Hercules Capital, Inc. (NYSE:HTGC) Stock Holdings Lowered by Gilman Hill Asset Management LLC

Gilman Hill Asset Management LLC lessened its stake in Hercules Capital, Inc. (NYSE:HTGC) by 3.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 577,158 shares of the financial services provider’s stock after selling 20,549 shares during the quarter. Hercules Capital comprises about 2.0% of Gilman Hill Asset Management LLC’s holdings, making the stock its 5th largest holding. Gilman Hill Asset Management LLC owned approximately 0.36% of Hercules Capital worth $11,595,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Envestnet Asset Management Inc. grew its stake in shares of Hercules Capital by 25.6% during the second quarter. Envestnet Asset Management Inc. now owns 186,835 shares of the financial services provider’s stock valued at $3,821,000 after acquiring an additional 38,131 shares in the last quarter. AE Wealth Management LLC grew its stake in shares of Hercules Capital by 18.9% during the second quarter. AE Wealth Management LLC now owns 30,393 shares of the financial services provider’s stock valued at $622,000 after acquiring an additional 4,825 shares in the last quarter. ProShare Advisors LLC grew its stake in shares of Hercules Capital by 13.9% during the second quarter. ProShare Advisors LLC now owns 23,771 shares of the financial services provider’s stock valued at $486,000 after acquiring an additional 2,902 shares in the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of Hercules Capital by 1.8% during the second quarter. Mount Yale Investment Advisors LLC now owns 142,679 shares of the financial services provider’s stock valued at $2,918,000 after acquiring an additional 2,589 shares in the last quarter. Finally, Magnetar Financial LLC acquired a new stake in shares of Hercules Capital during the second quarter valued at about $717,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analyst Ratings Changes

HTGC has been the subject of several recent analyst reports. JMP Securities restated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research note on Monday, January 6th. Wells Fargo & Company lifted their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. 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 note on Thursday, December 12th.

Hercules Capital Stock Performance

Shares of NYSE HTGC opened at $20.75 on Monday. Hercules Capital, Inc. has a 1 year low of $16.72 and a 1 year high of $21.78. The firm has a market cap of $3.37 billion, a P/E ratio of 10.27 and a beta of 1.35. The stock has a fifty day moving average price of $19.48 and a two-hundred day moving average price of $19.63. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The business had revenue of $125.25 million during the quarter, compared to analysts’ expectations of $125.80 million. During the same quarter last year, the business posted $0.52 earnings per share. Research analysts forecast that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.26%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s dividend payout ratio is presently 79.21%.

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.