US Bancorp DE Raises Position in Hercules Capital, Inc. (NYSE:HTGC)

US Bancorp DE boosted its stake in Hercules Capital, Inc. (NYSE:HTGCFree Report) by 4.1% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 40,331 shares of the financial services provider’s stock after buying an additional 1,596 shares during the period. US Bancorp DE’s holdings in Hercules Capital were worth $672,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of HTGC. D.A. Davidson & CO. lifted its holdings in shares of Hercules Capital by 9.1% during the fourth quarter. D.A. Davidson & CO. now owns 221,994 shares of the financial services provider’s stock valued at $3,701,000 after purchasing an additional 18,473 shares during the last quarter. BNP Paribas Financial Markets grew its position in shares of Hercules Capital by 104.8% during the 4th quarter. BNP Paribas Financial Markets now owns 91,093 shares of the financial services provider’s stock valued at $1,519,000 after acquiring an additional 46,614 shares during the period. Jump Financial LLC lifted its stake in shares of Hercules Capital by 43.8% during the 4th quarter. Jump Financial LLC now owns 165,400 shares of the financial services provider’s stock valued at $2,757,000 after buying an additional 50,388 shares in the last quarter. Fisher Asset Management LLC purchased a new position in shares of Hercules Capital during the 4th quarter valued at $208,000. Finally, Bleakley Financial Group LLC purchased a new position in shares of Hercules Capital during the 4th quarter valued at $613,000. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several brokerages have commented on HTGC. Keefe, Bruyette & Woods boosted their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. Piper Sandler upped their price target on shares of Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a report on Friday, May 3rd. Wells Fargo & Company upped their target price on shares of Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Finally, JMP Securities upped their target price on shares of Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a research note on Friday, May 3rd. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, Hercules Capital has an average rating of “Hold” and a consensus target price of $18.56.

Read Our Latest Report on HTGC

Hercules Capital Stock Down 0.1 %

HTGC stock opened at $19.77 on Friday. The stock has a market capitalization of $3.21 billion, a P/E ratio of 8.99 and a beta of 1.36. The firm has a 50-day simple moving average of $19.03 and a 200-day simple moving average of $17.80. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.93. Hercules Capital, Inc. has a 52 week low of $14.05 and a 52 week high of $20.01.

Hercules Capital (NYSE:HTGCGet Free Report) last released its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, topping analysts’ consensus estimates of $0.48 by $0.02. The business had revenue of $121.55 million during the quarter, compared to analysts’ expectations of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The company’s quarterly revenue was up 15.7% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.47 earnings per share. Equities analysts forecast that Hercules Capital, Inc. will post 2.06 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a dividend of $0.48 per share. The ex-dividend date was Monday, May 13th. This represents a $1.92 annualized dividend and a yield of 9.71%. Hercules Capital’s dividend payout ratio is presently 72.73%.

Hercules Capital Profile

(Free Report)

Hercules Capital, Inc is a business development company. The firm specializing in providing venture debt, debt, senior secured loans, and growth capital to privately held venture capital-backed companies at all stages of development from startups to expansion stage including select publicly listed companies and select special opportunity lower middle market companies that require additional capital to fund acquisitions, recapitalizations and refinancing and established-stage companies.

See Also

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

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