Cornerstone Wealth Management LLC Boosts Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Cornerstone Wealth Management LLC lifted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 7.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,441 shares of the financial services provider’s stock after acquiring an additional 1,568 shares during the period. Cornerstone Wealth Management LLC’s holdings in Hercules Capital were worth $431,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Morse Asset Management Inc raised its stake in Hercules Capital by 1.7% during the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider’s stock worth $685,000 after purchasing an additional 600 shares during the period. Founders Financial Alliance LLC increased its holdings in shares of Hercules Capital by 2.3% during the 2nd quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider’s stock worth $573,000 after buying an additional 627 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. raised its position in shares of Hercules Capital by 2.7% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock worth $540,000 after buying an additional 711 shares during the period. Captrust Financial Advisors boosted its holdings in Hercules Capital by 3.7% in the third quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider’s stock valued at $417,000 after acquiring an additional 763 shares during the last quarter. Finally, Arkadios Wealth Advisors grew its position in Hercules Capital by 1.6% during the third quarter. Arkadios Wealth Advisors now owns 55,802 shares of the financial services provider’s stock valued at $1,096,000 after acquiring an additional 900 shares during the period. 19.69% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Hercules Capital Trading Up 0.6 %

HTGC opened at $21.07 on Friday. The firm’s 50 day moving average is $19.63 and its 200-day moving average is $19.64. Hercules Capital, Inc. has a 52-week low of $16.72 and a 52-week high of $21.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The firm has a market capitalization of $3.42 billion, a P/E ratio of 10.43 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same quarter in the previous year, the business posted $0.52 EPS. Analysts expect that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.92 annualized dividend and a yield of 9.11%. Hercules Capital’s dividend payout ratio 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.