Global Retirement Partners LLC Sells 8,531 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Global Retirement Partners LLC lessened its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 14.2% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 51,340 shares of the financial services provider’s stock after selling 8,531 shares during the quarter. Global Retirement Partners LLC’s holdings in Hercules Capital were worth $1,031,000 at the end of the most recent quarter.

A number of other institutional investors also recently bought and sold shares of the stock. International Assets Investment Management LLC raised its stake in shares of Hercules Capital by 1,861.8% in the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock valued at $79,960,000 after acquiring an additional 386,367 shares during the period. Van ECK Associates Corp grew its holdings in Hercules Capital by 10.4% during 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 purchasing an additional 323,028 shares during the last quarter. Strategic Financial Concepts LLC raised its position in Hercules Capital by 1,909.0% in the 4th quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider’s stock worth $6,579,000 after purchasing an additional 311,167 shares during the period. Golden State Wealth Management LLC purchased a new stake in Hercules Capital in the 4th quarter worth about $2,324,000. Finally, Franklin Resources Inc. lifted its stake in Hercules Capital by 28.0% in the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after purchasing an additional 84,780 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on HTGC shares. Wells Fargo & Company increased their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Compass Point increased their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday. JMP Securities reissued a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. Finally, Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and raised their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $21.40.

Hercules Capital Trading Down 1.0 %

HTGC opened at $21.50 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. The stock’s fifty day moving average is $20.46 and its two-hundred day moving average is $19.67. The company has a market capitalization of $3.72 billion, a P/E ratio of 13.35 and a beta of 1.35. Hercules Capital, Inc. has a 52 week low of $16.95 and a 52 week high of $22.04.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The firm had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th will be given a $0.47 dividend. The ex-dividend date is Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 8.75%. Hercules Capital’s payout ratio is presently 99.38%.

Hercules Capital 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.