Hercules Capital, Inc. $HTGC Shares Acquired by Riverbridge Partners LLC

Riverbridge Partners LLC raised its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 61.5% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 146,991 shares of the financial services provider’s stock after acquiring an additional 55,998 shares during the period. Riverbridge Partners LLC owned about 0.08% of Hercules Capital worth $2,471,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of the business. Lido Advisors LLC lifted its holdings in shares of Hercules Capital by 15.1% in the third quarter. Lido Advisors LLC now owns 101,786 shares of the financial services provider’s stock worth $1,711,000 after acquiring an additional 13,336 shares during the last quarter. StoneX Group Inc. bought a new stake in shares of Hercules Capital during the 3rd quarter valued at approximately $254,000. Parallel Advisors LLC grew its holdings in shares of Hercules Capital by 9.1% during the 3rd quarter. Parallel Advisors LLC now owns 14,676 shares of the financial services provider’s stock valued at $247,000 after purchasing an additional 1,220 shares during the last quarter. International Assets Investment Management LLC grew its holdings in shares of Hercules Capital by 33.7% during the 3rd quarter. International Assets Investment Management LLC now owns 80,327 shares of the financial services provider’s stock valued at $1,337,000 after purchasing an additional 20,227 shares during the last quarter. Finally, Kestra Advisory Services LLC increased its position in Hercules Capital by 4.8% during the 3rd quarter. Kestra Advisory Services LLC now owns 78,024 shares of the financial services provider’s stock worth $1,312,000 after purchasing an additional 3,547 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on HTGC. UBS Group raised shares of Hercules Capital from a “neutral” rating to a “buy” rating and increased their price objective for the company from $15.50 to $18.50 in a research note on Tuesday, September 1st. LADENBURG THALM/SH SH cut their target price on shares of Hercules Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research report on Friday, July 31st. Finally, Weiss Ratings raised shares of Hercules Capital from a “hold (c)” rating to a “hold (c+)” rating in a research note on Wednesday, October 28th. One investment analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $18.89.

Hercules Capital Stock Down 1.7%

Shares of NYSE HTGC opened at $16.09 on Wednesday. The company has a 50 day simple moving average of $16.85 and a 200 day simple moving average of $16.10. The company has a debt-to-equity ratio of 1.10, a current ratio of 1.41 and a quick ratio of 1.41. Hercules Capital, Inc. has a 1 year low of $13.70 and a 1 year high of $19.13. The firm has a market cap of $3.05 billion, a PE ratio of 8.65 and a beta of 0.82.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, October 29th. The financial services provider reported $0.47 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.47. Hercules Capital had a net margin of 62.84% and a return on equity of 15.72%. The firm had revenue of $135.69 million for the quarter, compared to analyst estimates of $144.11 million. During the same period in the previous year, the firm posted $0.49 EPS. On average, research analysts forecast that Hercules Capital, Inc. will post 1.94 EPS for the current year.

Hercules Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Stockholders of record on Tuesday, November 10th will be issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. This is a drop from Hercules Capital’s previous quarterly dividend of $0.40. The ex-dividend date is Tuesday, November 10th. Hercules Capital’s dividend payout ratio (DPR) is presently 86.02%.

Hercules Capital Company Profile

Hercules Capital, Inc. is a specialty finance company and business development company that provides financing to venture capital-backed businesses. Its lending focuses primarily on companies in the technology, life sciences and sustainable and renewable technology sectors. The company offers venture debt and growth capital through products such as senior secured loans, equipment financing and working capital facilities. Its financing is designed to support businesses at different stages, including product development, expansion and other growth initiatives.