Prime Capital Investment Advisors LLC Acquires New Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Prime Capital Investment Advisors LLC acquired a new stake in Hercules Capital, Inc. (NYSE:HTGC) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 15,021 shares of the financial services provider’s stock, valued at approximately $250,000.

Other large investors have also recently added to or reduced their stakes in the company. Money Concepts Capital Corp lifted its holdings in Hercules Capital by 220.3% in the 4th quarter. Money Concepts Capital Corp now owns 2,883 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,983 shares in the last quarter. ICA Group Wealth Management LLC purchased a new position in Hercules Capital in the 4th quarter valued at about $40,000. Coppell Advisory Solutions Corp. purchased a new position in Hercules Capital in the 4th quarter valued at about $42,000. BNP Paribas Arbitrage SNC lifted its holdings in Hercules Capital by 1,105.2% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,688 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 3,382 shares in the last quarter. Finally, Tower Research Capital LLC TRC lifted its holdings in Hercules Capital by 1,677.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,306 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 3,120 shares in the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Hercules Capital Trading Down 1.3 %

NYSE HTGC opened at $18.17 on Friday. Hercules Capital, Inc. has a one year low of $12.34 and a one year high of $18.88. The company’s 50 day moving average price is $18.13 and its 200 day moving average price is $16.89. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.75 and a current ratio of 2.75. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 7.87 and a beta of 1.34.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate 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 for the quarter, compared to analyst estimates of $117.48 million. During the same quarter last year, the firm posted $0.47 earnings per share. Hercules Capital’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, sell-side analysts predict that Hercules Capital, Inc. will post 2.05 EPS for the current year.

Hercules Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 28th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 10.57%. The ex-dividend date was Tuesday, February 27th. Hercules Capital’s dividend payout ratio (DPR) is 69.26%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JMP Securities increased their price objective on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 26th. Wells Fargo & Company increased their price objective 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. Compass Point lowered shares of Hercules Capital from a “buy” rating to a “neutral” rating and increased their price objective for the stock from $17.00 to $17.50 in a report on Tuesday, January 16th. Keefe, Bruyette & Woods increased their price objective 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. Finally, Piper Sandler increased their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, Hercules Capital has an average rating of “Hold” and an average target price of $18.00.

Hercules Capital Company Profile

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.