Jenkins Wealth Invests $1.05 Million in Hercules Capital, Inc. (NYSE:HTGC)

Jenkins Wealth bought a new position in shares of Hercules Capital, Inc. (NYSE:HTGC – Get Rating) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 79,227 shares of the financial services provider’s stock, valued at approximately $1,047,000. Jenkins Wealth owned 0.06% of Hercules Capital as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Arkadios Wealth Advisors increased its holdings in Hercules Capital by 115.5% during the fourth quarter. Arkadios Wealth Advisors now owns 52,276 shares of the financial services provider’s stock valued at $691,000 after buying an additional 28,017 shares during the period. Sound Income Strategies LLC increased its holdings in Hercules Capital by 10.7% during the fourth quarter. Sound Income Strategies LLC now owns 2,441,754 shares of the financial services provider’s stock valued at $32,280,000 after buying an additional 235,707 shares during the period. Bank of New York Mellon Corp increased its holdings in Hercules Capital by 346.5% during the third quarter. Bank of New York Mellon Corp now owns 53,807 shares of the financial services provider’s stock valued at $623,000 after buying an additional 41,757 shares during the period. Centaurus Financial Inc. increased its holdings in Hercules Capital by 76.7% during the third quarter. Centaurus Financial Inc. now owns 366,148 shares of the financial services provider’s stock valued at $4,240,000 after buying an additional 158,981 shares during the period. Finally, Toroso Investments LLC increased its holdings in Hercules Capital by 2.0% during the third quarter. Toroso Investments LLC now owns 44,524 shares of the financial services provider’s stock valued at $516,000 after buying an additional 873 shares during the period. 23.77% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Trading Down 1.2 %

NYSE:HTGC opened at $11.90 on Friday. Hercules Capital, Inc. has a 12 month low of $10.94 and a 12 month high of $19.09. The firm has a fifty day simple moving average of $14.33 and a 200-day simple moving average of $13.79. The company has a current ratio of 1.21, a quick ratio of 1.21 and a debt-to-equity ratio of 1.12. The company has a market capitalization of $1.62 billion, a P/E ratio of 15.66 and a beta of 1.43.

Hercules Capital (NYSE:HTGC – Get Rating) last posted its quarterly earnings data on Thursday, February 16th. The financial services provider reported $0.47 EPS for the quarter, topping the consensus estimate of $0.42 by $0.05. Hercules Capital had a net margin of 31.73% and a return on equity of 13.87%. The business had revenue of $100.19 million during the quarter, compared to the consensus estimate of $91.34 million. During the same period in the previous year, the firm posted $0.35 earnings per share. On average, equities research analysts anticipate that Hercules Capital, Inc. will post 1.85 earnings per share for the current year.

Hercules Capital Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, March 9th. Stockholders of record on Thursday, March 2nd were paid a dividend of $0.39 per share. This is an increase from Hercules Capital’s previous quarterly dividend of $0.36. This represents a $1.56 annualized dividend and a dividend yield of 13.11%. The ex-dividend date of this dividend was Wednesday, March 1st. Hercules Capital’s payout ratio is presently 205.27%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the stock. Keefe, Bruyette & Woods lowered shares of Hercules Capital from a “market perform” rating to an “underperform” rating and cut their price objective for the company from $14.50 to $10.50 in a report on Monday, March 13th. JMP Securities reaffirmed a “market outperform” rating and issued a $18.00 price target on shares of Hercules Capital in a report on Monday, March 13th. StockNews.com assumed coverage on shares of Hercules Capital in a report on Thursday. They issued a “hold” rating on the stock. Piper Sandler cut their price target on shares of Hercules Capital from $15.00 to $14.50 in a report on Friday, December 16th. Finally, Royal Bank of Canada lifted their price target on shares of Hercules Capital from $16.00 to $17.00 and gave the stock an “outperform” rating in a report on Friday, February 17th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and three have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $14.93.

Hercules Capital Company Profile

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Hercules is the largest non-bank lender to venture capital-backed companies at all stages of development in a broadly diversified variety of technology, life sciences, and sustainable and renewable technology industries. With over a decade of experience in venture debt, Hercules is uniquely positioned to quickly create innovative financing solutions that perfectly fit within a company’s existing capital structure and map to its business objectives.