Hercules Capital, Inc. $HTGC Shares Sold by Kestra Private Wealth Services LLC

Kestra Private Wealth Services LLC lowered its position in Hercules Capital, Inc. (NYSE:HTGC) by 86.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 13,034 shares of the financial services provider’s stock after selling 84,701 shares during the quarter. Kestra Private Wealth Services LLC’s holdings in Hercules Capital were worth $193,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently made changes to their positions in HTGC. Marshall Wace LLP acquired a new position in shares of Hercules Capital during the third quarter worth approximately $11,199,000. Qube Research & Technologies Ltd boosted its position in Hercules Capital by 425.6% during the 2nd quarter. Qube Research & Technologies Ltd now owns 580,414 shares of the financial services provider’s stock worth $10,610,000 after acquiring an additional 469,989 shares during the period. UBS Group AG grew its stake in shares of Hercules Capital by 26.8% in the fourth quarter. UBS Group AG now owns 1,671,860 shares of the financial services provider’s stock worth $31,464,000 after purchasing an additional 353,092 shares in the last quarter. Muzinich & Co. Inc. increased its holdings in shares of Hercules Capital by 34.5% during the fourth quarter. Muzinich & Co. Inc. now owns 1,335,787 shares of the financial services provider’s stock valued at $25,140,000 after purchasing an additional 342,967 shares during the period. Finally, HRT Financial LP raised its stake in shares of Hercules Capital by 100.9% during the second quarter. HRT Financial LP now owns 558,010 shares of the financial services provider’s stock valued at $10,200,000 after purchasing an additional 280,198 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Price Performance

Shares of NYSE HTGC traded up $0.06 during trading on Tuesday, hitting $16.11. The company had a trading volume of 72,300 shares, compared to its average volume of 2,155,668. Hercules Capital, Inc. has a 52 week low of $13.70 and a 52 week high of $19.67. The business’s 50-day moving average is $15.63 and its 200 day moving average is $16.17. The company has a market cap of $3.01 billion, a P/E ratio of 9.11 and a beta of 0.79. The company has a debt-to-equity ratio of 1.14, a quick ratio of 1.89 and a current ratio of 1.89.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.01. Hercules Capital had a return on equity of 16.05% and a net margin of 59.85%.The business had revenue of $134.94 million for the quarter, compared to analysts’ expectations of $141.39 million. During the same period in the previous year, the firm posted $0.45 EPS. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Equities research analysts predict that Hercules Capital, Inc. will post 1.93 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.7%. The ex-dividend date was Thursday, May 14th. Hercules Capital’s dividend payout ratio (DPR) is presently 90.40%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HTGC shares. Piper Sandler increased their target price on shares of Hercules Capital from $16.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. UBS Group increased their price objective on shares of Hercules Capital from $15.00 to $15.50 and gave the company a “neutral” rating in a report on Monday, May 18th. Weiss Ratings reiterated a “hold (c)” rating on shares of Hercules Capital in a research note on Wednesday, June 17th. Keefe, Bruyette & Woods cut their target price on Hercules Capital from $19.00 to $18.00 and set an “outperform” rating for the company in a research report on Thursday, April 16th. Finally, Citizens Jmp decreased their price target on Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. One analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $18.21.

Hercules Capital Profile

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.