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

Border to Coast Pensions Partnership Ltd raised its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 18.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 475,000 shares of the financial services provider’s stock after buying an additional 75,000 shares during the period. Border to Coast Pensions Partnership Ltd owned about 0.26% of Hercules Capital worth $7,037,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of the business. KFG Wealth Management LLC bought a new stake in shares of Hercules Capital during the first quarter worth $206,000. Riverbridge Partners LLC bought a new position in shares of Hercules Capital in the first quarter worth about $1,339,000. Sovereign Financial Group Inc. bought a new position in shares of Hercules Capital in the first quarter worth about $159,000. Sankala Group LLC purchased a new position in Hercules Capital in the 4th quarter worth about $76,000. Finally, Invesco Ltd. increased its stake in Hercules Capital by 81.3% in the 4th quarter. Invesco Ltd. now owns 79,650 shares of the financial services provider’s stock worth $1,499,000 after buying an additional 35,722 shares during the period. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Performance

HTGC stock opened at $15.56 on Friday. Hercules Capital, Inc. has a 1-year low of $13.70 and a 1-year high of $19.67. The business has a 50-day moving average price of $15.61 and a 200 day moving average price of $16.32. The company has a market capitalization of $2.91 billion, a P/E ratio of 8.79 and a beta of 0.80. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.89 and a quick ratio of 1.89.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Tuesday, May 5th. The financial services provider reported $0.48 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.47 by $0.01. The company had revenue of $134.94 million for the quarter, compared to analysts’ expectations of $141.39 million. Hercules Capital had a net margin of 59.85% and a return on equity of 16.05%. The firm’s quarterly revenue was up 18.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.45 EPS. As a group, equities research analysts forecast that Hercules Capital, Inc. will post 1.93 EPS for the current fiscal year.

Hercules Capital Announces Dividend

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

Analyst Ratings Changes

Several equities research analysts have issued reports on HTGC shares. Piper Sandler boosted their price objective on shares of Hercules Capital from $16.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of Hercules Capital in a research report on Wednesday, June 17th. Citizens Jmp decreased their price target on shares of Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods lowered their price target on Hercules Capital from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. Finally, UBS Group increased their price objective 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 equities research analyst has rated the stock with a Strong Buy rating, four have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $18.21.

Hercules Capital Company Profile

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.