has a 52-week low of $11.64 and a 52-week high of $15.68. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.87. The stock has a market capitalization of $1,102.53, a PE ratio of 10.00, a P/E/G ratio of 2.25 and a beta of 0.87.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Hercules Capital had a return on equity of 12.93% and a net margin of 39.73%. The firm had revenue of $45.90 million during the quarter, compared to analysts’ expectations of $46.22 million. During the same quarter in the previous year, the business earned $0.32 earnings per share. The company’s revenue was up 1.8% on a year-over-year basis. analysts expect that Hercules Capital, Inc. will post 1.16 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, November 20th. Stockholders of record on Monday, November 13th were paid a $0.31 dividend. This represents a $1.24 annualized dividend and a dividend yield of 9.46%. The ex-dividend date of this dividend was Friday, November 10th. Hercules Capital’s dividend payout ratio is currently 136.26%.
Hercules Capital 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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