48,602 Shares in Hercules Capital, Inc. (NYSE:HTGC) Acquired by Wealthfront Advisers LLC

Wealthfront Advisers LLC purchased a new position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 48,602 shares of the financial services provider's stock, valued at approximately $976,000.

Other hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC boosted its stake 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 purchasing an additional 1,152 shares in the last quarter. Archer Investment Corp raised its position in Hercules Capital by 345.4% in the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock worth $47,000 after buying an additional 1,803 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position 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 last quarter. Jones Financial Companies Lllp raised its position in Hercules Capital by 199.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider's stock worth $81,000 after buying an additional 2,693 shares during the last quarter. Finally, IFP Advisors Inc raised its position in Hercules Capital by 9.8% in the 4th quarter. IFP Advisors Inc now owns 10,943 shares of the financial services provider's stock worth $220,000 after buying an additional 974 shares during the last quarter. Institutional investors own 19.69% of the company's stock.

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Wall Street Analysts Forecast Growth

HTGC has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods raised 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 report on Thursday, December 12th. JMP Securities reissued a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. Finally, 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 report on Wednesday, February 19th. One 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 stock currently has an average rating of "Moderate Buy" and a consensus target price of $21.40.

Hercules Capital Stock Performance

Shares of NYSE HTGC traded up $0.03 during midday trading on Wednesday, hitting $18.97. 1,222,270 shares of the company's stock traded hands, compared to its average volume of 1,001,178. Hercules Capital, Inc. has a 1 year low of $16.95 and a 1 year high of $22.04. The stock has a market capitalization of $3.29 billion, a price-to-earnings ratio of 11.78 and a beta of 1.38. 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 firm has a fifty day moving average of $20.37 and a 200 day moving average of $19.80.

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

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 9.91%. The ex-dividend date was Wednesday, February 26th. Hercules Capital's dividend payout ratio is 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.