11,610 Shares in Hercules Capital, Inc. (NYSE:HTGC) Acquired by Eagle Global Advisors LLC

Eagle Global Advisors LLC acquired a new stake in Hercules Capital, Inc. (NYSE:HTGC) during the second quarter, Holdings Channel reports. The institutional investor acquired 11,610 shares of the financial services provider’s stock, valued at approximately $154,000.

A number of other large investors also recently bought and sold shares of HTGC. HighTower Advisors LLC boosted its stake 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 valued at $183,000 after buying an additional 72 shares during the period. BB&T Securities LLC boosted its stake in shares of Hercules Capital by 0.7% in the first quarter. BB&T Securities LLC now owns 14,561 shares of the financial services provider’s stock valued at $220,000 after buying an additional 100 shares during the period. Naples Global Advisors LLC boosted its stake in shares of Hercules Capital by 0.5% in the first quarter. Naples Global Advisors LLC now owns 69,056 shares of the financial services provider’s stock valued at $1,045,000 after buying an additional 325 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Hercules Capital by 2.2% in the first quarter. Ameriprise Financial Inc. now owns 15,291 shares of the financial services provider’s stock valued at $231,000 after buying an additional 331 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Hercules Capital by 1.9% in the second quarter. US Bancorp DE now owns 27,624 shares of the financial services provider’s stock valued at $366,000 after buying an additional 512 shares during the period. 44.25% of the stock is owned by institutional investors and hedge funds.

Shares of Hercules Capital, Inc. (HTGC) opened at 13.18 on Tuesday. The firm has a market cap of $1.09 billion, a P/E ratio of 21.33 and a beta of 0.82. The firm’s 50-day moving average price is $13.30 and its 200 day moving average price is $14.13. Hercules Capital, Inc. has a 12-month low of $12.29 and a 12-month high of $15.68.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.31. The business had revenue of $48.45 million for the quarter, compared to analysts’ expectations of $48.25 million. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the business earned $0.32 earnings per share. On average, equities analysts expect that Hercules Capital, Inc. will post $1.21 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 9.41%. The ex-dividend date of this dividend is Thursday, August 10th. Hercules Capital’s dividend payout ratio is 134.78%.

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Several equities research analysts have commented on HTGC shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research report on Sunday. BidaskClub cut shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Monday, July 24th. Jefferies Group LLC reiterated a “buy” rating and issued a $16.00 price target on shares of Hercules Capital in a research report on Friday, July 14th. ValuEngine cut shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Finally, Zacks Investment Research upgraded shares of Hercules Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating and six have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus target price of $15.21.

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

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