Hercules Capital, Inc. (NYSE:HTGC) Shares Acquired by Melia Wealth LLC

Melia Wealth LLC raised its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 760,359 shares of the financial services provider’s stock after buying an additional 16,786 shares during the quarter. Hercules Capital accounts for approximately 8.0% of Melia Wealth LLC’s holdings, making the stock its 5th biggest holding. Melia Wealth LLC owned approximately 0.47% of Hercules Capital worth $15,276,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Van ECK Associates Corp boosted its stake in Hercules Capital by 10.4% in the 4th quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock valued at $69,078,000 after buying an additional 323,028 shares in the last quarter. Strategic Financial Concepts LLC lifted its holdings in Hercules Capital by 1,909.0% during the 4th 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 last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in Hercules Capital in the fourth quarter valued at about $3,281,000. JPMorgan Chase & Co. increased its holdings in shares of Hercules Capital by 51.2% during the fourth quarter. JPMorgan Chase & Co. now owns 443,114 shares of the financial services provider’s stock worth $8,902,000 after buying an additional 150,136 shares in the last quarter. Finally, Golden State Wealth Management LLC bought a new position in shares of Hercules Capital in the fourth quarter valued at approximately $2,324,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Compass Point increased their price target on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. JMP Securities restated a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. Keefe, Bruyette & Woods reduced their price target on shares of Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a research report on Tuesday. Finally, Piper Sandler lowered their price objective on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a research report on Tuesday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.70.

Hercules Capital Stock Down 0.1 %

Shares of NYSE HTGC opened at $16.82 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. The firm has a market capitalization of $2.91 billion, a PE ratio of 10.45 and a beta of 1.13. The firm’s 50-day moving average is $19.43 and its 200-day moving average is $19.66. Hercules Capital, Inc. has a 1 year low of $15.65 and a 1 year high of $22.04.

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

Hercules Capital Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were paid a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 11.18%. The ex-dividend date of this dividend was Wednesday, February 26th. Hercules Capital’s payout ratio 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.