Hercules Capital, Inc. $HTGC Stock Purchased by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC lifted its position in Hercules Capital, Inc. (NYSE:HTGC) by 139.5% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 60,722 shares of the financial services provider’s stock after purchasing an additional 35,364 shares during the quarter. Left Brain Wealth Management LLC’s holdings in Hercules Capital were worth $1,021,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp grew its holdings in Hercules Capital by 22.6% during the 2nd quarter. Van ECK Associates Corp now owns 3,877,634 shares of the financial services provider’s stock valued at $61,150,000 after buying an additional 713,653 shares in the last quarter. Sound Income Strategies LLC increased its stake in Hercules Capital by 3.0% in the 3rd quarter. Sound Income Strategies LLC now owns 3,777,695 shares of the financial services provider’s stock worth $62,521,000 after acquiring an additional 110,177 shares during the last quarter. Legal & General Group Plc purchased a new stake in shares of Hercules Capital during the 2nd quarter worth approximately $26,523,000. Tectonic Advisors LLC raised its holdings in shares of Hercules Capital by 9.5% during the 3rd quarter. Tectonic Advisors LLC now owns 1,101,790 shares of the financial services provider’s stock worth $18,521,000 after acquiring an additional 95,382 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. raised its holdings in shares of Hercules Capital by 0.6% during the 1st quarter. Sumitomo Mitsui Trust Group Inc. now owns 1,025,337 shares of the financial services provider’s stock worth $15,144,000 after acquiring an additional 6,578 shares in the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Stock Performance

NYSE HTGC opened at $16.56 on Friday. The business’s 50 day moving average price is $17.01 and its 200-day moving average price is $16.18. Hercules Capital, Inc. has a fifty-two week low of $13.70 and a fifty-two week high of $19.13. The company has a market cap of $3.10 billion, a P/E ratio of 8.90 and a beta of 0.82. The company has a debt-to-equity ratio of 1.03, a quick ratio of 1.37 and a current ratio of 1.37.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, October 29th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.47. Hercules Capital had a return on equity of 15.87% and a net margin of 62.84%. The company had revenue of $135.69 million during the quarter, compared to the consensus estimate of $144.11 million. During the same period last year, the company earned $0.49 earnings per share. Sell-side analysts predict that Hercules Capital, Inc. will post 1.95 earnings per share for the current year.

Hercules Capital Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, November 17th. Investors of record on Tuesday, November 10th will be paid a dividend of $0.07 per share. The ex-dividend date of this dividend is Tuesday, November 10th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.7%. This is a drop from Hercules Capital’s previous quarterly dividend of $0.40. Hercules Capital’s dividend payout ratio is presently 79.60%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the stock. Weiss Ratings raised shares of Hercules Capital from a “hold (c)” rating to a “hold (c+)” rating in a report on Wednesday. UBS Group upgraded shares of Hercules Capital from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $15.50 to $18.50 in a research report on Tuesday, September 1st. Finally, LADENBURG THALM/SH SH decreased their price target on shares of Hercules Capital from $21.00 to $20.00 and set a “buy” rating on the stock in a research note on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $18.89.

Hercules Capital Profile

Hercules Capital, Inc is a business development company and specialty finance firm that provides debt financing to innovative, growth-oriented companies. The company focuses primarily on venture capital-backed businesses in the technology, life sciences, and sustainable and specialty technology sectors.

Hercules Capital offers secured loans and other forms of growth capital designed to support companies through various stages of development, including expansion, acquisitions, recapitalizations, and initial public offerings.