Hercules Capital, Inc. (NYSE:HTGC) Holdings Raised by Prosperity Consulting Group LLC

Prosperity Consulting Group LLC increased its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 10.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,406 shares of the financial services provider’s stock after acquiring an additional 1,239 shares during the period. Prosperity Consulting Group LLC’s holdings in Hercules Capital were worth $269,000 at the end of the most recent quarter.

A number of other hedge funds have also recently bought and sold shares of HTGC. Morse Asset Management Inc grew its holdings in Hercules Capital by 1.7% during the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 600 shares during the period. Virtu Financial LLC grew its holdings in Hercules Capital by 97.5% during the third quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 9,517 shares during the period. Tidal Investments LLC grew its holdings in Hercules Capital by 8.1% during the third quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider’s stock worth $1,498,000 after acquiring an additional 5,704 shares during the period. Franklin Resources Inc. grew its holdings in Hercules Capital by 28.0% during the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after acquiring an additional 84,780 shares during the period. Finally, Confluence Investment Management LLC increased its stake in 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 worth $7,678,000 after purchasing an additional 1,711 shares in the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Hercules Capital Stock Up 0.9 %

HTGC stock opened at $18.08 on Tuesday. Hercules Capital, Inc. has a 12-month low of $15.65 and a 12-month high of $22.04. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The company has a market cap of $3.17 billion, a price-to-earnings ratio of 11.23 and a beta of 1.13. The company has a 50 day moving average of $18.64 and a two-hundred day moving average of $19.48.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) 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 company had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million. On average, equities analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal 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 given a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 10.40%. Hercules Capital’s payout ratio is 99.38%.

Analyst Ratings Changes

A number of research firms have commented on HTGC. Compass Point upped 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. Wells Fargo & Company reduced their price target on shares of Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday. JMP Securities restated a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research report 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 for the company in a research report on Tuesday, April 8th. Finally, Piper Sandler reduced their price target 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, April 8th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $19.92.

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.