Goldman Sachs Group Inc. Has $687,000 Stake in Hercules Capital, Inc. $HTGC

Goldman Sachs Group Inc. lowered its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 82.7% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 35,740 shares of the financial services provider’s stock after selling 171,100 shares during the quarter. Goldman Sachs Group Inc.’s holdings in Hercules Capital were worth $687,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HTGC. Bank of America Corp DE grew its position in Hercules Capital by 3.6% during the fourth quarter. Bank of America Corp DE now owns 128,985 shares of the financial services provider’s stock worth $2,591,000 after buying an additional 4,518 shares in the last quarter. Mackenzie Financial Corp grew its position in Hercules Capital by 2.5% during the fourth quarter. Mackenzie Financial Corp now owns 33,289 shares of the financial services provider’s stock worth $669,000 after buying an additional 810 shares in the last quarter. Ameriflex Group Inc. acquired a new stake in Hercules Capital during the fourth quarter worth approximately $29,000. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Hercules Capital during the fourth quarter worth approximately $221,000. Finally, Wealth Enhancement Advisory Services LLC grew its position in Hercules Capital by 88.3% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 32,204 shares of the financial services provider’s stock worth $647,000 after buying an additional 15,097 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Piper Sandler increased their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Friday, August 1st. JMP Securities increased their price target on Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research report on Monday, August 4th. Citigroup reissued an “outperform” rating on shares of Hercules Capital in a research report on Monday, August 4th. Finally, UBS Group upped their target price on Hercules Capital from $18.50 to $19.00 and gave the stock a “neutral” rating in a research note on Wednesday, July 16th. Five research analysts have rated the stock with a Buy rating and two have issued a Hold rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $20.58.

Hercules Capital Stock Down 1.6%

NYSE HTGC opened at $18.86 on Thursday. Hercules Capital, Inc. has a fifty-two week low of $15.65 and a fifty-two week high of $22.04. The stock has a market capitalization of $3.43 billion, a PE ratio of 12.49 and a beta of 0.95. The company has a debt-to-equity ratio of 0.96, a current ratio of 1.68 and a quick ratio of 1.68. The business has a fifty day moving average price of $19.28 and a two-hundred day moving average price of $18.46.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, July 31st. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.47 by $0.03. Hercules Capital had a return on equity of 16.54% and a net margin of 51.46%.The company had revenue of $137.46 million during the quarter, compared to analysts’ expectations of $129.47 million. During the same period in the prior year, the company earned $0.51 EPS. Hercules Capital’s revenue was up 10.0% compared to the same quarter last year. Equities analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 19th. Stockholders of record on Tuesday, August 12th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.0%. The ex-dividend date was Tuesday, August 12th. This is a positive change from Hercules Capital’s previous quarterly dividend of $0.40. Hercules Capital’s dividend payout ratio is currently 105.96%.

About Hercules Capital

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.