Hercules Capital, Inc. (NYSE:HTGC) Shares Sold by Capital Advisory Group Advisory Services LLC

Capital Advisory Group Advisory Services LLC lessened its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 49.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 145,582 shares of the financial services provider’s stock after selling 141,152 shares during the period. Hercules Capital accounts for approximately 1.0% of Capital Advisory Group Advisory Services LLC’s holdings, making the stock its 26th biggest position. Capital Advisory Group Advisory Services LLC owned 0.09% of Hercules Capital worth $2,925,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of HTGC. Avior Wealth Management LLC boosted its holdings in shares of Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,152 shares during the period. Farther Finance Advisors LLC boosted its stake in Hercules Capital by 59,650.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,386 shares during the period. Archer Investment Corp grew its position 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 last quarter. Nomura Asset Management Co. Ltd. increased its stake in shares of Hercules Capital by 45.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 1,279 shares during the period. Finally, Nisa Investment Advisors LLC bought a new stake in shares of Hercules Capital during the third quarter valued at approximately $114,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Down 1.4 %

Shares of HTGC stock opened at $21.69 on Friday. 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 stock has a market cap of $3.76 billion, a PE ratio of 13.47 and a beta of 1.35. The business’s fifty day moving average is $20.41 and its 200-day moving average is $19.64. Hercules Capital, Inc. has a 1 year low of $16.95 and a 1 year high of $22.04.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) 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 for the quarter, compared to analyst estimates of $124.09 million. Equities analysts expect 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 will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 8.67%. The ex-dividend date of this dividend is Wednesday, February 26th. Hercules Capital’s dividend payout ratio is presently 99.38%.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on HTGC shares. JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a report on Friday, February 14th. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and increased their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Compass Point lifted their price objective on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Wells Fargo & Company increased their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Hercules Capital currently has an average rating of “Moderate Buy” and an average price target of $21.40.

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.