Muzinich & Co. Inc. increased its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 10.2% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 449,996 shares of the financial services provider's stock after purchasing an additional 41,634 shares during the quarter. Hercules Capital makes up about 5.7% of Muzinich & Co. Inc.'s investment portfolio, making the stock its 6th biggest holding. Muzinich & Co. Inc. owned 0.28% of Hercules Capital worth $9,040,000 at the end of the most recent quarter.
A number of other hedge funds have also added to or reduced their stakes in the business. Avior Wealth Management LLC increased its position in shares of Hercules Capital by 177.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after purchasing an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC increased 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 worth $47,000 after buying an additional 2,386 shares during the last quarter. Archer Investment Corp lifted 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 acquiring an additional 1,803 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Hercules Capital by 45.6% in 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 last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Hercules Capital during the 3rd quarter worth about $114,000. Institutional investors own 19.69% of the company's stock.
Hercules Capital Stock Performance
Hercules Capital stock traded down $0.32 during trading hours on Monday, hitting $20.59. The company had a trading volume of 951,752 shares, compared to its average volume of 955,914. Hercules Capital, Inc. has a one year low of $16.95 and a one year high of $22.04. The firm has a market cap of $3.57 billion, a PE ratio of 12.79 and a beta of 1.35. The firm has a 50-day moving average of $20.64 and a 200 day moving average of $19.78. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72.
Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings results 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 business had revenue of $121.78 million during the quarter, compared to analysts' expectations of $124.09 million. On average, sell-side analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.
Hercules Capital Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 9.13%. Hercules Capital's dividend payout ratio (DPR) is presently 99.38%.
Analyst Upgrades and Downgrades
Several brokerages recently issued reports on HTGC. Compass Point raised their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research note on Wednesday, February 19th. Keefe, Bruyette & Woods raised Hercules Capital from a "market perform" rating to an "outperform" rating and raised their price objective for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, JMP Securities reissued a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $21.40.
Get Our Latest Analysis on Hercules Capital
About Hercules Capital
(
Free Report)
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.
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