Union Bancaire Privee UBP SA purchased a new position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 34,050 shares of the financial services provider's stock, valued at approximately $684,000.
Other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in 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 worth $36,000 after acquiring an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Hercules Capital by 59,650.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider's stock valued at $47,000 after buying an additional 2,386 shares in the last quarter. Archer Investment Corp lifted its stake in shares of Hercules Capital by 345.4% during the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,803 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its holdings in Hercules Capital by 45.6% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider's stock worth $80,000 after buying an additional 1,279 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in Hercules Capital during the 3rd quarter valued at $114,000. Institutional investors own 19.69% of the company's stock.
Wall Street Analyst Weigh In
HTGC has been the subject of a number of analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a report on Friday, February 14th. Keefe, Bruyette & Woods raised Hercules Capital from a "market perform" rating to an "outperform" rating and lifted their target price for the company from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, Compass Point upped their price target on Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a research report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $21.40.
Check Out Our Latest Research Report on Hercules Capital
Hercules Capital Price Performance
Hercules Capital stock traded up $0.36 during midday trading on Friday, hitting $20.91. 817,103 shares of the company's stock were exchanged, compared to its average volume of 970,589. The company has a market cap of $3.62 billion, a P/E ratio of 12.98 and a beta of 1.35. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The stock has a 50-day moving average price of $20.61 and a two-hundred day moving average price of $19.74. Hercules Capital, Inc. has a 52-week low of $16.95 and a 52-week high of $22.04.
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 (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. The firm had revenue of $121.78 million during the quarter, compared to analysts' expectations 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 forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.
Hercules Capital Cuts Dividend
The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 8.99%. The ex-dividend date is Wednesday, February 26th. Hercules Capital's payout ratio is currently 99.38%.
Hercules Capital Company Profile
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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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