Naviter Wealth LLC Purchases 26,367 Shares of Hercules Capital, Inc. (NYSE:HTGC)
Naviter Wealth LLC grew its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 16.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 184,454 shares of the financial services provider's stock after acquiring an additional 26,367 shares during the quarter. Naviter Wealth LLC owned 0.11% of Hercules Capital worth $3,553,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its position in Hercules Capital by 0.4% in the 4th quarter. Rockefeller Capital Management L.P. now owns 138,364 shares of the financial services provider's stock valued at $2,780,000 after acquiring an additional 496 shares during the last quarter. Wealth Enhancement Advisory Services LLC grew its position in Hercules Capital by 2.0% in the 1st quarter. Wealth Enhancement Advisory Services LLC now owns 32,832 shares of the financial services provider's stock valued at $631,000 after acquiring an additional 628 shares during the last quarter. Sand Hill Global Advisors LLC grew its position in Hercules Capital by 2.5% in the 4th quarter. Sand Hill Global Advisors LLC now owns 27,417 shares of the financial services provider's stock valued at $551,000 after acquiring an additional 665 shares during the last quarter. Baird Financial Group Inc. grew its position in Hercules Capital by 8.0% in the 4th quarter. Baird Financial Group Inc. now owns 10,826 shares of the financial services provider's stock valued at $217,000 after acquiring an additional 802 shares during the last quarter. Finally, Mackenzie Financial Corp grew its position in Hercules Capital by 2.5% in the 4th quarter. Mackenzie Financial Corp now owns 33,289 shares of the financial services provider's stock valued at $669,000 after acquiring an additional 810 shares during the last quarter. Institutional investors own 19.69% of the company's stock.
Hercules Capital stock opened at $18.14 on Friday. The stock has a 50-day moving average of $17.76 and a two-hundred day moving average of $18.98. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.38 and a current ratio of 2.38. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The stock has a market cap of $3.18 billion, a PE ratio of 13.64 and a beta of 0.93.
Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Hercules Capital had a net margin of 45.23% and a return on equity of 16.84%. The business had revenue of $102.10 million during the quarter, compared to analysts' expectations of $125.43 million. During the same quarter last year, the business posted $0.50 earnings per share. The company's quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 13th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 8.82%. The ex-dividend date was Tuesday, May 13th. Hercules Capital's dividend payout ratio (DPR) is presently 120.30%.
Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods lowered their target price on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a report on Tuesday, April 8th. UBS Group lowered their target price on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Piper Sandler lowered their target price on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a report on Tuesday, April 8th. Finally, Wells Fargo & Company lowered their target price on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $19.92.
View Our Latest Research Report on Hercules Capital
In other news, Director Nikos Theodosopoulos acquired 5,999 shares of the business's stock in a transaction dated Thursday, May 8th. The shares were acquired at an average cost of $17.49 per share, with a total value of $104,922.51. Following the completion of the acquisition, the director now owns 11,960 shares of the company's stock, valued at approximately $209,180.40. This trade represents a 100.64% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.
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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