Hercules Capital, Inc. (NYSE:HTGC) Shares Sold by Taylor Frigon Capital Management LLC

Taylor Frigon Capital Management LLC lowered its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 113,841 shares of the financial services provider’s stock after selling 1,955 shares during the quarter. Taylor Frigon Capital Management LLC owned approximately 0.07% of Hercules Capital worth $2,287,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in HTGC. Creative Planning boosted its position in Hercules Capital by 18.9% during the 3rd quarter. Creative Planning now owns 38,043 shares of the financial services provider’s stock valued at $747,000 after purchasing an additional 6,049 shares during the period. Mirae Asset Global Investments Co. Ltd. boosted its position in Hercules Capital by 2.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock valued at $540,000 after purchasing an additional 711 shares during the period. Wealth Enhancement Advisory Services LLC acquired a new position in Hercules Capital during the 3rd quarter valued at approximately $336,000. Nisa Investment Advisors LLC bought a new stake in Hercules Capital during the 3rd quarter valued at $114,000. Finally, Autumn Glory Partners LLC raised its stake in Hercules Capital by 38.1% during the 3rd quarter. Autumn Glory Partners LLC now owns 14,500 shares of the financial services provider’s stock valued at $285,000 after acquiring an additional 4,000 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Down 2.8 %

HTGC opened at $20.65 on Thursday. Hercules Capital, Inc. has a one year low of $16.95 and a one year high of $22.04. 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’s fifty day moving average is $20.58 and its 200-day moving average is $19.73. The company has a market capitalization of $3.57 billion, a PE ratio of 12.82 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data 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 17.19% and a net margin of 53.28%. The company had revenue of $121.78 million for the quarter, compared to the consensus estimate of $124.09 million. On average, equities analysts predict that Hercules Capital, Inc. will post 1.96 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 paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.11%. The ex-dividend date is Wednesday, February 26th. Hercules Capital’s dividend payout ratio is presently 99.38%.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on the company. Compass Point lifted their target price on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. 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 research note on Thursday, December 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Hercules Capital currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

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.