Muzinich & Co. Inc. trimmed its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 16.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 633,143 shares of the financial services provider’s stock after selling 121,227 shares during the quarter. Hercules Capital comprises 5.8% of Muzinich & Co. Inc.’s investment portfolio, making the stock its 5th biggest holding. Muzinich & Co. Inc. owned 0.55% of Hercules Capital worth $10,801,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently bought and sold shares of the business. Van ECK Associates Corp lifted its position in Hercules Capital by 16.8% during the 2nd quarter. Van ECK Associates Corp now owns 1,370,718 shares of the financial services provider’s stock worth $23,384,000 after acquiring an additional 196,915 shares during the period. BlackRock Inc. raised its stake in shares of Hercules Capital by 10.0% during the 2nd quarter. BlackRock Inc. now owns 761,513 shares of the financial services provider’s stock worth $12,991,000 after buying an additional 69,002 shares in the last quarter. Stifel Financial Corp raised its stake in shares of Hercules Capital by 8.9% during the 2nd quarter. Stifel Financial Corp now owns 571,896 shares of the financial services provider’s stock worth $9,756,000 after buying an additional 46,569 shares in the last quarter. Northern Trust Corp raised its stake in shares of Hercules Capital by 5.1% during the 1st quarter. Northern Trust Corp now owns 442,944 shares of the financial services provider’s stock worth $7,100,000 after buying an additional 21,393 shares in the last quarter. Finally, UBS Group AG raised its stake in shares of Hercules Capital by 225.4% during the 1st quarter. UBS Group AG now owns 401,320 shares of the financial services provider’s stock worth $6,434,000 after buying an additional 277,987 shares in the last quarter. 27.22% of the stock is owned by institutional investors.
Shares of HTGC stock traded up $0.02 during trading hours on Thursday, reaching $17.29. 6,023 shares of the company’s stock were exchanged, compared to its average volume of 666,454. The company has a market cap of $2.00 billion, a P/E ratio of 5.98, a price-to-earnings-growth ratio of 0.51 and a beta of 1.55. The company’s 50 day moving average is $16.88 and its two-hundred day moving average is $17.02. Hercules Capital, Inc. has a 1 year low of $10.83 and a 1 year high of $17.75. The company has a debt-to-equity ratio of 0.87, a current ratio of 1.17 and a quick ratio of 1.17.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 18th. Investors of record on Wednesday, August 11th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 7.40%. The ex-dividend date of this dividend was Tuesday, August 10th. Hercules Capital’s payout ratio is currently 92.09%.
About Hercules Capital
Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company’s existing capital structure and map to its business objectives.
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