Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by Left Brain Wealth Management LLC

Left Brain Wealth Management LLC raised its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 32.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 275,876 shares of the financial services provider’s stock after purchasing an additional 67,215 shares during the quarter. Hercules Capital comprises approximately 2.1% of Left Brain Wealth Management LLC’s portfolio, making the stock its 14th largest holding. Left Brain Wealth Management LLC owned about 0.17% of Hercules Capital worth $5,542,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HTGC. Van ECK Associates Corp increased its stake in Hercules Capital by 10.4% in the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock valued at $69,078,000 after purchasing an additional 323,028 shares during the period. Strategic Financial Concepts LLC increased its stake in Hercules Capital by 1,909.0% in the fourth quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider’s stock valued at $6,579,000 after purchasing an additional 311,167 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Hercules Capital in the fourth quarter valued at $3,281,000. Golden State Wealth Management LLC acquired a new position in Hercules Capital in the 4th quarter valued at $2,324,000. Finally, Franklin Resources Inc. increased its stake in Hercules Capital by 28.0% in the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock valued at $7,667,000 after buying an additional 84,780 shares during the period. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Stock Performance

NYSE:HTGC opened at $18.03 on Friday. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. Hercules Capital, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $22.04. The stock has a market cap of $3.12 billion, a PE ratio of 11.20 and a beta of 1.38. The firm’s fifty day simple moving average is $20.50 and its 200-day simple moving average is $19.80.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The business had revenue of $121.78 million for the quarter, compared to analysts’ expectations of $124.09 million. Analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 10.43%. The ex-dividend date of this dividend was Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is 99.38%.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a research note on Friday, February 14th. Compass Point boosted their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods raised shares of 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Hercules Capital has an average rating of “Moderate Buy” and a consensus price target 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.