IHT Wealth Management LLC Grows Stake in Hercules Capital, Inc. (NYSE:HTGC)

IHT Wealth Management LLC raised its position in Hercules Capital, Inc. (NYSE:HTGC) by 8.9% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 67,362 shares of the financial services provider’s stock after acquiring an additional 5,487 shares during the quarter. IHT Wealth Management LLC’s holdings in Hercules Capital were worth $1,353,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in shares of 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 purchasing an additional 1,152 shares during the period. Estabrook Capital Management increased its holdings in Hercules Capital by 239.0% during the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock valued at $38,000 after buying an additional 1,324 shares during the last quarter. Archer Investment Corp raised its position in Hercules Capital by 345.4% in the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,803 shares during the period. Jones Financial Companies Lllp boosted its stake in shares of Hercules Capital by 199.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider’s stock worth $81,000 after acquiring an additional 2,693 shares during the last quarter. Finally, Signaturefd LLC grew its position in shares of Hercules Capital by 86.6% during the 4th quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider’s stock valued at $133,000 after acquiring an additional 3,079 shares during the period. 19.69% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on HTGC shares. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. Piper Sandler cut their price objective 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 decreased their target price on shares of Hercules Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a research note on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price target on shares of Hercules Capital from $21.50 to $20.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Finally, Compass Point raised their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hercules Capital has an average rating of “Moderate Buy” and an average target price of $20.25.

Hercules Capital Stock Up 1.5 %

NYSE HTGC opened at $17.41 on Wednesday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. Hercules Capital, Inc. has a 12 month low of $15.65 and a 12 month high of $22.04. The stock’s 50 day moving average is $18.93 and its 200 day moving average is $19.54. The stock has a market cap of $3.05 billion, a PE ratio of 10.81 and a beta of 1.13.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.49. The firm 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%. Research analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were given a dividend of $0.47 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.80%. 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.