Geneos Wealth Management Inc. Trims Stake in Hercules Capital, Inc. (NYSE:HTGC)

Geneos Wealth Management Inc. lowered its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 80.1% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,505 shares of the financial services provider’s stock after selling 18,105 shares during the period. Geneos Wealth Management Inc.’s holdings in Hercules Capital were worth $75,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Money Concepts Capital Corp boosted its stake in Hercules Capital by 220.3% during the fourth quarter. Money Concepts Capital Corp now owns 2,883 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,983 shares in the last quarter. ICA Group Wealth Management LLC bought a new stake in Hercules Capital during the fourth quarter worth about $40,000. Coppell Advisory Solutions Corp. bought a new stake in Hercules Capital during the fourth quarter worth about $42,000. BNP Paribas Arbitrage SNC boosted its stake in Hercules Capital by 1,105.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,688 shares of the financial services provider’s stock worth $43,000 after acquiring an additional 3,382 shares in the last quarter. Finally, Tower Research Capital LLC TRC boosted its stake in Hercules Capital by 1,677.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,306 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 3,120 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Up 0.2 %

Shares of Hercules Capital stock opened at $18.00 on Wednesday. Hercules Capital, Inc. has a twelve month low of $12.40 and a twelve month high of $18.88. The company has a market cap of $2.85 billion, a price-to-earnings ratio of 7.79 and a beta of 1.34. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.86. The company’s 50 day moving average is $18.16 and its 200 day moving average is $16.92.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, February 15th. The financial services provider reported $0.56 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 business had revenue of $122.60 million during the quarter, compared to analysts’ expectations of $117.48 million. During the same period in the prior year, the company earned $0.47 earnings per share. The firm’s revenue was up 22.4% on a year-over-year basis. Research analysts anticipate that Hercules Capital, Inc. will post 2.05 EPS for the current year.

Hercules Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 28th were paid 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 dividend yield of 10.67%. Hercules Capital’s dividend payout ratio (DPR) is presently 69.26%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on HTGC shares. Compass Point downgraded shares of Hercules Capital from a “buy” rating to a “neutral” rating and upped their target price for the stock 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 $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 10th. JMP Securities upped their target price 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. 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 research note on Friday, February 16th. Finally, 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 research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target 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.