Prevail Innovative Wealth Advisors LLC Sells 94,699 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Prevail Innovative Wealth Advisors LLC trimmed its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 61.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 60,513 shares of the financial services provider's stock after selling 94,699 shares during the quarter. Prevail Innovative Wealth Advisors LLC's holdings in Hercules Capital were worth $1,216,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the business. DnB Asset Management AS grew its holdings in shares of Hercules Capital by 9.9% in the 4th quarter. DnB Asset Management AS now owns 153,965 shares of the financial services provider's stock worth $3,093,000 after acquiring an additional 13,859 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Hercules Capital by 301.1% in the 4th quarter. Nomura Asset Management Co. Ltd. now owns 16,388 shares of the financial services provider's stock worth $329,000 after purchasing an additional 12,302 shares in the last quarter. JPMorgan Chase & Co. raised its holdings in Hercules Capital by 51.2% during the 4th quarter. JPMorgan Chase & Co. now owns 443,114 shares of the financial services provider's stock worth $8,902,000 after buying an additional 150,136 shares during the period. Modern Wealth Management LLC lifted its stake in Hercules Capital by 8.0% during the fourth quarter. Modern Wealth Management LLC now owns 14,036 shares of the financial services provider's stock valued at $290,000 after buying an additional 1,042 shares in the last quarter. Finally, Quantbot Technologies LP increased its position in shares of Hercules Capital by 224.3% in the fourth quarter. Quantbot Technologies LP now owns 109,791 shares of the financial services provider's stock worth $2,206,000 after acquiring an additional 75,939 shares in the last quarter. Institutional investors own 19.69% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on HTGC shares. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a research note on Friday, February 14th. Keefe, Bruyette & Woods raised Hercules Capital from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, Compass Point raised their price objective on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.40.

Hercules Capital Stock Down 2.2 %

HTGC stock traded down $0.42 during mid-day trading on Thursday, hitting $18.64. The stock had a trading volume of 1,363,087 shares, compared to its average volume of 1,010,123. Hercules Capital, Inc. has a 1-year low of $16.95 and a 1-year high of $22.04. The company has a fifty day moving average of $20.14 and a 200 day moving average of $19.82. 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 stock has a market capitalization of $3.23 billion, a price-to-earnings ratio of 11.58 and a beta of 1.13.

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

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.47 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 10.09%. 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.