Hennion & Walsh Asset Management Inc. Sells 23,876 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Hennion & Walsh Asset Management Inc. cut its stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 21.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 88,515 shares of the financial services provider's stock after selling 23,876 shares during the period. Hennion & Walsh Asset Management Inc. owned approximately 0.05% of Hercules Capital worth $1,778,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its stake in shares of Hercules Capital by 25.6% in the 2nd quarter. Envestnet Asset Management Inc. now owns 186,835 shares of the financial services provider's stock valued at $3,821,000 after purchasing an additional 38,131 shares during the last quarter. AE Wealth Management LLC boosted its holdings in shares of Hercules Capital by 18.9% during the 2nd quarter. AE Wealth Management LLC now owns 30,393 shares of the financial services provider's stock valued at $622,000 after acquiring an additional 4,825 shares in the last quarter. ProShare Advisors LLC grew its position in Hercules Capital by 13.9% during the 2nd quarter. ProShare Advisors LLC now owns 23,771 shares of the financial services provider's stock worth $486,000 after acquiring an additional 2,902 shares during the last quarter. Mount Yale Investment Advisors LLC raised its position in Hercules Capital by 1.8% in the second quarter. Mount Yale Investment Advisors LLC now owns 142,679 shares of the financial services provider's stock valued at $2,918,000 after purchasing an additional 2,589 shares during the last quarter. Finally, Magnetar Financial LLC acquired a new position in shares of Hercules Capital in the second quarter valued at approximately $717,000. Institutional investors and hedge funds own 19.69% of the company's stock.

Hercules Capital Trading Up 0.4 %

Hercules Capital stock traded up $0.08 during trading hours on Friday, reaching $20.75. 931,423 shares of the company's stock were exchanged, compared to its average volume of 854,137. The firm has a market capitalization of $3.37 billion, a PE ratio of 10.27 and a beta of 1.35. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The firm's 50 day simple moving average is $19.48 and its 200 day simple moving average is $19.64. Hercules Capital, Inc. has a twelve month low of $16.72 and a twelve month high of $21.78.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting analysts' consensus estimates of $0.51. The business had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same period in the previous year, the company posted $0.52 earnings per share. Research analysts predict that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.26%. The ex-dividend date was Wednesday, November 13th. Hercules Capital's dividend payout ratio is presently 79.21%.

Analyst Ratings Changes

Several brokerages have issued reports on HTGC. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a "market perform" rating to an "outperform" rating and upped their price target for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. JMP Securities reissued a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Monday, January 6th. Finally, Wells Fargo & Company lifted their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th.

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.