Delphi Management Inc. MA Purchases 2,360 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Delphi Management Inc. MA lifted its position in Hercules Capital, Inc. (NYSE:HTGC) by 3.1% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 77,426 shares of the financial services provider’s stock after purchasing an additional 2,360 shares during the quarter. Hercules Capital comprises about 1.5% of Delphi Management Inc. MA’s investment portfolio, making the stock its 17th biggest position. Delphi Management Inc. MA’s holdings in Hercules Capital were worth $1,555,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in the company. Signaturefd LLC increased its holdings in shares of Hercules Capital by 86.6% in the fourth quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider’s stock worth $133,000 after purchasing an additional 3,079 shares during the last quarter. GWN Securities Inc. bought a new stake in shares of Hercules Capital in the fourth quarter worth about $244,000. Diversified Enterprises LLC purchased a new position in Hercules Capital in the fourth quarter worth about $207,000. Left Brain Wealth Management LLC grew its position in Hercules Capital by 32.2% in the fourth quarter. Left Brain Wealth Management LLC now owns 275,876 shares of the financial services provider’s stock worth $5,542,000 after acquiring an additional 67,215 shares in the last quarter. Finally, Commonwealth Equity Services LLC grew its position in Hercules Capital by 1.5% in the fourth quarter. Commonwealth Equity Services LLC now owns 327,372 shares of the financial services provider’s stock worth $6,577,000 after acquiring an additional 4,896 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently commented on HTGC shares. Compass Point lifted their price target on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. JMP Securities reiterated a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. Finally, Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price target for the stock from $19.50 to $21.50 in a research report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $21.40.

Hercules Capital Stock Up 1.8 %

Shares of NYSE:HTGC opened at $18.84 on Tuesday. Hercules Capital, Inc. has a 1 year low of $16.95 and a 1 year high of $22.04. The business has a 50 day simple moving average of $20.40 and a two-hundred day simple moving average of $19.80. The firm has a market capitalization of $3.26 billion, a PE ratio of 11.70 and a beta of 1.38. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. On average, equities analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were given a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 9.98%. Hercules Capital’s dividend payout ratio (DPR) is presently 99.38%.

Hercules Capital 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.