Golden State Wealth Management LLC Has $963,000 Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Golden State Wealth Management LLC raised its position in Hercules Capital, Inc. (NYSE:HTGCGet Rating) by 9.2% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 53,282 shares of the financial services provider’s stock after purchasing an additional 4,492 shares during the quarter. Golden State Wealth Management LLC’s holdings in Hercules Capital were worth $963,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Advisors Asset Management Inc. increased its position in shares of Hercules Capital by 8.3% in the first quarter. Advisors Asset Management Inc. now owns 430,113 shares of the financial services provider’s stock valued at $7,772,000 after acquiring an additional 32,807 shares during the last quarter. First Republic Investment Management Inc. increased its position in shares of Hercules Capital by 9.7% in the first quarter. First Republic Investment Management Inc. now owns 59,787 shares of the financial services provider’s stock valued at $1,080,000 after acquiring an additional 5,307 shares during the last quarter. Guggenheim Capital LLC increased its position in shares of Hercules Capital by 6.9% in the first quarter. Guggenheim Capital LLC now owns 18,237 shares of the financial services provider’s stock valued at $330,000 after acquiring an additional 1,176 shares during the last quarter. Goldman Sachs Group Inc. grew its holdings in Hercules Capital by 7.7% during the first quarter. Goldman Sachs Group Inc. now owns 152,466 shares of the financial services provider’s stock worth $2,755,000 after purchasing an additional 10,867 shares during the period. Finally, S&T Bank PA grew its holdings in Hercules Capital by 1.0% during the first quarter. S&T Bank PA now owns 655,222 shares of the financial services provider’s stock worth $11,840,000 after purchasing an additional 6,269 shares during the period. Institutional investors and hedge funds own 23.79% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the company. TheStreet cut Hercules Capital from a “b” rating to a “c-” rating in a report on Monday, July 11th. Piper Sandler reduced their price target on Hercules Capital from $18.50 to $15.50 and set a “neutral” rating for the company in a report on Tuesday, June 28th. JMP Securities reduced their price target on Hercules Capital from $19.00 to $18.00 and set a “market outperform” rating for the company in a report on Monday, August 1st. Oppenheimer cut Hercules Capital from an “outperform” rating to a “market perform” rating and reduced their price objective for the stock from $18.00 to $15.00 in a report on Friday, July 29th. Finally, StockNews.com cut Hercules Capital from a “hold” rating to a “sell” rating in a report on Monday, June 20th. One analyst has rated the stock with a sell rating, four have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $17.38.

Hercules Capital Trading Up 1.3 %

Shares of HTGC stock opened at $14.00 on Thursday. The company has a current ratio of 3.84, a quick ratio of 3.84 and a debt-to-equity ratio of 1.13. The stock has a market cap of $1.78 billion, a P/E ratio of 127.28 and a beta of 1.37. The stock has a 50 day simple moving average of $14.63 and a 200 day simple moving average of $15.58. Hercules Capital, Inc. has a 1 year low of $12.61 and a 1 year high of $19.09.

Hercules Capital (NYSE:HTGCGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The financial services provider reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.33 by ($0.01). The company had revenue of $72.12 million during the quarter, compared to the consensus estimate of $72.41 million. Hercules Capital had a net margin of 4.86% and a return on equity of 11.63%. The company’s quarterly revenue was up 3.7% on a year-over-year basis. During the same quarter last year, the firm posted $0.32 earnings per share. On average, research analysts predict that Hercules Capital, Inc. will post 1.35 earnings per share for the current fiscal year.

Hercules Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 16th. Shareholders of record on Tuesday, August 9th were given a dividend of $0.50 per share. This is an increase from Hercules Capital’s previous quarterly dividend of $0.33. This represents a $2.00 annualized dividend and a yield of 14.29%. The ex-dividend date of this dividend was Monday, August 8th. Hercules Capital’s payout ratio is currently 1,272.84%.

Hercules Capital Profile

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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.

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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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