Modern Wealth Management LLC Has $290,000 Stake in Hercules Capital, Inc. (NYSE:HTGC)

Modern Wealth Management LLC raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 8.0% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,036 shares of the financial services provider’s stock after purchasing an additional 1,042 shares during the quarter. Modern Wealth Management LLC’s holdings in Hercules Capital were worth $290,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. D.A. Davidson & CO. increased its stake in Hercules Capital by 7.1% in the third quarter. D.A. Davidson & CO. now owns 283,850 shares of the financial services provider’s stock valued at $5,575,000 after purchasing an additional 18,823 shares in the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Hercules Capital by 511.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock valued at $1,042,000 after buying an additional 44,386 shares during the period. CreativeOne Wealth LLC bought a new stake in shares of Hercules Capital in the 3rd quarter valued at $274,000. Rockefeller Capital Management L.P. raised its stake in Hercules Capital by 2.4% during the 3rd quarter. Rockefeller Capital Management L.P. now owns 137,868 shares of the financial services provider’s stock worth $2,708,000 after buying an additional 3,239 shares during the period. Finally, Captrust Financial Advisors lifted its holdings in Hercules Capital by 3.7% during the third quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 763 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Hercules Capital Stock Up 0.8 %

HTGC stock opened at $19.59 on Friday. The business has a 50-day moving average of $20.27 and a 200-day moving average of $19.80. Hercules Capital, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $22.04. The stock has a market capitalization of $3.39 billion, a P/E ratio of 12.16 and a beta of 1.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72.

Hercules Capital (NYSE:HTGC) last released its quarterly 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. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The firm had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million. On average, sell-side analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were given a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.60%. The ex-dividend date was Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is currently 99.38%.

Wall Street Analysts Forecast Growth

HTGC has been the topic of a number of research analyst reports. JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, Compass Point upped their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $21.40.

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.