Autumn Glory Partners LLC Increases Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Autumn Glory Partners LLC boosted its position in Hercules Capital, Inc. (NYSE:HTGC) by 41.4% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 20,500 shares of the financial services provider’s stock after purchasing an additional 6,000 shares during the period. Autumn Glory Partners LLC’s holdings in Hercules Capital were worth $412,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC boosted its position in Hercules Capital by 177.2% in the fourth 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 during the last quarter. Farther Finance Advisors LLC grew 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 acquiring an additional 2,386 shares during the period. Archer Investment Corp grew 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 acquiring an additional 1,803 shares during the period. Nomura Asset Management Co. Ltd. grew its stake in shares of Hercules Capital by 45.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock valued at $80,000 after acquiring an additional 1,279 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in shares of Hercules Capital during the 3rd quarter valued at approximately $114,000. 19.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on HTGC. JMP Securities reiterated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research note on Friday. Wells Fargo & Company boosted their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their price objective for the company from $19.50 to $21.50 in a research note on Thursday, December 12th.

Hercules Capital Stock Up 1.0 %

NYSE HTGC opened at $21.26 on Friday. The stock’s 50 day moving average is $20.24 and its 200 day moving average is $19.62. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. Hercules Capital, Inc. has a 12 month low of $16.95 and a 12 month high of $21.78. The stock has a market cap of $3.45 billion, a PE ratio of 10.53 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting analysts’ consensus estimates of $0.49. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. Research analysts predict that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.47 per share. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 8.84%. Hercules Capital’s dividend payout ratio (DPR) 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.