Melia Wealth LLC Grows Position in Hercules Capital, Inc. (NYSE:HTGC)

Melia Wealth LLC raised its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 2.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 760,359 shares of the financial services provider's stock after buying an additional 16,786 shares during the period. Hercules Capital comprises 8.0% of Melia Wealth LLC's portfolio, making the stock its 5th biggest position. Melia Wealth LLC owned about 0.47% of Hercules Capital worth $15,276,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Rockefeller Capital Management L.P. grew its holdings in Hercules Capital by 0.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 138,364 shares of the financial services provider's stock worth $2,780,000 after acquiring an additional 496 shares during the last quarter. Morse Asset Management Inc increased its holdings in shares of Hercules Capital by 1.7% in the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider's stock valued at $685,000 after purchasing an additional 600 shares in the last quarter. Naples Global Advisors LLC raised its position in Hercules Capital by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider's stock worth $1,251,000 after purchasing an additional 600 shares during the last quarter. Sand Hill Global Advisors LLC lifted its holdings in Hercules Capital by 2.5% during the 4th quarter. Sand Hill Global Advisors LLC now owns 27,417 shares of the financial services provider's stock worth $551,000 after buying an additional 665 shares in the last quarter. Finally, Captrust Financial Advisors boosted its position in Hercules Capital by 3.7% in the 3rd quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider's stock valued at $417,000 after buying an additional 763 shares during the last quarter. Institutional investors own 19.69% of the company's stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on HTGC shares. Keefe, Bruyette & Woods decreased their price target on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a report on Tuesday, April 8th. Piper Sandler dropped their price target on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. UBS Group lowered their target price on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday. Compass Point increased their price target on Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Finally, JMP Securities reiterated a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a report on Friday, February 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $20.25.

Hercules Capital Trading Up 1.9 %

NYSE:HTGC traded up $0.32 on Thursday, reaching $17.55. The company's stock had a trading volume of 449,070 shares, compared to its average volume of 1,052,249. The firm has a market cap of $3.04 billion, a PE ratio of 10.91 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The business's 50-day moving average price is $19.21 and its two-hundred day moving average price is $19.61. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (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 business had revenue of $121.78 million during the quarter, compared to analysts' expectations of $124.09 million. Equities research analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were given 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 10.71%. Hercules Capital's dividend payout ratio is currently 99.38%.

About Hercules Capital

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.