Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by Stephens Inc. AR

Posted by Defense World Staff on Apr 8th, 2023

Stephens Inc. AR grew its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC – Get Rating) by 10.5% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,150 shares of the financial services provider’s stock after buying an additional 2,483 shares during the period. Stephens Inc. AR’s holdings in Hercules Capital were worth $346,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Salem Investment Counselors Inc. grew its position in Hercules Capital by 2,200.0% in the 3rd quarter. Salem Investment Counselors Inc. now owns 2,300 shares of the financial services provider’s stock valued at $27,000 after buying an additional 2,200 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Hercules Capital by 206.4% in the third quarter. Nomura Asset Management Co. Ltd. now owns 2,488 shares of the financial services provider’s stock valued at $29,000 after acquiring an additional 1,676 shares in the last quarter. BDO Wealth Advisors LLC raised its holdings in Hercules Capital by 76.4% during the second quarter. BDO Wealth Advisors LLC now owns 2,217 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 960 shares in the last quarter. BNP Paribas Arbitrage SNC lifted its position in Hercules Capital by 1,105.2% in the third quarter. BNP Paribas Arbitrage SNC now owns 3,688 shares of the financial services provider’s stock worth $43,000 after purchasing an additional 3,382 shares during the period. Finally, Orion Capital Management LLC boosted its stake in Hercules Capital by 25.0% during the 3rd quarter. Orion Capital Management LLC now owns 5,000 shares of the financial services provider’s stock valued at $58,000 after purchasing an additional 1,000 shares in the last quarter. 23.77% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on the company. StockNews.com began coverage on Hercules Capital in a report on Thursday, March 16th. They issued a “hold” rating for the company. JMP Securities restated a “market outperform” rating and set a $18.00 price objective on shares of Hercules Capital in a research report on Monday, March 13th. Royal Bank of Canada increased their target price on shares of Hercules Capital from $16.00 to $17.00 and gave the company an “outperform” rating in a research note on Friday, February 17th. Keefe, Bruyette & Woods lowered shares of Hercules Capital from a “market perform” rating to an “underperform” rating and decreased their price target for the stock from $14.50 to $10.50 in a research report on Monday, March 13th. Finally, Piper Sandler upgraded shares of Hercules Capital from a “neutral” rating to an “overweight” rating and set a $16.00 price target on the stock in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $15.14.

Insider Buying and Selling

In other news, Director Wade Loo acquired 4,000 shares of the firm’s stock in a transaction that occurred on Friday, March 17th. The stock was purchased at an average price of $11.95 per share, with a total value of $47,800.00. Following the purchase, the director now owns 8,059 shares of the company’s stock, valued at approximately $96,305.05. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Company insiders own 1.40% of the company’s stock.

Hercules Capital Stock Performance

Hercules Capital stock opened at $12.49 on Friday. The firm’s 50 day moving average price is $13.95 and its two-hundred day moving average price is $13.67. Hercules Capital, Inc. has a 1 year low of $10.94 and a 1 year high of $19.09. The company has a debt-to-equity ratio of 1.12, a quick ratio of 1.21 and a current ratio of 1.21. The firm has a market cap of $1.70 billion, a price-to-earnings ratio of 16.43 and a beta of 1.41.

Hercules Capital (NYSE:HTGC – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The financial services provider reported $0.47 EPS for the quarter, topping analysts’ consensus estimates of $0.42 by $0.05. Hercules Capital had a net margin of 31.73% and a return on equity of 13.87%. The firm had revenue of $100.19 million during the quarter, compared to analyst estimates of $91.34 million. During the same quarter last year, the business posted $0.35 EPS. On average, research analysts predict that Hercules Capital, Inc. will post 1.85 EPS for the current fiscal year.

Hercules Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, March 9th. Investors of record on Thursday, March 2nd were paid a $0.39 dividend. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, March 1st. This represents a $1.56 dividend on an annualized basis and a yield of 12.49%. Hercules Capital’s dividend payout ratio (DPR) is currently 205.26%.

About Hercules Capital

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Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company’s existing capital structure and map to its business objectives.