Hercules Capital, Inc. (NYSE:HTGC) Shares Sold by Raymond James & Associates

Raymond James & Associates trimmed its holdings in shares of Hercules Capital, Inc. (NYSE:HTGCFree Report) by 3.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 857,677 shares of the financial services provider’s stock after selling 32,488 shares during the period. Raymond James & Associates owned approximately 0.57% of Hercules Capital worth $14,297,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of HTGC. Melia Wealth LLC acquired a new position in shares of Hercules Capital in the 4th quarter valued at $10,922,000. Atria Wealth Solutions Inc. acquired a new position in shares of Hercules Capital in the 1st quarter valued at $4,706,000. Goldman Sachs Group Inc. lifted its stake in shares of Hercules Capital by 130.2% in the 2nd quarter. Goldman Sachs Group Inc. now owns 44,478 shares of the financial services provider’s stock valued at $658,000 after purchasing an additional 191,690 shares during the period. Left Brain Wealth Management LLC acquired a new position in shares of Hercules Capital in the 4th quarter valued at $2,273,000. Finally, BlackRock Inc. lifted its stake in shares of Hercules Capital by 18.5% in the 3rd quarter. BlackRock Inc. now owns 1,014,724 shares of the financial services provider’s stock valued at $11,750,000 after purchasing an additional 158,616 shares during the period. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Trading Up 0.5 %

Shares of HTGC opened at $18.30 on Wednesday. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. Hercules Capital, Inc. has a 12-month low of $12.06 and a 12-month high of $18.88. The firm has a 50-day moving average price of $17.98 and a 200 day moving average price of $16.79. The firm has a market capitalization of $2.90 billion, a P/E ratio of 7.92 and a beta of 1.34.

Hercules Capital (NYSE:HTGCGet Free Report) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The firm had revenue of $122.60 million during the quarter, compared to analyst estimates of $117.48 million. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Hercules Capital’s quarterly revenue was up 22.4% on a year-over-year basis. Sell-side analysts forecast that Hercules Capital, Inc. will post 2.05 EPS for the current year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 28th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.92 dividend on an annualized basis and a yield of 10.49%. Hercules Capital’s payout ratio is currently 69.26%.

Analysts Set New Price Targets

HTGC has been the subject of several analyst reports. JMP Securities boosted their target price on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market outperform” rating in a research note on Tuesday, March 26th. Compass Point cut shares of Hercules Capital from a “buy” rating to a “neutral” rating and boosted their target price for the company from $17.00 to $17.50 in a research note on Tuesday, January 16th. Piper Sandler upped their target price on shares of Hercules Capital from $18.50 to $20.00 and gave the stock an “overweight” rating in a report on Friday, February 16th. Wells Fargo & Company upped their target price on shares of Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Keefe, Bruyette & Woods upped their target price on shares of Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $17.88.

View Our Latest Stock Analysis on HTGC

Hercules Capital Profile

(Free Report)

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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