Sound Income Strategies LLC boosted its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 2.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,815,214 shares of the financial services provider's stock after buying an additional 77,869 shares during the quarter. Hercules Capital makes up approximately 3.5% of Sound Income Strategies LLC's portfolio, making the stock its biggest position. Sound Income Strategies LLC owned about 1.73% of Hercules Capital worth $56,558,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. Cornerstone Wealth Management LLC boosted its holdings in Hercules Capital by 7.9% during the 4th quarter. Cornerstone Wealth Management LLC now owns 21,441 shares of the financial services provider's stock valued at $431,000 after acquiring an additional 1,568 shares during the period. Avior Wealth Management LLC boosted its stake in shares of Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after purchasing an additional 1,152 shares during the period. Mirador Capital Partners LP grew its holdings in shares of Hercules Capital by 7.1% in the fourth quarter. Mirador Capital Partners LP now owns 43,077 shares of the financial services provider's stock worth $865,000 after purchasing an additional 2,850 shares during the last quarter. Brookstone Capital Management increased its stake in shares of Hercules Capital by 90.4% in the fourth quarter. Brookstone Capital Management now owns 20,229 shares of the financial services provider's stock worth $406,000 after buying an additional 9,604 shares during the period. Finally, Graypoint LLC raised its holdings in Hercules Capital by 17.6% during the 4th quarter. Graypoint LLC now owns 164,903 shares of the financial services provider's stock valued at $3,313,000 after buying an additional 24,673 shares during the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
HTGC has been the topic of a number of recent analyst reports. Wells Fargo & Company lifted their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a research report on Monday, January 6th.
Check Out Our Latest Research Report on Hercules Capital
Hercules Capital Stock Performance
HTGC traded up $0.14 during midday trading on Friday, hitting $21.07. 774,935 shares of the company traded hands, compared to its average volume of 977,063. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The company's 50-day moving average is $19.59 and its 200 day moving average is $19.64. Hercules Capital, Inc. has a 52 week low of $16.72 and a 52 week high of $21.78. The firm has a market capitalization of $3.42 billion, a PE ratio of 10.43 and a beta of 1.35.
Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The company had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. During the same quarter in the previous year, the company posted $0.52 earnings per share. On average, research analysts expect that Hercules Capital, Inc. will post 2.01 EPS for the current year.
Hercules Capital Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.11%. The ex-dividend date was Wednesday, November 13th. Hercules Capital's payout ratio is 79.21%.
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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