Magnetar Financial LLC Invests $717,000 in Hercules Capital, Inc. (NYSE:HTGC)

Magnetar Financial LLC purchased a new position in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 35,064 shares of the financial services provider’s stock, valued at approximately $717,000.

Other institutional investors and hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC purchased a new position in shares of Hercules Capital during the 2nd quarter worth $31,000. NBC Securities Inc. boosted its holdings in Hercules Capital by 154.8% in the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,594 shares during the period. Cape Investment Advisory Inc. bought a new position in Hercules Capital in the 4th quarter worth $56,000. Hexagon Capital Partners LLC boosted its holdings in Hercules Capital by 28.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after buying an additional 806 shares during the period. Finally, Security National Bank bought a new position in Hercules Capital in the 4th quarter worth $67,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Up 0.7 %

HTGC opened at $19.79 on Wednesday. The firm has a 50-day simple moving average of $19.40 and a two-hundred day simple moving average of $19.35. Hercules Capital, Inc. has a 52 week low of $15.02 and a 52 week high of $21.78. The company has a market capitalization of $3.21 billion, a PE ratio of 8.99 and a beta of 1.39. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. The business had revenue of $125.01 million during the quarter, compared to the consensus estimate of $124.99 million. During the same quarter in the prior year, the firm earned $0.53 EPS. Analysts forecast that Hercules Capital, Inc. will post 2.03 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.70%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s payout ratio is 72.73%.

Insider Activity at Hercules Capital

In other Hercules Capital news, Director Nikos Theodosopoulos purchased 1,608 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $18.03 per share, with a total value of $28,992.24. Following the acquisition, the director now owns 5,613 shares in the company, valued at $101,202.39. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 1.90% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. Piper Sandler upped their target price on shares of Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a report on Friday, August 2nd. JMP Securities upped their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Finally, Wells Fargo & Company upped their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $20.00.

Hercules Capital Company Profile

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.