Hercules Capital, Inc. (HTGC) Stake Lessened by Silver Capital Management LLC
Silver Capital Management LLC decreased its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 27.4% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 35,699 shares of the financial services provider’s stock after selling 13,474 shares during the quarter. Silver Capital Management LLC’s holdings in Hercules Capital were worth $462,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds have also made changes to their positions in the company. Marshall Wace North America L.P. purchased a new position in Hercules Capital during the second quarter valued at $916,000. BB&T Securities LLC lifted its position in Hercules Capital by 284.2% during the second quarter. BB&T Securities LLC now owns 55,940 shares of the financial services provider’s stock valued at $740,000 after buying an additional 41,379 shares during the period. Ares Management LLC lifted its position in Hercules Capital by 654.8% during the second quarter. Ares Management LLC now owns 764,189 shares of the financial services provider’s stock valued at $10,117,000 after buying an additional 662,950 shares during the period. Homrich & Berg lifted its position in Hercules Capital by 2.3% during the second quarter. Homrich & Berg now owns 72,599 shares of the financial services provider’s stock valued at $961,000 after buying an additional 1,632 shares during the period. Finally, GSA Capital Partners LLP purchased a new position in shares of Hercules Capital in the 2nd quarter worth about $349,000. 42.04% of the stock is owned by institutional investors.
Hercules Capital, Inc. (NYSE:HTGC) traded down $0.35 during trading on Monday, hitting $13.47. The company’s stock had a trading volume of 723,800 shares, compared to its average volume of 504,537. The company has a market cap of $1,130.00, a P/E ratio of 10.28, a P/E/G ratio of 2.32 and a beta of 0.84. Hercules Capital, Inc. has a 1-year low of $11.64 and a 1-year high of $15.68. The company has a current ratio of 8.34, a quick ratio of 8.34 and a debt-to-equity ratio of 0.87.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.29. Hercules Capital had a return on equity of 15.96% and a net margin of 72.11%. The firm had revenue of $45.90 million for the quarter, compared to analysts’ expectations of $46.22 million. During the same period in the previous year, the firm earned $0.32 EPS. The business’s quarterly revenue was up 1.8% on a year-over-year basis. equities research analysts forecast that Hercules Capital, Inc. will post 1.16 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, November 20th. Investors of record on Monday, November 13th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, November 10th. This represents a $1.24 dividend on an annualized basis and a yield of 9.21%. Hercules Capital’s dividend payout ratio is presently 136.26%.
Several equities analysts have recently issued reports on HTGC shares. BidaskClub lowered Hercules Capital from a “hold” rating to a “sell” rating in a research report on Tuesday, September 12th. Compass Point raised Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research report on Friday, September 8th. Wedbush started coverage on Hercules Capital in a research report on Tuesday, October 24th. They issued a “neutral” rating and a $13.25 price target for the company. Jefferies Group LLC reaffirmed a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research report on Wednesday, August 16th. Finally, Raymond James Financial, Inc. reaffirmed an “underperform” rating on shares of Hercules Capital in a research report on Friday, August 4th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. The stock has an average rating of “Hold” and an average price target of $14.34.
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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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