Stratos Wealth Partners LTD. Maintains Position in Hercules Capital, Inc. (HTGC)
Stratos Wealth Partners LTD. held its stake in Hercules Capital, Inc. (NYSE:HTGC) during the second quarter, Holdings Channel reports. The fund owned 15,535 shares of the financial services provider’s stock at the end of the second quarter. Stratos Wealth Partners LTD.’s holdings in Hercules Capital were worth $206,000 as of its most recent SEC filing.
Several other hedge funds also recently bought and sold shares of the stock. Global X Management Co. LLC increased its position 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 worth $139,000 after buying an additional 3,067 shares during the period. Eagle Global Advisors LLC acquired a new position in shares of Hercules Capital during the second quarter worth approximately $154,000. United Capital Financial Advisers LLC acquired a new position in shares of Hercules Capital during the first quarter worth approximately $157,000. HighTower Advisors LLC increased its position 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 worth $183,000 after buying an additional 72 shares during the period. Finally, Envestnet Asset Management Inc. increased its position 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 worth $188,000 after buying an additional 8,695 shares during the period. 44.25% of the stock is owned by hedge funds and other institutional investors.
Hercules Capital, Inc. (NYSE:HTGC) opened at 12.67 on Friday. The stock’s 50 day moving average price is $13.27 and its 200-day moving average price is $14.06. Hercules Capital, Inc. has a 12 month low of $12.29 and a 12 month high of $15.68. The firm has a market capitalization of $1.05 billion, a P/E ratio of 14.03 and a beta of 0.82.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.31. Hercules Capital had a net margin of 38.69% and a return on equity of 12.93%. The company had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same quarter last year, the company posted $0.32 EPS. The firm’s revenue was up 11.3% compared to the same quarter last year. Equities analysts forecast that Hercules Capital, Inc. will post $1.18 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Shareholders of record on Monday, August 14th will be given a $0.31 dividend. The ex-dividend date is Thursday, August 10th. This represents a $1.24 annualized dividend and a yield of 9.79%. Hercules Capital’s dividend payout ratio is presently 134.78%.
HTGC has been the subject of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and issued a $16.00 price objective on shares of Hercules Capital in a research note on Friday, May 12th. Zacks Investment Research raised shares of Hercules Capital from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 16th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $17.00 price objective on shares of Hercules Capital in a research note on Thursday, April 20th. Wunderlich downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating and reduced their price objective for the stock from $16.00 to $13.00 in a research note on Monday, May 8th. Finally, ValuEngine downgraded shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research note on Friday, June 2nd. Two research analysts have rated the stock with a sell rating, three have issued a hold rating and six have given a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price 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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