103,654 Shares in Hercules Capital, Inc. (NYSE:HTGC) Acquired by Aquatic Capital Management LLC

Aquatic Capital Management LLC bought a new position in Hercules Capital, Inc. (NYSE:HTGC) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 103,654 shares of the financial services provider’s stock, valued at approximately $2,082,000. Aquatic Capital Management LLC owned approximately 0.06% of Hercules Capital at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Avior Wealth Management LLC increased its holdings in Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 1,152 shares in the last quarter. Estabrook Capital Management increased its holdings in Hercules Capital by 239.0% in the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock worth $38,000 after acquiring an additional 1,324 shares in the last quarter. Archer Investment Corp boosted its stake in Hercules Capital by 345.4% in the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,803 shares during the period. Jones Financial Companies Lllp boosted its stake in Hercules Capital by 199.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 2,693 shares during the period. Finally, Signaturefd LLC boosted its stake in Hercules Capital by 86.6% in the 4th quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 3,079 shares during the period. 19.69% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on the company. Piper Sandler dropped their price target on Hercules Capital from $23.00 to $20.00 and set an “overweight” rating for the company in a research note on Tuesday, April 8th. UBS Group dropped their price target on Hercules Capital from $20.00 to $18.00 and set a “neutral” rating for the company in a research note on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price target on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company dropped their price target on Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday. Finally, Compass Point upped their price target on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research note on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $19.92.

Hercules Capital Stock Up 0.9 %

NYSE HTGC opened at $18.08 on Tuesday. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The company has a market capitalization of $3.17 billion, a P/E ratio of 11.23 and a beta of 1.13. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The stock has a 50 day moving average price of $18.64 and a 200-day moving average price of $19.48.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. As a group, equities analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 annualized dividend and a yield of 10.40%. Hercules Capital’s payout ratio is 99.38%.

About Hercules Capital

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.