Hercules Capital, Inc. $HTGC Shares Acquired by Tectonic Advisors LLC

Tectonic Advisors LLC raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 9.5% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,101,790 shares of the financial services provider’s stock after purchasing an additional 95,382 shares during the period. Hercules Capital accounts for approximately 0.8% of Tectonic Advisors LLC’s investment portfolio, making the stock its 23rd biggest position. Tectonic Advisors LLC owned approximately 0.59% of Hercules Capital worth $18,521,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Burk Holdings LLC bought a new stake in shares of Hercules Capital in the 2nd quarter valued at about $28,000. Archer Investment Corp bought a new position in shares of Hercules Capital during the second quarter worth about $32,000. Fifth Third Bancorp bought a new position in shares of Hercules Capital during the first quarter worth about $35,000. Fortitude Family Office LLC acquired a new position in shares of Hercules Capital in the third quarter worth approximately $40,000. Finally, Caitlin John LLC acquired a new position in shares of Hercules Capital in the second quarter worth approximately $42,000. 19.69% of the stock is owned by institutional investors and hedge funds.

Hercules Capital Trading Down 0.6%

Hercules Capital stock traded down $0.10 during trading hours on Friday, reaching $16.39. 891,855 shares of the company’s stock were exchanged, compared to its average volume of 1,112,575. The company has a quick ratio of 1.37, a current ratio of 1.37 and a debt-to-equity ratio of 1.03. The firm’s 50 day simple moving average is $17.05 and its 200 day simple moving average is $16.24. Hercules Capital, Inc. has a twelve month low of $13.70 and a twelve month high of $19.13. The firm has a market capitalization of $3.07 billion, a PE ratio of 8.16 and a beta of 0.82.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, July 30th. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Hercules Capital had a return on equity of 16.01% and a net margin of 67.68%. The company had revenue of $134.41 million for the quarter, compared to the consensus estimate of $146.71 million. During the same period in the previous year, the business earned $0.50 EPS. The firm’s revenue was up 8.4% compared to the same quarter last year. Research analysts predict that Hercules Capital, Inc. will post 1.95 earnings per share for the current year.

Hercules Capital Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 18th. Shareholders of record on Tuesday, August 11th were issued a $0.40 dividend. The ex-dividend date was Tuesday, August 11th. This is an increase from Hercules Capital’s previous quarterly dividend of $0.07. This represents a $1.60 dividend on an annualized basis and a yield of 9.8%. Hercules Capital’s dividend payout ratio is presently 79.60%.

Analyst Upgrades and Downgrades

A number of research firms have weighed in on HTGC. Weiss Ratings downgraded shares of Hercules Capital from a “hold (c+)” rating to a “hold (c)” rating in a research report on Tuesday, October 13th. LADENBURG THALM/SH SH lowered their price target on shares of Hercules Capital from $21.00 to $20.00 and set a “buy” rating for the company in a report on Friday, July 31st. Finally, UBS Group upgraded shares of Hercules Capital from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $15.50 to $18.50 in a research report on Tuesday, September 1st. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, Hercules Capital has a consensus rating of “Moderate Buy” and an average target price of $18.89.

Hercules Capital Company Profile

Hercules Capital, Inc is a business development company and specialty finance firm that provides debt financing to innovative, growth-oriented companies. The company focuses primarily on venture capital-backed businesses in the technology, life sciences, and sustainable and specialty technology sectors.

Hercules Capital offers secured loans and other forms of growth capital designed to support companies through various stages of development, including expansion, acquisitions, recapitalizations, and initial public offerings.