Dakota Wealth Management Has $778,000 Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Dakota Wealth Management lowered its stake in Hercules Capital, Inc. (NYSE:HTGC) by 1.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 38,727 shares of the financial services provider’s stock after selling 650 shares during the period. Dakota Wealth Management’s holdings in Hercules Capital were worth $778,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirador Capital Partners LP raised its position in shares of Hercules Capital by 7.1% in the 4th quarter. Mirador Capital Partners LP now owns 43,077 shares of the financial services provider’s stock valued at $865,000 after buying an additional 2,850 shares in the last quarter. Brookstone Capital Management raised its position in Hercules Capital by 90.4% during the fourth quarter. Brookstone Capital Management now owns 20,229 shares of the financial services provider’s stock valued at $406,000 after purchasing an additional 9,604 shares in the last quarter. Graypoint LLC lifted its stake in Hercules Capital by 17.6% during the fourth quarter. Graypoint LLC now owns 164,903 shares of the financial services provider’s stock worth $3,313,000 after purchasing an additional 24,673 shares during the last quarter. Confluence Investment Management LLC boosted its holdings in shares of Hercules Capital by 0.4% in the 4th quarter. Confluence Investment Management LLC now owns 382,163 shares of the financial services provider’s stock valued at $7,678,000 after purchasing an additional 1,711 shares in the last quarter. Finally, Franklin Resources Inc. raised its holdings in shares of Hercules Capital by 28.0% during the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after buying an additional 84,780 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on HTGC shares. Keefe, Bruyette & Woods raised 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 note on Thursday, December 12th. Wells Fargo & Company raised their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, JMP Securities reiterated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research report on Monday, January 6th.

Hercules Capital Price Performance

Shares of HTGC opened at $21.07 on Friday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The stock has a market cap of $3.42 billion, a PE ratio of 10.43 and a beta of 1.35. Hercules Capital, Inc. has a 12-month low of $16.72 and a 12-month high of $21.78. The business has a 50-day simple moving average of $19.63 and a two-hundred day simple moving average of $19.64.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The business had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. During the same quarter last year, the business earned $0.52 EPS. Analysts anticipate that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a $0.48 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 9.11%. Hercules Capital’s dividend payout ratio is 79.21%.

Hercules Capital Company Profile

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.