Left Brain Wealth Management LLC Increases Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Left Brain Wealth Management LLC boosted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 32.2% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 275,876 shares of the financial services provider's stock after purchasing an additional 67,215 shares during the period. Hercules Capital comprises about 2.1% of Left Brain Wealth Management LLC's investment portfolio, making the stock its 14th biggest position. Left Brain Wealth Management LLC owned approximately 0.17% of Hercules Capital worth $5,542,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after acquiring an additional 1,152 shares during the period. Farther Finance Advisors LLC raised 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 valued at $47,000 after acquiring an additional 2,386 shares during the period. Archer Investment Corp raised 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 valued at $47,000 after acquiring an additional 1,803 shares during the period. Nomura Asset Management Co. Ltd. raised 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 valued at $80,000 after acquiring an additional 1,279 shares during the period. Finally, Jones Financial Companies Lllp raised its holdings in Hercules Capital by 199.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider's stock valued at $81,000 after acquiring an additional 2,693 shares during the period. 19.69% of the stock is owned by institutional investors.

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Hercules Capital Trading Up 0.5 %

NYSE HTGC traded up $0.10 during trading hours on Tuesday, hitting $18.94. 699,923 shares of the company were exchanged, compared to its average volume of 999,182. The stock has a 50-day moving average price of $20.40 and a 200 day moving average price of $19.80. 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, Inc. has a 52 week low of $16.95 and a 52 week high of $22.04. The stock has a market cap of $3.28 billion, a PE ratio of 11.76 and a beta of 1.38.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The company had revenue of $121.78 million for the quarter, compared to analysts' expectations of $124.09 million. Analysts forecast 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. 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 annualized dividend and a yield of 9.93%. Hercules Capital's payout ratio is currently 99.38%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Keefe, Bruyette & Woods raised 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. 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. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Hercules Capital has a consensus rating of "Moderate Buy" and a consensus target price of $21.40.

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.