Wells Fargo & Company MN boosted its position in Hercules Capital Inc (NYSE:HTGC) by 9.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 1,505,802 shares of the financial services provider’s stock after purchasing an additional 124,230 shares during the quarter. Wells Fargo & Company MN’s holdings in Hercules Capital were worth $19,757,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in the business. The Manufacturers Life Insurance Company increased its holdings in shares of Hercules Capital by 29.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock valued at $117,000 after acquiring an additional 2,034 shares in the last quarter. JPMorgan Chase & Co. increased its holdings in shares of Hercules Capital by 74.6% during the third quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock valued at $116,000 after acquiring an additional 3,891 shares in the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Hercules Capital during the fourth quarter valued at about $131,000. Global X MANAGEMENT CO LLC increased its holdings in shares of Hercules Capital by 58.1% during the third quarter. Global X MANAGEMENT CO LLC now owns 14,538 shares of the financial services provider’s stock valued at $188,000 after acquiring an additional 5,342 shares in the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Hercules Capital during the third quarter valued at about $302,000. Institutional investors and hedge funds own 39.84% of the company’s stock.
Hercules Capital Inc (NYSE HTGC) opened at $12.25 on Friday. Hercules Capital Inc has a fifty-two week low of $11.55 and a fifty-two week high of $15.68. The company has a debt-to-equity ratio of 0.94, a current ratio of 3.99 and a quick ratio of 3.99. The firm has a market cap of $1,043.97, a P/E ratio of 10.47, a P/E/G ratio of 1.97 and a beta of 0.76.
Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.29 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.29. Hercules Capital had a net margin of 41.39% and a return on equity of 11.68%. The company had revenue of $50.20 million for the quarter, compared to the consensus estimate of $48.29 million. During the same quarter in the prior year, the company earned $0.35 EPS. Hercules Capital’s quarterly revenue was up 5.7% on a year-over-year basis. analysts expect that Hercules Capital Inc will post 1.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, March 12th. Investors of record on Monday, March 5th will be issued a $0.31 dividend. The ex-dividend date of this dividend is Friday, March 2nd. This represents a $1.24 annualized dividend and a yield of 10.12%. Hercules Capital’s dividend payout ratio (DPR) is presently 130.53%.
HTGC has been the topic of several recent analyst reports. ValuEngine upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Zacks Investment Research downgraded shares of Hercules Capital from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Ladenburg Thalmann Financial Services initiated coverage on shares of Hercules Capital in a report on Monday, November 20th. They set a “buy” rating and a $14.50 price objective on the stock. B. Riley set a $15.00 price objective on shares of Hercules Capital and gave the company a “buy” rating in a report on Monday, March 5th. Finally, Sandler O’Neill upgraded shares of Hercules Capital from a “hold” rating to a “buy” rating in a report on Tuesday, February 6th. Five analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Hercules Capital currently has a consensus rating of “Buy” and an average price target of $14.48.
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Hercules Capital Company Profile
Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.
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