Hercules Capital, Inc. (NYSE:HTGC) Shares Purchased by JPMorgan Chase & Co.

JPMorgan Chase & Co. grew its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 51.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 443,114 shares of the financial services provider's stock after purchasing an additional 150,136 shares during the period. JPMorgan Chase & Co. owned approximately 0.27% of Hercules Capital worth $8,902,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in HTGC. Avior Wealth Management LLC lifted its holdings in Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after buying an additional 1,152 shares in the last quarter. Archer Investment Corp increased its position in shares of Hercules Capital by 345.4% during the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock worth $47,000 after acquiring an additional 1,803 shares during the last quarter. Jones Financial Companies Lllp lifted its stake in shares of Hercules Capital by 199.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider's stock worth $81,000 after acquiring an additional 2,693 shares in the last quarter. Signaturefd LLC boosted its holdings in Hercules Capital by 86.6% in the fourth quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider's stock valued at $133,000 after purchasing an additional 3,079 shares during the last quarter. Finally, Diversified Enterprises LLC acquired a new stake in Hercules Capital during the 4th quarter valued at approximately $207,000. 19.69% of the stock is owned by institutional investors and hedge funds.

Hercules Capital Stock Performance

Shares of HTGC traded up $0.30 during midday trading on Friday, hitting $17.53. 787,321 shares of the stock traded hands, compared to its average volume of 1,054,783. The business's 50 day moving average price is $19.15 and its two-hundred day moving average price is $19.59. The firm has a market capitalization of $3.08 billion, a PE ratio of 10.89 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. 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, meeting analysts' consensus estimates of $0.49. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The firm had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. Equities research analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.73%. The ex-dividend date was Wednesday, February 26th. Hercules Capital's dividend payout ratio is currently 99.38%.

Analysts Set New Price Targets

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

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.