International Assets Investment Management LLC Sells 386,377 Shares of Hercules Capital, Inc. (NYSE:HTGC)

International Assets Investment Management LLC lessened its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 94.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 20,742 shares of the financial services provider's stock after selling 386,377 shares during the quarter. International Assets Investment Management LLC's holdings in Hercules Capital were worth $423,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the business. Wedbush Securities Inc. increased its position in shares of Hercules Capital by 3.8% during the second quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider's stock worth $321,000 after acquiring an additional 569 shares in the last quarter. Morse Asset Management Inc boosted its position in shares of Hercules Capital by 1.7% during the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider's stock worth $685,000 after buying an additional 600 shares during the period. Founders Financial Alliance LLC grew its holdings in shares of Hercules Capital by 2.3% during the second quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider's stock worth $573,000 after buying an additional 627 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of Hercules Capital by 2.7% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider's stock worth $540,000 after buying an additional 711 shares in the last quarter. Finally, Captrust Financial Advisors raised 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 and hedge funds own 19.69% of the company's stock.

Hercules Capital Stock Down 1.3 %

Shares of NYSE HTGC traded down $0.26 during trading hours on Friday, hitting $19.72. The company had a trading volume of 1,069,068 shares, compared to its average volume of 1,242,945. The stock has a market capitalization of $3.20 billion, a P/E ratio of 9.76 and a beta of 1.35. Hercules Capital, Inc. has a 1-year low of $16.72 and a 1-year high of $21.78. The firm's 50 day moving average is $19.40 and its 200-day moving average is $19.64. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94.

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

Hercules Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.74%. The ex-dividend date was Wednesday, November 13th. Hercules Capital's dividend payout ratio (DPR) is presently 79.21%.

Analysts Set New Price Targets

Several brokerages have recently weighed in on HTGC. Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and raised their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Wells Fargo & Company raised their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th. Finally, JMP Securities reissued a "market outperform" rating and set a $22.00 price target on shares of Hercules Capital in a research report on Monday, January 6th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.90.

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.