North Star Investment Management Corp. Sells 906 Shares of Hercules Capital, Inc. (NYSE:HTGC)

North Star Investment Management Corp. lessened its holdings in Hercules Capital, Inc. (NYSE:HTGCFree Report) by 2.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 40,388 shares of the financial services provider’s stock after selling 906 shares during the quarter. North Star Investment Management Corp.’s holdings in Hercules Capital were worth $673,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in HTGC. Raymond James Financial Services Advisors Inc. raised its holdings in Hercules Capital by 50.9% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 57,981 shares of the financial services provider’s stock valued at $1,048,000 after buying an additional 19,566 shares during the last quarter. HighTower Advisors LLC increased its position in Hercules Capital by 10.5% during the 1st quarter. HighTower Advisors LLC now owns 52,376 shares of the financial services provider’s stock valued at $947,000 after purchasing an additional 4,961 shares during the period. Cetera Advisor Networks LLC increased its position in Hercules Capital by 11.8% during the 1st quarter. Cetera Advisor Networks LLC now owns 14,459 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 1,526 shares during the period. Mariner LLC acquired a new stake in Hercules Capital during the 1st quarter valued at approximately $289,000. Finally, Verition Fund Management LLC acquired a new stake in Hercules Capital during the 1st quarter valued at approximately $184,000. Institutional investors own 25.73% of the company’s stock.

Hercules Capital Stock Performance

NYSE HTGC opened at $18.06 on Wednesday. The company has a fifty day simple moving average of $17.76 and a 200 day simple moving average of $16.63. Hercules Capital, Inc. has a 12-month low of $11.83 and a 12-month high of $18.88. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. The company has a market cap of $2.86 billion, a P/E ratio of 7.82 and a beta of 1.34.

Hercules Capital (NYSE:HTGCGet Free Report) last posted its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The business had revenue of $122.60 million during the quarter, compared to the consensus estimate of $117.48 million. During the same quarter last year, the firm posted $0.47 EPS. Hercules Capital’s revenue was up 22.4% compared to the same quarter last year. Sell-side analysts predict that Hercules Capital, Inc. will post 2.05 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 28th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.63%. The ex-dividend date was Tuesday, February 27th. Hercules Capital’s dividend payout ratio (DPR) is presently 69.26%.

Wall Street Analyst Weigh In

HTGC has been the subject of a number of recent analyst reports. Piper Sandler increased their target price on shares of Hercules Capital from $18.50 to $20.00 and gave the company an “overweight” rating in a research report on Friday, February 16th. UBS Group began coverage on shares of Hercules Capital in a research report on Tuesday, November 21st. They set a “neutral” rating and a $17.00 target price for the company. Keefe, Bruyette & Woods raised their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Compass Point downgraded shares of Hercules Capital from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $17.50 in a research report on Tuesday, January 16th. Finally, Wells Fargo & Company raised their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Hercules Capital presently has an average rating of “Hold” and an average price target of $17.75.

Read Our Latest Stock Analysis on Hercules Capital

Hercules Capital Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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