Hercules Capital, Inc. (NYSE:HTGC) Stake Trimmed by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lowered its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 3.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 577,158 shares of the financial services provider's stock after selling 20,549 shares during the period. Hercules Capital makes up 2.0% of Gilman Hill Asset Management LLC's portfolio, making the stock its 5th biggest position. Gilman Hill Asset Management LLC owned about 0.36% of Hercules Capital worth $11,595,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in HTGC. Kathleen S. Wright Associates Inc. acquired a new position in shares of Hercules Capital during the third quarter worth $31,000. Farther Finance Advisors LLC lifted its holdings in Hercules Capital by 59,650.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider's stock worth $47,000 after buying an additional 2,386 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Hercules Capital by 45.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider's stock valued at $80,000 after buying an additional 1,279 shares during the last quarter. Armstrong Advisory Group Inc. grew its stake in shares of Hercules Capital by 198.9% during the third quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider's stock valued at $106,000 after acquiring an additional 3,580 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in shares of Hercules Capital during the third quarter worth about $114,000. Hedge funds and other institutional investors own 19.69% of the company's stock.

Analyst Ratings Changes

A number of brokerages have weighed in on HTGC. Wells Fargo & Company raised their price objective on Hercules Capital from $20.00 to $21.00 and gave the company 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 lifted 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 objective on shares of Hercules Capital in a research note on Monday, January 6th.

Hercules Capital Stock Performance

HTGC traded up $0.08 during trading hours on Monday, hitting $20.75. 931,423 shares of the stock were exchanged, compared to its average volume of 854,137. The stock has a market cap of $3.37 billion, a price-to-earnings ratio of 10.27 and a beta of 1.35. Hercules Capital, Inc. has a 12 month low of $16.72 and a 12 month high of $21.78. The stock has a 50-day simple moving average of $19.48 and a 200-day simple moving average of $19.63. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61.

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

Hercules Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date of this dividend was Wednesday, November 13th. Hercules Capital's dividend payout ratio is presently 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.