Raymond James Financial Services Advisors Inc. Purchases 24,221 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Raymond James Financial Services Advisors Inc. increased its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 51.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 71,029 shares of the financial services provider’s stock after acquiring an additional 24,221 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Hercules Capital were worth $1,184,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of HTGC. Penbrook Management LLC grew its position in Hercules Capital by 24.5% during the 4th quarter. Penbrook Management LLC now owns 23,904 shares of the financial services provider’s stock worth $398,000 after purchasing an additional 4,706 shares during the last quarter. HB Wealth Management LLC purchased a new stake in Hercules Capital during the 4th quarter worth approximately $189,000. Mutual Advisors LLC purchased a new stake in Hercules Capital during the 4th quarter worth approximately $244,000. IAM Advisory LLC purchased a new stake in Hercules Capital during the 4th quarter worth approximately $196,000. Finally, Whittier Trust Co. of Nevada Inc. purchased a new stake in Hercules Capital during the 4th quarter worth approximately $83,000. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Down 1.3 %

HTGC stock opened at $18.17 on Friday. The firm has a market cap of $2.88 billion, a PE ratio of 7.87 and a beta of 1.34. 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’s fifty day moving average is $18.13 and its 200 day moving average is $16.89. Hercules Capital, Inc. has a one year low of $12.34 and a one year high of $18.88.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. The business had revenue of $122.60 million for the quarter, compared to the consensus estimate of $117.48 million. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The company’s revenue was up 22.4% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. On average, research analysts forecast that Hercules Capital, Inc. will post 2.05 EPS for the current year.

Hercules Capital Announces Dividend

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

Wall Street Analysts Forecast Growth

Several research firms have weighed in on HTGC. Keefe, Bruyette & Woods boosted their target price on shares of Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. 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 research note on Wednesday. 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 research note 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 research note on Tuesday, January 16th. Finally, 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 research note on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $18.00.

Hercules Capital 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.