Janney Montgomery Scott LLC Has $1.65 Million Holdings in Hercules Capital Inc (HTGC)
Janney Montgomery Scott LLC raised its position in Hercules Capital Inc (NYSE:HTGC) by 4.5% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 128,236 shares of the financial services provider’s stock after buying an additional 5,522 shares during the period. Janney Montgomery Scott LLC owned 0.15% of Hercules Capital worth $1,654,000 as of its most recent filing with the SEC.
A number of other large investors have also recently bought and sold shares of HTGC. JPMorgan Chase & Co. increased its stake in shares of Hercules Capital by 74.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock worth $116,000 after purchasing an additional 3,891 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Hercules Capital by 29.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 2,034 shares during the last quarter. Cetera Investment Advisers purchased a new stake in shares of Hercules Capital during the 2nd quarter worth approximately $138,000. Financial Counselors Inc. purchased a new stake in shares of Hercules Capital during the 2nd quarter worth approximately $154,000. Finally, HighTower Advisors LLC increased its stake in shares of Hercules Capital by 0.7% during the 2nd quarter. HighTower Advisors LLC now owns 12,174 shares of the financial services provider’s stock worth $162,000 after purchasing an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 38.79% of the company’s stock.
Several equities research analysts have recently issued reports on the stock. Ladenburg Thalmann Financial Services assumed coverage on shares of Hercules Capital in a research note on Monday, November 20th. They set a “buy” rating and a $14.50 price target for the company. B. Riley restated a “buy” rating on shares of Hercules Capital in a research note on Friday, November 3rd. ValuEngine upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating in a research note on Friday, December 1st. FBR & Co assumed coverage on shares of Hercules Capital in a research note on Monday, October 2nd. They set a “buy” rating and a $14.00 price target for the company. Finally, Wedbush assumed coverage on shares of Hercules Capital in a research note on Tuesday, October 24th. They set a “neutral” rating and a $13.25 price target for the company. One analyst has rated the stock with a sell rating, five have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $14.36.
Hercules Capital Inc (NYSE:HTGC) opened at $12.73 on Wednesday. Hercules Capital Inc has a one year low of $11.64 and a one year high of $15.68. The firm has a market cap of $1,094.11, a P/E ratio of 9.92, a P/E/G ratio of 2.24 and a beta of 0.87. The company has a quick ratio of 8.34, a current ratio of 8.34 and a debt-to-equity ratio of 0.87.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.29. Hercules Capital had a net margin of 39.73% and a return on equity of 12.93%. The business had revenue of $45.90 million during the quarter, compared to analyst estimates of $46.22 million. During the same period in the previous year, the business earned $0.32 EPS. Hercules Capital’s revenue was up 1.8% compared to the same quarter last year. equities analysts predict that Hercules Capital Inc will post 1.16 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Monday, November 20th. Investors of record on Monday, November 13th were paid a $0.31 dividend. The ex-dividend date of this dividend was Friday, November 10th. This represents a $1.24 dividend on an annualized basis and a yield of 9.74%. Hercules Capital’s dividend payout ratio is 136.26%.
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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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