Russell Investments Group Ltd. grew its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 4.1% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,854 shares of the financial services provider’s stock after buying an additional 3,269 shares during the period. Russell Investments Group Ltd. owned 0.10% of Hercules Capital worth $1,110,000 as of its most recent SEC filing.
Other hedge funds have also made changes to their positions in the company. Bank of Montreal Can boosted its stake in Hercules Capital by 846.3% in the 1st quarter. Bank of Montreal Can now owns 68,208 shares of the financial services provider’s stock worth $1,032,000 after purchasing an additional 61,000 shares in the last quarter. Parametric Portfolio Associates LLC increased its position in shares of Hercules Capital by 19.5% during the 1st quarter. Parametric Portfolio Associates LLC now owns 179,241 shares of the financial services provider’s stock valued at $2,712,000 after purchasing an additional 29,223 shares during the last quarter. Clough Capital Partners L P increased its position in shares of Hercules Capital by 12.7% during the 1st quarter. Clough Capital Partners L P now owns 386,700 shares of the financial services provider’s stock valued at $5,851,000 after purchasing an additional 43,500 shares during the last quarter. Muzinich & Co. Inc. increased its position in shares of Hercules Capital by 85.3% during the 1st quarter. Muzinich & Co. Inc. now owns 3,626,672 shares of the financial services provider’s stock valued at $54,872,000 after purchasing an additional 1,669,396 shares during the last quarter. Finally, Legal & General Group Plc increased its position in shares of Hercules Capital by 8.3% during the 1st quarter. Legal & General Group Plc now owns 182,766 shares of the financial services provider’s stock valued at $2,764,000 after purchasing an additional 14,021 shares during the last quarter. Hedge funds and other institutional investors own 44.64% of the company’s stock.
Several research firms have recently commented on HTGC. BidaskClub lowered shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Tuesday. ValuEngine lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Zacks Investment Research downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research note on Monday, August 7th. JMP Securities restated a “mkt outperform” rating and issued a $14.50 price target on shares of Hercules Capital in a research note on Monday, August 7th. Finally, Compass Point upgraded Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 price target for the company in a research note on Friday. Three research analysts have rated the stock with a sell rating, three have given a hold rating and six have given a buy rating to the stock. Hercules Capital presently has a consensus rating of “Hold” and an average price target of $14.94.
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Hercules Capital, Inc. (NYSE:HTGC) remained flat at $12.10 during midday trading on Tuesday. The stock had a trading volume of 298,680 shares. The stock has a market cap of $1.00 billion, a P/E ratio of 13.40 and a beta of 0.83. Hercules Capital, Inc. has a 52-week low of $11.64 and a 52-week high of $15.68. The company has a 50 day moving average of $12.76 and a 200-day moving average of $13.74.
Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.31. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. The company had revenue of $48.45 million during the quarter, compared to analysts’ expectations of $48.25 million. During the same period last year, the firm earned $0.32 EPS. The firm’s revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Hercules Capital, Inc. will post $1.17 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Monday, August 21st. Stockholders of record on Monday, August 14th were paid a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a dividend yield of 10.25%. The ex-dividend date of this dividend was Thursday, August 10th. Hercules Capital’s dividend payout ratio (DPR) is 134.78%.
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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