Dakota Wealth Management Sells 650 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Dakota Wealth Management decreased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 1.7% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 38,727 shares of the financial services provider’s stock after selling 650 shares during the period. Dakota Wealth Management’s holdings in Hercules Capital were worth $778,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Envestnet Asset Management Inc. increased its position in shares of Hercules Capital by 25.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 186,835 shares of the financial services provider’s stock worth $3,821,000 after purchasing an additional 38,131 shares during the last quarter. ProShare Advisors LLC increased its holdings in Hercules Capital by 13.9% during the second quarter. ProShare Advisors LLC now owns 23,771 shares of the financial services provider’s stock worth $486,000 after buying an additional 2,902 shares during the last quarter. Evergreen Capital Management LLC bought a new stake in Hercules Capital during the second quarter worth $207,000. Mackenzie Financial Corp lifted its stake in Hercules Capital by 77.0% in the second quarter. Mackenzie Financial Corp now owns 31,632 shares of the financial services provider’s stock valued at $647,000 after acquiring an additional 13,765 shares during the last quarter. Finally, Cetera Investment Advisers grew its position in shares of Hercules Capital by 4.5% in the 2nd quarter. Cetera Investment Advisers now owns 132,540 shares of the financial services provider’s stock valued at $2,710,000 after acquiring an additional 5,751 shares during the period. Institutional investors own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

HTGC has been the subject of several recent analyst reports. Wells Fargo & Company raised their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and increased their price target for the company from $19.50 to $21.50 in a research note on Thursday, December 12th.

Hercules Capital Trading Up 0.6 %

Shares of NYSE:HTGC opened at $21.07 on Friday. Hercules Capital, Inc. has a 12-month low of $16.72 and a 12-month high of $21.78. The business has a 50 day moving average of $19.63 and a 200-day moving average of $19.64. 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 stock has a market cap of $3.42 billion, a PE ratio of 10.43 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same period in the previous year, the company posted $0.52 EPS. As a group, equities research analysts forecast that Hercules Capital, Inc. will post 2.01 earnings per share for the current 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 paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.11%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s dividend payout ratio (DPR) is 79.21%.

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.