BigSur Wealth Management LLC Increases Position in Hercules Capital, Inc. (NYSE:HTGC)
BigSur Wealth Management LLC boosted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 61.2% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 39,500 shares of the financial services provider's stock after acquiring an additional 15,000 shares during the period. BigSur Wealth Management LLC's holdings in Hercules Capital were worth $759,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Elevation Point Wealth Partners LLC grew its stake in Hercules Capital by 4.3% during the 1st quarter. Elevation Point Wealth Partners LLC now owns 153,851 shares of the financial services provider's stock valued at $2,955,000 after acquiring an additional 6,309 shares in the last quarter. Farther Finance Advisors LLC grew its stake in Hercules Capital by 79.5% during the 1st quarter. Farther Finance Advisors LLC now owns 4,292 shares of the financial services provider's stock valued at $82,000 after acquiring an additional 1,901 shares in the last quarter. Naples Global Advisors LLC grew its stake in Hercules Capital by 2.9% during the 1st quarter. Naples Global Advisors LLC now owns 64,074 shares of the financial services provider's stock valued at $1,231,000 after acquiring an additional 1,815 shares in the last quarter. Accel Wealth Management grew its stake in Hercules Capital by 22.6% during the 1st quarter. Accel Wealth Management now owns 20,841 shares of the financial services provider's stock valued at $400,000 after acquiring an additional 3,838 shares in the last quarter. Finally, Summit Global Investments purchased a new stake in Hercules Capital during the 1st quarter valued at about $465,000. Hedge funds and other institutional investors own 19.69% of the company's stock.
Shares of HTGC opened at $17.97 on Friday. Hercules Capital, Inc. has a twelve month low of $15.65 and a twelve month high of $22.04. The firm's fifty day simple moving average is $17.60 and its 200-day simple moving average is $19.06. The firm has a market capitalization of $3.15 billion, a price-to-earnings ratio of 11.16 and a beta of 0.93. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89.
Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The firm had revenue of $102.10 million during the quarter, compared to analyst estimates of $125.43 million. During the same quarter in the previous year, the business posted $0.50 earnings per share. Hercules Capital's revenue for the quarter was down 1.6% compared to the same quarter last year. Equities analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.91%. The ex-dividend date of this dividend was Tuesday, May 13th. Hercules Capital's dividend payout ratio (DPR) is 120.30%.
Several analysts have recently weighed in on HTGC shares. Piper Sandler dropped their price target on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Compass Point increased their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. JMP Securities reissued a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Friday, February 14th. Wells Fargo & Company dropped their price target on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a research note on Monday, April 28th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research note on Tuesday, April 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Hercules Capital has an average rating of "Moderate Buy" and an average target price of $19.92.
View Our Latest Research Report on HTGC
In related news, Director Nikos Theodosopoulos bought 5,999 shares of the company's stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $17.49 per share, with a total value of $104,922.51. Following the transaction, the director now directly owns 11,960 shares of the company's stock, valued at approximately $209,180.40. This represents a 100.64% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 1.90% of the company's stock.
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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