Naples Global Advisors LLC Increases Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Naples Global Advisors LLC increased its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 62,259 shares of the financial services provider’s stock after buying an additional 600 shares during the quarter. Naples Global Advisors LLC’s holdings in Hercules Capital were worth $1,251,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Avior Wealth Management LLC boosted its holdings 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 valued at $36,000 after purchasing an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC raised its position in shares of Hercules Capital by 59,650.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock worth $47,000 after buying an additional 2,386 shares during the period. Archer Investment Corp boosted its holdings 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 valued at $47,000 after acquiring an additional 1,803 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in Hercules Capital by 45.6% during 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 acquiring an additional 1,279 shares during the period. Finally, Nisa Investment Advisors LLC acquired a new stake in Hercules Capital during the third quarter worth about $114,000. 19.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on the company. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th.

Hercules Capital Trading Up 0.8 %

Shares of HTGC opened at $21.10 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. Hercules Capital, Inc. has a 12 month low of $16.95 and a 12 month high of $21.78. The stock has a market cap of $3.43 billion, a PE ratio of 10.44 and a beta of 1.35. The stock’s 50-day moving average is $20.20 and its two-hundred day moving average is $19.62.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. Equities analysts forecast that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 8.91%. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

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.