TFG Advisers LLC Increases Position in Hercules Capital, Inc. (NYSE:HTGC)

TFG Advisers LLC boosted its stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 37.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 50,268 shares of the financial services provider's stock after acquiring an additional 13,614 shares during the period. TFG Advisers LLC's holdings in Hercules Capital were worth $1,010,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HTGC. Kathleen S. Wright Associates Inc. acquired a new position in Hercules Capital in the third quarter valued at $31,000. Avior Wealth Management LLC increased its stake in Hercules Capital by 177.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,152 shares during the period. Archer Investment Corp increased its stake in Hercules Capital by 345.4% in the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after purchasing an additional 1,803 shares during the period. Farther Finance Advisors LLC increased its stake in shares of 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 during the period. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of 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 during the period. 19.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

HTGC has been the topic of a number of recent analyst reports. Wells Fargo & Company boosted their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a "market perform" rating to an "outperform" rating and boosted their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, JMP Securities reiterated a "market outperform" rating and set a $22.00 price target on shares of Hercules Capital in a research note on Monday, January 6th.

Hercules Capital Price Performance

HTGC stock traded up $0.08 during trading on Wednesday, reaching $20.96. 688,866 shares of the company were exchanged, compared to its average volume of 869,667. The company has a market cap of $3.40 billion, a P/E ratio of 10.38 and a beta of 1.35. Hercules Capital, Inc. has a 52-week low of $16.95 and a 52-week high of $21.78. The stock's 50 day moving average price is $20.16 and its 200 day moving average price is $19.61. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date is Wednesday, February 26th. Hercules Capital's dividend payout ratio is currently 79.21%.

Hercules Capital 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.