Hercules Capital, Inc. (HTGC) Shares Sold by Trillium Asset Management LLC
Trillium Asset Management LLC reduced its stake in Hercules Capital, Inc. (NYSE:HTGC) by 4.7% during the second quarter, Holdings Channel reports. The firm owned 196,681 shares of the financial services provider’s stock after selling 9,757 shares during the period. Trillium Asset Management LLC’s holdings in Hercules Capital were worth $2,604,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. Global X Management Co. LLC increased its stake in shares of Hercules Capital by 50.0% in the first quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock valued at $139,000 after buying an additional 3,067 shares in the last quarter. United Capital Financial Advisers LLC purchased a new stake in shares of Hercules Capital during the first quarter valued at approximately $157,000. Eagle Global Advisors LLC purchased a new stake in shares of Hercules Capital during the second quarter valued at approximately $154,000. HighTower Advisors LLC increased its stake in shares of Hercules Capital by 0.6% in the first quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock valued at $183,000 after buying an additional 72 shares in the last quarter. Finally, Envestnet Asset Management Inc. increased its stake in shares of Hercules Capital by 234.7% in the first quarter. Envestnet Asset Management Inc. now owns 12,400 shares of the financial services provider’s stock valued at $188,000 after buying an additional 8,695 shares in the last quarter. 46.15% of the stock is owned by hedge funds and other institutional investors.
Hercules Capital, Inc. (NYSE:HTGC) opened at 12.81 on Wednesday. Hercules Capital, Inc. has a 1-year low of $12.29 and a 1-year high of $15.68. The firm’s 50-day moving average price is $13.25 and its 200-day moving average price is $14.04. The firm has a market cap of $1.06 billion, a P/E ratio of 14.19 and a beta of 0.82.
Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The business 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 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Hercules Capital, Inc. will post $1.18 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 14th will be paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 9.68%. The ex-dividend date is Thursday, August 10th. Hercules Capital’s dividend payout ratio is 134.78%.
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Several brokerages have recently commented on HTGC. Keefe, Bruyette & Woods restated an “outperform” rating and issued a $17.00 target price on shares of Hercules Capital in a research note on Thursday, April 20th. Zacks Investment Research downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research note on Friday, May 5th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 target price on shares of Hercules Capital in a research note on Friday, July 14th. Raymond James Financial, Inc. restated an “underperform” rating on shares of Hercules Capital in a research note on Friday, August 4th. Finally, Wunderlich restated a “hold” rating on shares of Hercules Capital in a research note on Tuesday, May 16th. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and six have assigned a buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $15.21.
About Hercules Capital
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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