Invesco Ltd. Raises Stake in Hercules Capital, Inc. (NYSE:HTGC)

Invesco Ltd. lifted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 16.2% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 912,512 shares of the financial services provider’s stock after buying an additional 127,337 shares during the quarter. Invesco Ltd.’s holdings in Hercules Capital were worth $15,567,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of HTGC. 1832 Asset Management L.P. grew its holdings in shares of Hercules Capital by 2,194.1% during the second quarter. 1832 Asset Management L.P. now owns 422,108 shares of the financial services provider’s stock worth $7,210,000 after buying an additional 403,708 shares in the last quarter. First Trust Advisors LP purchased a new stake in shares of Hercules Capital during the second quarter worth about $5,972,000. Van ECK Associates Corp grew its holdings in shares of Hercules Capital by 16.8% during the second quarter. Van ECK Associates Corp now owns 1,370,718 shares of the financial services provider’s stock worth $23,384,000 after buying an additional 196,915 shares in the last quarter. Blair William & Co. IL purchased a new stake in shares of Hercules Capital during the second quarter worth about $2,456,000. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in shares of Hercules Capital during the second quarter worth about $2,039,000. Institutional investors and hedge funds own 26.91% of the company’s stock.

Shares of HTGC stock opened at $16.69 on Thursday. The stock has a market cap of $1.93 billion, a price-to-earnings ratio of 6.16, a price-to-earnings-growth ratio of 0.52 and a beta of 1.51. The company has a quick ratio of 7.20, a current ratio of 7.20 and a debt-to-equity ratio of 1.05. Hercules Capital, Inc. has a fifty-two week low of $13.26 and a fifty-two week high of $18.20. The firm’s 50 day moving average price is $17.14 and its two-hundred day moving average price is $17.10.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, October 28th. The financial services provider reported $0.33 earnings per share for the quarter, beating analysts’ consensus estimates of $0.32 by $0.01. The firm had revenue of $70.19 million for the quarter, compared to analysts’ expectations of $71.13 million. Hercules Capital had a net margin of 113.31% and a return on equity of 11.45%. Hercules Capital’s revenue was down .2% compared to the same quarter last year. During the same period in the previous year, the company posted $0.34 earnings per share. On average, equities analysts forecast that Hercules Capital, Inc. will post 1.28 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 17th. Stockholders of record on Wednesday, November 10th were given a dividend of $0.33 per share. This is a boost from Hercules Capital’s previous quarterly dividend of $0.32. This represents a $1.32 dividend on an annualized basis and a dividend yield of 7.91%. The ex-dividend date was Tuesday, November 9th. Hercules Capital’s payout ratio is presently 48.71%.

A number of research firms recently issued reports on HTGC. Compass Point restated a “buy” rating and issued a $18.50 target price on shares of Hercules Capital in a report on Monday, November 1st. Royal Bank of Canada restated an “outperform” rating and issued a $19.00 target price on shares of Hercules Capital in a report on Monday, November 1st. Wedbush restated an “outperform” rating and issued a $18.75 target price on shares of Hercules Capital in a report on Monday, November 1st. Finally, Oppenheimer restated an “outperform” rating and issued a $18.00 target price on shares of Hercules Capital in a report on Monday, November 1st. One equities research analyst has rated the stock with a sell rating and six have issued a buy rating to the company’s stock. According to MarketBeat, Hercules Capital presently has an average rating of “Buy” and an average price target of $18.11.

About Hercules Capital

Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company’s existing capital structure and map to its business objectives.

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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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