FourThought Financial Partners LLC purchased a new position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The firm purchased 15,190 shares of the financial services provider's stock, valued at approximately $305,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Avior Wealth Management LLC boosted its position in shares of Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after purchasing an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC lifted its holdings in Hercules Capital by 59,650.0% during the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider's stock worth $47,000 after acquiring an additional 2,386 shares in the last quarter. Archer Investment Corp lifted its holdings in Hercules Capital by 345.4% during the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock worth $47,000 after acquiring an additional 1,803 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its holdings in Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider's stock worth $80,000 after acquiring an additional 1,279 shares in the last quarter. Finally, Nisa Investment Advisors LLC bought a new position in Hercules Capital during the third quarter worth about $114,000. 19.69% of the stock is currently owned by institutional investors.
Hercules Capital Stock Up 1.7 %
Shares of HTGC traded up $0.36 during midday trading on Friday, hitting $20.91. The stock had a trading volume of 817,111 shares, compared to its average volume of 970,590. The company has a 50 day simple moving average of $20.64 and a two-hundred day simple moving average of $19.75. Hercules Capital, Inc. has a twelve month low of $16.95 and a twelve month high of $22.04. The firm has a market cap of $3.62 billion, a price-to-earnings ratio of 12.98 and a beta of 1.35. 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 (NYSE:HTGC - Get Free Report) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate 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 for the quarter, compared to the consensus estimate of $124.09 million. On average, analysts anticipate 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 will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 8.99%. The ex-dividend date is Wednesday, February 26th. Hercules Capital's dividend payout ratio is currently 99.38%.
Analyst Upgrades and Downgrades
Several research analysts have weighed in on the company. JMP Securities reiterated a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. Keefe, Bruyette & Woods upgraded Hercules Capital from a "market perform" rating to an "outperform" rating and lifted their target price for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, Compass Point lifted their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $21.40.
Read Our Latest Research Report on HTGC
Hercules Capital Profile
(
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.
Recommended Stories
Before you consider Hercules Capital, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Hercules Capital wasn't on the list.
While Hercules Capital currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Get this report to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
