Corient Private Wealth LLC Has $400,000 Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Corient Private Wealth LLC lowered its stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 47.3% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 19,894 shares of the financial services provider's stock after selling 17,885 shares during the period. Corient Private Wealth LLC's holdings in Hercules Capital were worth $400,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HTGC. Van ECK Associates Corp raised its holdings in Hercules Capital by 10.4% in the 4th quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider's stock valued at $69,078,000 after acquiring an additional 323,028 shares during the period. Strategic Financial Concepts LLC increased its stake in shares of Hercules Capital by 1,909.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider's stock worth $6,579,000 after purchasing an additional 311,167 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Hercules Capital during the 4th quarter worth approximately $3,281,000. Golden State Wealth Management LLC bought a new stake in Hercules Capital in the 4th quarter valued at $2,324,000. Finally, Franklin Resources Inc. grew its holdings in Hercules Capital by 28.0% in the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock valued at $7,667,000 after buying an additional 84,780 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Hercules Capital Price Performance

Shares of HTGC stock traded down $0.04 on Wednesday, hitting $19.06. 1,105,156 shares of the company's stock were exchanged, compared to its average volume of 1,008,534. The company has a 50 day moving average of $20.14 and a 200 day moving average of $19.82. The stock has a market cap of $3.30 billion, a P/E ratio of 11.84 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. Hercules Capital, Inc. has a 12 month low of $16.95 and a 12 month high of $22.04.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting analysts' consensus estimates of $0.49. The company had revenue of $121.78 million for the quarter, compared to the consensus estimate of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. On average, equities research analysts predict 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 dividend of $0.47 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.86%. Hercules Capital's payout ratio is presently 99.38%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. JMP Securities reissued a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. Compass Point boosted their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and raised their target price for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Hercules Capital has a consensus rating of "Moderate Buy" and a consensus price target of $21.40.

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.