289,421 Shares in Hercules Capital, Inc. (HTGC) Acquired by Advisors Asset Management Inc.

Advisors Asset Management Inc. acquired a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) during the second quarter, according to its most recent 13F filing with the SEC. The firm acquired 289,421 shares of the financial services provider’s stock, valued at approximately $3,832,000. Advisors Asset Management Inc. owned approximately 0.35% of Hercules Capital at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the stock. Global X Management Co. LLC boosted its stake in shares of Hercules Capital by 50.0% in the first quarter. Global X Management Co. LLC now owns 9,196 shares of the financial services provider’s stock worth $139,000 after buying an additional 3,067 shares during the last quarter. United Capital Financial Advisers LLC acquired a new stake in shares of Hercules Capital during the first quarter worth about $157,000. Eagle Global Advisors LLC acquired a new stake in shares of Hercules Capital during the second quarter worth about $154,000. HighTower Advisors LLC boosted its stake in shares of Hercules Capital by 0.6% in the first quarter. HighTower Advisors LLC now owns 12,093 shares of the financial services provider’s stock worth $183,000 after buying an additional 72 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in shares of Hercules Capital by 234.7% in the first quarter. Envestnet Asset Management Inc. now owns 12,400 shares of the financial services provider’s stock worth $188,000 after buying an additional 8,695 shares during the last quarter. Hedge funds and other institutional investors own 46.15% of the company’s stock.

Shares of Hercules Capital, Inc. (NYSE HTGC) opened at 12.53 on Friday. The company has a market cap of $1.04 billion, a PE ratio of 13.88 and a beta of 0.82. The company’s 50-day moving average is $13.19 and its 200 day moving average is $14.01. Hercules Capital, Inc. has a 52-week low of $12.29 and a 52-week high of $15.68.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, August 3rd. The financial services provider reported $0.31 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.31. The company had revenue of $48.45 million during the quarter, compared to the consensus estimate of $48.25 million. Hercules Capital had a return on equity of 12.93% and a net margin of 38.69%. Hercules Capital’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.32 EPS. On average, analysts anticipate that Hercules Capital, Inc. will post $1.17 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Monday, August 21st. Investors of record on Monday, August 14th will be given a $0.31 dividend. The ex-dividend date is Thursday, August 10th. This represents a $1.24 dividend on an annualized basis and a yield of 9.90%. Hercules Capital’s payout ratio is 134.78%.

A number of equities research analysts have recently issued reports on the stock. Zacks Investment Research raised shares of Hercules Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Jefferies Group LLC reissued a “buy” rating and issued a $16.00 target price on shares of Hercules Capital in a research report on Friday, May 12th. Keefe, Bruyette & Woods reissued an “outperform” rating and issued a $15.00 target price on shares of Hercules Capital in a research report on Tuesday, July 4th. Wunderlich reissued a “hold” rating on shares of Hercules Capital in a research report on Tuesday, May 16th. Finally, ValuEngine cut shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Two analysts have rated the stock with a sell rating, three have given a hold rating and six have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and an average target price of $15.21.

About Hercules Capital

Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.

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