Stephens Inc. AR acquired a new stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 12,050 shares of the financial services provider's stock, valued at approximately $242,000.
Several other hedge funds and other institutional investors have also made changes to their positions in HTGC. Avior Wealth Management LLC boosted its stake in shares of Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock valued at $36,000 after buying an additional 1,152 shares during the period. Farther Finance Advisors LLC lifted its stake 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 purchasing an additional 2,386 shares during the last quarter. Archer Investment Corp lifted its stake in Hercules Capital by 345.4% during the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock worth $47,000 after purchasing an additional 1,803 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider's stock worth $80,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Nisa Investment Advisors LLC purchased a new stake in Hercules Capital during the third quarter worth approximately $114,000. Hedge funds and other institutional investors own 19.69% of the company's stock.
Hercules Capital Stock Performance
Shares of HTGC stock traded down $0.31 during trading hours on Thursday, hitting $21.69. The stock had a trading volume of 1,309,679 shares, compared to its average volume of 959,459. The firm has a market capitalization of $3.76 billion, a PE ratio of 13.47 and a beta of 1.35. Hercules Capital, Inc. has a twelve month low of $16.95 and a twelve month high of $22.04. The stock's 50 day moving average is $20.37 and its 200 day moving average is $19.63. 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 posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting the consensus estimate 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%. As a group, research analysts forecast that Hercules Capital, Inc. will post 1.97 earnings per share for the current fiscal year.
Hercules Capital Cuts Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 8.67%. The ex-dividend date of this dividend is Wednesday, February 26th. Hercules Capital's dividend payout ratio (DPR) is presently 99.38%.
Analyst Ratings Changes
Several equities research analysts recently weighed in on HTGC shares. 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 note on Wednesday. JMP Securities restated a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. Keefe, Bruyette & Woods upgraded Hercules Capital from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company lifted their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $21.40.
View Our Latest Analysis on HTGC
Hercules Capital Company Profile
(
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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