Steward Partners Investment Advisory LLC Has $1.89 Million Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Steward Partners Investment Advisory LLC grew its stake in Hercules Capital, Inc. (NYSE:HTGC) by 13.6% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 94,122 shares of the financial services provider’s stock after buying an additional 11,279 shares during the period. Steward Partners Investment Advisory LLC owned approximately 0.06% of Hercules Capital worth $1,891,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp lifted its position in shares of Hercules Capital by 10.4% in the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock worth $69,078,000 after buying an additional 323,028 shares during the last quarter. Sound Income Strategies LLC lifted its position in shares of Hercules Capital by 2.8% during the 4th quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock worth $56,558,000 after purchasing an additional 77,869 shares during the last quarter. Tectonic Advisors LLC lifted its position in shares of Hercules Capital by 14.0% during the 4th quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider’s stock worth $9,921,000 after purchasing an additional 60,776 shares during the last quarter. Muzinich & Co. Inc. lifted its position in shares of Hercules Capital by 10.2% during the 4th quarter. Muzinich & Co. Inc. now owns 449,996 shares of the financial services provider’s stock worth $9,040,000 after purchasing an additional 41,634 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. lifted its position in shares of Hercules Capital by 10.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 442,767 shares of the financial services provider’s stock worth $8,895,000 after purchasing an additional 41,634 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on HTGC shares. JMP Securities reissued a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, Compass Point boosted their price objective on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Hercules Capital currently has an average rating of “Moderate Buy” and an average target price of $21.40.

Hercules Capital Trading Up 2.3 %

Hercules Capital stock opened at $18.89 on Friday. The business has a 50 day moving average price of $20.61 and a two-hundred day moving average price of $19.80. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89. The stock has a market cap of $3.27 billion, a price-to-earnings ratio of 11.73 and a beta of 1.38. Hercules Capital, Inc. has a 12 month low of $16.95 and a 12 month high of $22.04.

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

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 9.95%. Hercules Capital’s dividend payout ratio is currently 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.