KCG Holdings Inc. lowered its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 3.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,539 shares of the financial services provider’s stock after selling 338 shares during the period. KCG Holdings Inc.’s holdings in Hercules Capital were worth $159,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Nwam LLC acquired a new position in shares of Hercules Capital during the first quarter worth about $284,000. LSV Asset Management raised its position in shares of Hercules Capital by 14.8% in the first quarter. LSV Asset Management now owns 1,129,565 shares of the financial services provider’s stock worth $17,090,000 after buying an additional 145,289 shares during the period. Willingdon Wealth Management raised its position in shares of Hercules Capital by 17.8% in the first quarter. Willingdon Wealth Management now owns 211,831 shares of the financial services provider’s stock worth $3,205,000 after buying an additional 32,022 shares during the period. Geneva Advisors LLC raised its position in shares of Hercules Capital by 96.7% in the first quarter. Geneva Advisors LLC now owns 111,232 shares of the financial services provider’s stock worth $1,683,000 after buying an additional 54,674 shares during the period. Finally, Advisory Services Network LLC acquired a new position in shares of Hercules Capital during the first quarter worth about $223,000. 46.15% of the stock is owned by institutional investors.
Hercules Capital, Inc. (NYSE HTGC) opened at 12.53 on Friday. Hercules Capital, Inc. has a 1-year low of $12.29 and a 1-year high of $15.68. The stock has a 50 day moving average of $13.19 and a 200-day moving average of $14.01. The firm has a market capitalization of $1.04 billion, a P/E ratio of 13.88 and a beta of 0.82.
Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 EPS 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 for the quarter, compared to analyst estimates of $48.25 million. During the same quarter in the prior year, the business earned $0.32 EPS. Hercules Capital’s quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that Hercules Capital, Inc. will post $1.17 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be paid a $0.31 dividend. The ex-dividend date is Thursday, August 10th. This represents a $1.24 dividend on an annualized basis and a yield of 9.90%. Hercules Capital’s dividend payout ratio (DPR) is currently 134.78%.
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A number of equities analysts recently issued reports on the company. BidaskClub lowered Hercules Capital from a “buy” rating to a “hold” rating in a report on Sunday, July 30th. Jefferies Group LLC restated a “buy” rating and issued a $16.00 target price on shares of Hercules Capital in a research report on Friday, July 14th. Wunderlich downgraded Hercules Capital from a “buy” rating to a “hold” rating and cut their target price for the stock from $16.00 to $13.00 in a research report on Monday, May 8th. Zacks Investment Research downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, August 7th. Finally, JMP Securities reiterated a “mkt outperform” rating and set a $14.50 price objective on shares of Hercules Capital in a research report on Monday, August 7th. Two research analysts have rated the stock with a sell rating, three have assigned a hold rating and six have issued a buy rating to the stock. The company has a consensus rating of “Hold” and an average 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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