Global Retirement Partners LLC Acquires Shares of 23,516 Hercules Capital, Inc. $HTGC

Global Retirement Partners LLC bought a new stake in Hercules Capital, Inc. (NYSE:HTGC) in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 23,516 shares of the financial services provider’s stock, valued at approximately $430,000.

Several other large investors have also made changes to their positions in HTGC. Royal Bank of Canada boosted its position in shares of Hercules Capital by 2.0% in the 1st quarter. Royal Bank of Canada now owns 804,077 shares of the financial services provider’s stock worth $15,446,000 after purchasing an additional 15,724 shares during the last quarter. Border to Coast Pensions Partnership Ltd increased its holdings in Hercules Capital by 7.1% in the second quarter. Border to Coast Pensions Partnership Ltd now owns 375,000 shares of the financial services provider’s stock valued at $6,855,000 after purchasing an additional 25,000 shares during the last quarter. Founders Financial Alliance LLC acquired a new position in Hercules Capital in the first quarter valued at about $279,000. Trexquant Investment LP boosted its holdings in Hercules Capital by 15.3% during the first quarter. Trexquant Investment LP now owns 123,706 shares of the financial services provider’s stock worth $2,376,000 after buying an additional 16,374 shares during the last quarter. Finally, Cubist Systematic Strategies LLC grew its position in shares of Hercules Capital by 170.3% during the 1st quarter. Cubist Systematic Strategies LLC now owns 336,988 shares of the financial services provider’s stock worth $6,474,000 after buying an additional 212,325 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Up 1.2%

Shares of HTGC stock opened at $18.10 on Friday. Hercules Capital, Inc. has a 12-month low of $15.65 and a 12-month high of $22.04. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.96. The firm has a fifty day moving average of $17.89 and a 200-day moving average of $18.41. The company has a market capitalization of $3.29 billion, a price-to-earnings ratio of 11.98 and a beta of 0.95.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, October 30th. The financial services provider reported $0.49 earnings per share for the quarter, topping analysts’ consensus estimates of $0.48 by $0.01. Hercules Capital had a net margin of 51.46% and a return on equity of 16.54%. The firm had revenue of $138.09 million during the quarter, compared to analyst estimates of $136.95 million. During the same period in the prior year, the business earned $0.51 EPS. As a group, equities research analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 19th. Investors of record on Wednesday, November 12th were issued a dividend of $0.40 per share. The ex-dividend date was Wednesday, November 12th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.8%. Hercules Capital’s dividend payout ratio (DPR) is presently 93.02%.

Insider Transactions at Hercules Capital

In other news, Director Gayle A. Crowell bought 6,000 shares of the business’s stock in a transaction on Monday, November 3rd. The shares were purchased at an average price of $17.77 per share, for a total transaction of $106,620.00. Following the purchase, the director owned 78,727 shares of the company’s stock, valued at approximately $1,398,978.79. The trade was a 8.25% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 1.80% of the company’s stock.

Wall Street Analyst Weigh In

HTGC has been the topic of a number of analyst reports. Citigroup reiterated an “outperform” rating on shares of Hercules Capital in a research report on Monday, August 4th. Wall Street Zen lowered shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Friday. UBS Group reduced their price target on shares of Hercules Capital from $19.00 to $18.50 and set a “neutral” rating on the stock in a research report on Tuesday, October 14th. Weiss Ratings restated a “buy (b-)” rating on shares of Hercules Capital in a research report on Friday, October 31st. Finally, JMP Securities raised their price objective on Hercules Capital from $22.00 to $24.00 and gave the stock a “market outperform” rating in a research note on Monday, August 4th. Six investment analysts have rated the stock with a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $20.42.

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.