Hercules Capital, Inc. (NYSE:HTGC) Holdings Trimmed by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lowered its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 3.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 577,158 shares of the financial services provider’s stock after selling 20,549 shares during the period. Hercules Capital makes up 2.0% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 5th biggest position. Gilman Hill Asset Management LLC’s holdings in Hercules Capital were worth $11,595,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of HTGC. Tectonic Advisors LLC grew its position in Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after purchasing an additional 62,826 shares in the last quarter. Mackenzie Financial Corp boosted its stake in shares of Hercules Capital by 77.0% during the 2nd quarter. Mackenzie Financial Corp now owns 31,632 shares of the financial services provider’s stock valued at $647,000 after buying an additional 13,765 shares during the period. BNP Paribas Financial Markets grew its holdings in shares of Hercules Capital by 511.2% during the 3rd quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock valued at $1,042,000 after acquiring an additional 44,386 shares in the last quarter. Advisors Asset Management Inc. increased its stake in shares of Hercules Capital by 9.3% in the third quarter. Advisors Asset Management Inc. now owns 406,985 shares of the financial services provider’s stock worth $7,993,000 after acquiring an additional 34,718 shares during the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Hercules Capital by 28.0% during the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after acquiring an additional 84,780 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have weighed in on HTGC. Wells Fargo & Company upped 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. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a research report on Monday, January 6th.

Hercules Capital Stock Performance

Shares of NYSE HTGC opened at $20.75 on Monday. The business’s 50-day simple moving average is $19.48 and its 200-day simple moving average is $19.63. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. Hercules Capital, Inc. has a 52 week low of $16.72 and a 52 week high of $21.78. The firm has a market cap of $3.37 billion, a price-to-earnings ratio of 10.27 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same quarter last year, the firm posted $0.52 earnings per share. As a group, equities research analysts expect that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.26%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s dividend payout ratio (DPR) is 79.21%.

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.