Oppenheimer & Co. Inc. Acquires Shares of 15,866 Hercules Capital, Inc. (NYSE:HTGC)

Oppenheimer & Co. Inc. purchased a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 15,866 shares of the financial services provider's stock, valued at approximately $319,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Van ECK Associates Corp increased its position in shares of Hercules Capital by 10.4% in the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider's stock worth $69,078,000 after purchasing an additional 323,028 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Hercules Capital by 2.8% in the fourth quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider's stock worth $56,558,000 after purchasing an additional 77,869 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in Hercules Capital by 14.0% in the fourth quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider's stock valued at $9,921,000 after acquiring an additional 60,776 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its holdings in Hercules Capital by 10.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 442,767 shares of the financial services provider's stock valued at $8,895,000 after acquiring an additional 41,634 shares in the last quarter. Finally, Muzinich & Co. Inc. boosted its holdings in Hercules Capital by 9.9% in the third quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider's stock valued at $8,020,000 after acquiring an additional 36,886 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

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Analysts Set New Price Targets

HTGC has been the subject of several recent research reports. 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. Compass Point boosted their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, JMP Securities reissued a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $21.40.

Hercules Capital Stock Performance

Shares of Hercules Capital stock traded up $0.43 during trading hours on Friday, reaching $18.89. 2,033,744 shares of the stock traded hands, compared to its average volume of 977,853. The company has a 50 day moving average price of $20.61 and a 200 day moving average price of $19.80. The firm has a market capitalization of $3.27 billion, a price-to-earnings ratio of 11.73 and a beta of 1.38. Hercules Capital, Inc. has a one year low of $16.95 and a one year high of $22.04. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89.

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 (EPS) for the quarter, meeting analysts' consensus estimates of $0.49. The business had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. On average, equities research analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were paid a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.95%. Hercules Capital's dividend payout ratio (DPR) is presently 99.38%.

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.