Wells Fargo & Company MN grew its stake in Hercules Capital Inc (NYSE:HTGC) by 9.0% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,505,802 shares of the financial services provider’s stock after buying an additional 124,230 shares during the period. Wells Fargo & Company MN owned approximately 1.79% of Hercules Capital worth $19,757,000 as of its most recent SEC filing.
Several other large investors also recently made changes to their positions in HTGC. JPMorgan Chase & Co. lifted its position in shares of Hercules Capital by 74.6% in the third quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock worth $116,000 after buying an additional 3,891 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Hercules Capital by 29.8% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 2,034 shares during the last quarter. First National Bank of Mount Dora Trust Investment Services acquired a new position in shares of Hercules Capital during the 4th quarter worth about $131,000. Global X MANAGEMENT CO LLC lifted its position in shares of Hercules Capital by 58.1% during the 3rd quarter. Global X MANAGEMENT CO LLC now owns 14,538 shares of the financial services provider’s stock worth $188,000 after purchasing an additional 5,342 shares during the last quarter. Finally, Cubist Systematic Strategies LLC acquired a new position in shares of Hercules Capital during the 3rd quarter worth about $302,000. 39.95% of the stock is owned by institutional investors.
Several research firms recently weighed in on HTGC. Sandler O’Neill reissued a “hold” rating and set a $14.00 price objective on shares of Hercules Capital in a research report on Wednesday, January 10th. B. Riley set a $15.00 price objective on Hercules Capital and gave the stock a “buy” rating in a research report on Monday, March 5th. Wedbush raised Hercules Capital from a “neutral” rating to an “outperform” rating and set a $13.75 price target for the company in a report on Wednesday, February 7th. Zacks Investment Research cut Hercules Capital from a “buy” rating to a “hold” rating in a report on Tuesday, January 16th. Finally, ValuEngine raised Hercules Capital from a “hold” rating to a “buy” rating in a report on Friday, December 1st. Five research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $14.48.
HTGC stock traded up $0.13 during midday trading on Friday, reaching $12.03. The company had a trading volume of 372,681 shares, compared to its average volume of 380,810. The company has a market cap of $1,025.22, a price-to-earnings ratio of 12.66, a PEG ratio of 1.93 and a beta of 0.76. Hercules Capital Inc has a 1-year low of $11.55 and a 1-year high of $15.68. The company has a debt-to-equity ratio of 0.94, a quick ratio of 3.99 and a current ratio of 3.99.
Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, February 22nd. The financial services provider reported $0.29 EPS for the quarter, hitting the Zacks’ consensus estimate of $0.29. The business had revenue of $50.20 million for the quarter, compared to analyst estimates of $48.29 million. Hercules Capital had a return on equity of 11.68% and a net margin of 41.39%. Hercules Capital’s revenue for the quarter was up 5.7% on a year-over-year basis. During the same period in the prior year, the company earned $0.35 EPS. research analysts anticipate that Hercules Capital Inc will post 1.25 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Monday, March 12th. Investors of record on Monday, March 5th were given a dividend of $0.31 per share. The ex-dividend date of this dividend was Friday, March 2nd. This represents a $1.24 dividend on an annualized basis and a yield of 10.31%. Hercules Capital’s dividend payout ratio (DPR) is presently 130.53%.
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Hercules Capital 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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