Chung Wu Investment Group LLC bought a new position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 15,178 shares of the financial services provider's stock, valued at approximately $305,000.
Several other institutional investors have also recently made changes to their positions in the company. Wealth Enhancement Advisory Services LLC bought a new stake in Hercules Capital in the 3rd quarter worth about $336,000. Nisa Investment Advisors LLC bought a new position in shares of Hercules Capital in the third quarter valued at approximately $114,000. Farther Finance Advisors LLC grew its holdings in shares of Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 2,386 shares in the last quarter. Chicago Partners Investment Group LLC grew its holdings in shares of Hercules Capital by 15.4% in the third quarter. Chicago Partners Investment Group LLC now owns 15,704 shares of the financial services provider's stock valued at $312,000 after acquiring an additional 2,101 shares in the last quarter. Finally, Janney Montgomery Scott LLC grew its stake in Hercules Capital by 2.2% in the 3rd quarter. Janney Montgomery Scott LLC now owns 303,858 shares of the financial services provider's stock valued at $5,968,000 after purchasing an additional 6,671 shares during the period. Institutional investors own 19.69% of the company's stock.
Hercules Capital Stock Performance
HTGC traded up $0.43 on Friday, hitting $18.89. The company's stock had a trading volume of 2,033,744 shares, compared to its average volume of 977,853. The company's 50 day simple moving average is $20.61 and its 200-day simple moving average is $19.81. The firm has a market cap of $3.27 billion, a P/E ratio of 11.73 and a beta of 1.38. Hercules Capital, Inc. has a 12 month low of $16.95 and a 12 month high of $22.04. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89.
Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting analysts' consensus estimates of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The firm had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. Analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current year.
Hercules Capital Cuts Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 annualized dividend and a yield of 9.95%. Hercules Capital's dividend payout ratio is currently 99.38%.
Wall Street Analysts Forecast Growth
A number of research analysts have issued reports on the company. JMP Securities restated a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and increased their target price for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, Compass Point increased their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $21.40.
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About Hercules Capital
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Free Report)
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.
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