Strategic Financial Concepts LLC raised its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 1,909.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 327,467 shares of the financial services provider's stock after acquiring an additional 311,167 shares during the period. Strategic Financial Concepts LLC owned approximately 0.20% of Hercules Capital worth $6,579,000 at the end of the most recent reporting period.
A number of other large investors also recently modified their holdings of HTGC. International Assets Investment Management LLC boosted its position in shares of Hercules Capital by 1,861.8% during the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider's stock valued at $79,960,000 after purchasing an additional 386,367 shares in the last quarter. Van ECK Associates Corp increased its position in Hercules Capital by 10.3% during the third quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider's stock valued at $61,873,000 after acquiring an additional 290,579 shares during the last quarter. Franklin Resources Inc. grew its holdings in Hercules Capital by 28.0% during the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock valued at $7,667,000 after purchasing an additional 84,780 shares during the period. Sound Income Strategies LLC boosted its stake 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 acquiring an additional 77,869 shares during the period. Finally, Tectonic Advisors LLC boosted its stake in shares of Hercules Capital by 17.0% in the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider's stock worth $8,505,000 after acquiring an additional 62,826 shares during the period. 19.69% of the stock is owned by hedge funds and other institutional investors.
Hercules Capital Trading Up 0.4 %
Shares of HTGC stock traded up $0.08 during trading on Wednesday, hitting $20.96. 688,866 shares of the stock traded hands, compared to its average volume of 869,667. The firm has a market capitalization of $3.40 billion, a P/E ratio of 10.38 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. The firm's fifty day moving average price is $20.12 and its 200-day moving average price is $19.60. Hercules Capital, Inc. has a 52-week low of $16.95 and a 52-week high of $21.78.
Hercules Capital Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 8.97%. Hercules Capital's payout ratio is currently 79.21%.
Analyst Upgrades and Downgrades
HTGC has been the topic of a number of research analyst reports. Wells Fargo & Company boosted their target price on Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. JMP Securities reaffirmed a "market outperform" rating and set a $22.00 target price on shares of Hercules Capital in a research report on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised Hercules Capital from a "market perform" rating to an "outperform" rating and raised their price objective for the stock from $19.50 to $21.50 in a research report on Thursday, December 12th.
Read Our Latest Stock Report on HTGC
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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