Border to Coast Pensions Partnership Ltd Buys 75,000 Shares of Hercules Capital, Inc. $HTGC

by · The Markets Daily

Border to Coast Pensions Partnership Ltd increased its stake in shares of Hercules Capital, Inc. (NYSE:HTGC – Free Report) by 18.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 475,000 shares of the financial services provider’s stock after purchasing an additional 75,000 shares during the quarter. Border to Coast Pensions Partnership Ltd’s holdings in Hercules Capital were worth $7,037,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Integrated Wealth Concepts LLC grew its stake in Hercules Capital by 5.9% in the first quarter. Integrated Wealth Concepts LLC now owns 17,241 shares of the financial services provider’s stock valued at $331,000 after purchasing an additional 959 shares during the last quarter. Empowered Funds LLC boosted its holdings in shares of Hercules Capital by 85.9% in the 1st quarter. Empowered Funds LLC now owns 22,854 shares of the financial services provider’s stock valued at $439,000 after buying an additional 10,559 shares in the last quarter. Focus Partners Wealth grew its position in shares of Hercules Capital by 26.0% in the 1st quarter. Focus Partners Wealth now owns 15,747 shares of the financial services provider’s stock worth $302,000 after buying an additional 3,250 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its position in shares of Hercules Capital by 81.8% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 4,780 shares of the financial services provider’s stock worth $87,000 after buying an additional 2,151 shares during the last quarter. Finally, Invesco Ltd. raised its stake in shares of Hercules Capital by 1.6% during the 2nd quarter. Invesco Ltd. now owns 78,951 shares of the financial services provider’s stock worth $1,443,000 after acquiring an additional 1,252 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Up 2.1%

HTGC stock opened at $15.56 on Friday. The stock has a market capitalization of $2.91 billion, a PE ratio of 8.79 and a beta of 0.80. Hercules Capital, Inc. has a 52 week low of $13.70 and a 52 week high of $19.67. The company has a quick ratio of 1.89, a current ratio of 1.89 and a debt-to-equity ratio of 1.14. The firm has a 50 day moving average of $15.61 and a 200 day moving average of $16.32.

Hercules Capital (NYSE:HTGC – Get Free Report) last issued its quarterly earnings results on Tuesday, May 5th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.01. The business had revenue of $134.94 million for the quarter, compared to analyst estimates of $141.39 million. Hercules Capital had a net margin of 59.85% and a return on equity of 16.05%. Hercules Capital’s revenue for the quarter was up 18.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.45 EPS. Sell-side analysts forecast that Hercules Capital, Inc. will post 1.93 earnings per share for the current year.

Hercules Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were paid a $0.07 dividend. The ex-dividend date was Thursday, May 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. Hercules Capital’s dividend payout ratio (DPR) is 90.40%.

Analyst Ratings Changes

A number of research firms recently commented on HTGC. Weiss Ratings reissued a “hold (c)” rating on shares of Hercules Capital in a research report on Wednesday, June 17th. Citizens Jmp reduced their price target on Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating on the stock in a research report on Wednesday, April 22nd. Keefe, Bruyette & Woods decreased their price objective on Hercules Capital from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Piper Sandler raised their price objective on Hercules Capital from $16.50 to $17.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 6th. Finally, UBS Group boosted their target price on Hercules Capital from $15.00 to $15.50 and gave the stock a “neutral” rating in a research note on Monday, May 18th. One analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $18.21.

Read Our Latest Stock Report on Hercules Capital

Hercules Capital Company Profile

(Free Report)

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.

See Also

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