Hercules Capital, Inc. (NYSE:HTGC) is Muzinich & Co. Inc.’s 7th Largest Position

Muzinich & Co. Inc. increased its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 9.9% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 408,362 shares of the financial services provider’s stock after buying an additional 36,886 shares during the quarter. Hercules Capital accounts for 5.7% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 7th largest holding. Muzinich & Co. Inc.’s holdings in Hercules Capital were worth $8,020,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. US Bancorp DE boosted its holdings in Hercules Capital by 12.7% during the 1st quarter. US Bancorp DE now owns 45,465 shares of the financial services provider’s stock worth $839,000 after acquiring an additional 5,134 shares during the last quarter. ProShare Advisors LLC boosted its holdings in Hercules Capital by 15.3% during the first quarter. ProShare Advisors LLC now owns 20,869 shares of the financial services provider’s stock worth $385,000 after purchasing an additional 2,770 shares during the last quarter. Blair William & Co. IL grew its position in Hercules Capital by 1.1% in the 1st quarter. Blair William & Co. IL now owns 141,879 shares of the financial services provider’s stock worth $2,618,000 after purchasing an additional 1,500 shares in the last quarter. MAS Advisors LLC increased its stake in Hercules Capital by 72.8% in the 1st quarter. MAS Advisors LLC now owns 21,679 shares of the financial services provider’s stock valued at $400,000 after buying an additional 9,132 shares during the last quarter. Finally, Natixis lifted its position in shares of Hercules Capital by 20.3% during the 1st quarter. Natixis now owns 76,351 shares of the financial services provider’s stock worth $1,409,000 after buying an additional 12,878 shares in the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on HTGC. Wells Fargo & Company upped their target price on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. Piper Sandler raised their target price on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, JMP Securities lifted their target price on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. Three analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hercules Capital has an average rating of “Moderate Buy” and an average target price of $19.83.

Insider Activity

In related news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction that occurred on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value of $1,959,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. The trade was a 4.42 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company’s stock.

Hercules Capital Price Performance

Shares of NYSE HTGC opened at $18.92 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. The stock has a fifty day simple moving average of $19.64 and a two-hundred day simple moving average of $19.70. Hercules Capital, Inc. has a 1-year low of $15.14 and a 1-year high of $21.78. The firm has a market cap of $3.07 billion, a price-to-earnings ratio of 9.37 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The company had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. During the same quarter in the prior year, the company earned $0.52 EPS. Analysts anticipate that Hercules Capital, Inc. will post 2.02 earnings per share for the current year.

Hercules Capital Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.15%. The ex-dividend date of this dividend is Wednesday, November 13th. Hercules Capital’s dividend payout ratio (DPR) is currently 79.21%.

Hercules Capital 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.