Natixis Has $1.10 Million Position in Hercules Capital, Inc. (NYSE:HTGC)

Natixis cut its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 40.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 54,897 shares of the financial services provider's stock after selling 36,818 shares during the quarter. Natixis' holdings in Hercules Capital were worth $1,103,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Left Brain Wealth Management LLC boosted its stake in Hercules Capital by 32.2% during the 4th quarter. Left Brain Wealth Management LLC now owns 275,876 shares of the financial services provider's stock worth $5,542,000 after acquiring an additional 67,215 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Hercules Capital by 28.0% during the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock worth $7,667,000 after purchasing an additional 84,780 shares in the last quarter. Tectonic Advisors LLC grew its holdings in shares of Hercules Capital by 14.0% in the 4th quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider's stock valued at $9,921,000 after buying an additional 60,776 shares during the period. Magnetar Financial LLC bought a new stake in shares of Hercules Capital in the 4th quarter valued at $324,000. Finally, Sanctuary Advisors LLC raised its stake in Hercules Capital by 56.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider's stock worth $353,000 after buying an additional 6,792 shares during the period. Institutional investors and hedge funds own 19.69% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on HTGC shares. Piper Sandler decreased their target price on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Compass Point increased their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. UBS Group reduced their price target on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Keefe, Bruyette & Woods cut their price objective on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating on the stock in a research report on Tuesday, April 8th. Finally, JMP Securities restated a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a report on Friday, February 14th. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $20.25.

Hercules Capital Stock Up 1.1 %

Shares of HTGC stock opened at $17.61 on Thursday. The firm's fifty day moving average price is $18.86 and its two-hundred day moving average price is $19.53. Hercules Capital, Inc. has a 1 year low of $15.65 and a 1 year high of $22.04. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $3.09 billion, a P/E ratio of 10.94 and a beta of 1.13.

Hercules Capital (NYSE:HTGC - Get Free Report) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. On average, equities analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were issued a dividend of $0.47 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 10.68%. Hercules Capital's payout ratio is 99.38%.

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.

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