Naviter Wealth LLC Buys 20,156 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Naviter Wealth LLC increased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 14.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 158,087 shares of the financial services provider’s stock after acquiring an additional 20,156 shares during the period. Naviter Wealth LLC owned about 0.10% of Hercules Capital worth $3,176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Morse Asset Management Inc lifted its stake in shares of Hercules Capital by 1.7% in the 3rd quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider’s stock valued at $685,000 after acquiring an additional 600 shares during the last quarter. Naples Global Advisors LLC raised its position in Hercules Capital by 1.0% during the 4th quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider’s stock valued at $1,251,000 after purchasing an additional 600 shares during the last quarter. Captrust Financial Advisors raised its position in Hercules Capital by 3.7% during the 3rd quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider’s stock valued at $417,000 after purchasing an additional 763 shares during the last quarter. Nations Financial Group Inc. IA ADV raised its position in Hercules Capital by 0.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 92,447 shares of the financial services provider’s stock valued at $1,857,000 after purchasing an additional 799 shares during the last quarter. Finally, SteelPeak Wealth LLC raised its position in Hercules Capital by 2.7% during the 4th quarter. SteelPeak Wealth LLC now owns 30,307 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 804 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Up 2.3 %

HTGC stock opened at $18.89 on Friday. Hercules Capital, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $22.04. The business’s 50 day moving average price is $20.63 and its two-hundred day moving average price is $19.79. 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 company has a market capitalization of $3.27 billion, a price-to-earnings ratio of 11.73 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share 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 the consensus estimate of $124.09 million. As a group, analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a dividend yield of 9.95%. Hercules Capital’s dividend payout ratio (DPR) is 99.38%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and upped their price target for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. Finally, Compass Point upped their price target on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus 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.