D.A. Davidson & CO. Buys 9,952 Shares of Hercules Capital, Inc. (NYSE:HTGC)

D.A. Davidson & CO. boosted its stake in Hercules Capital, Inc. (NYSE:HTGCGet Rating) by 9.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 120,768 shares of the financial services provider’s stock after purchasing an additional 9,952 shares during the period. D.A. Davidson & CO. owned about 0.10% of Hercules Capital worth $2,182,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. PNC Financial Services Group Inc. raised its position in Hercules Capital by 9.6% during the first quarter. PNC Financial Services Group Inc. now owns 291,720 shares of the financial services provider’s stock valued at $5,272,000 after purchasing an additional 25,578 shares during the period. Private Advisor Group LLC increased its stake in shares of Hercules Capital by 49.3% in the 1st quarter. Private Advisor Group LLC now owns 75,398 shares of the financial services provider’s stock valued at $1,362,000 after purchasing an additional 24,912 shares in the last quarter. Cetera Advisor Networks LLC boosted its holdings in Hercules Capital by 11.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 14,459 shares of the financial services provider’s stock worth $261,000 after buying an additional 1,526 shares during the last quarter. HighTower Advisors LLC grew its position in shares of Hercules Capital by 10.5% in the first quarter. HighTower Advisors LLC now owns 52,376 shares of the financial services provider’s stock valued at $947,000 after purchasing an additional 4,961 shares in the last quarter. Finally, Cambridge Investment Research Advisors Inc. lifted its holdings in Hercules Capital by 27.0% in the first quarter. Cambridge Investment Research Advisors Inc. now owns 106,335 shares of the financial services provider’s stock valued at $1,921,000 after acquiring an additional 22,624 shares during the last quarter. 23.79% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the company. TheStreet lowered Hercules Capital from a “b” rating to a “c-” rating in a report on Monday, July 11th. Piper Sandler dropped their price objective on shares of Hercules Capital from $18.50 to $15.50 and set a “neutral” rating for the company in a research note on Tuesday, June 28th. JMP Securities decreased their price target on shares of Hercules Capital from $19.00 to $18.00 and set a “market outperform” rating for the company in a research report on Monday, August 1st. Compass Point cut their target price on shares of Hercules Capital to $15.75 in a research note on Tuesday, August 9th. Finally, StockNews.com cut shares of Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $17.38.

Hercules Capital Trading Down 2.4 %

HTGC opened at $13.45 on Friday. Hercules Capital, Inc. has a 1-year low of $12.61 and a 1-year high of $19.09. The firm has a 50-day moving average price of $14.64 and a two-hundred day moving average price of $15.84. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.13. The stock has a market capitalization of $1.71 billion, a PE ratio of 122.28 and a beta of 1.36.

Hercules Capital (NYSE:HTGCGet Rating) last announced its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). Hercules Capital had a net margin of 4.86% and a return on equity of 11.63%. The company had revenue of $72.12 million during the quarter, compared to the consensus estimate of $72.41 million. During the same period in the previous year, the firm posted $0.32 EPS. The business’s quarterly revenue was up 3.7% compared to the same quarter last year. As a group, equities analysts anticipate that Hercules Capital, Inc. will post 1.35 earnings per share for the current fiscal year.

Hercules Capital Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 16th. Investors of record on Tuesday, August 9th were given a $0.50 dividend. The ex-dividend date was Monday, August 8th. This represents a $2.00 annualized dividend and a yield of 14.87%. This is an increase from Hercules Capital’s previous quarterly dividend of $0.33. Hercules Capital’s dividend payout ratio (DPR) is presently 1,272.84%.

About Hercules Capital

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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.

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

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