Graypoint LLC Grows Stake in Hercules Capital, Inc. (NYSE:HTGC)

by · The Cerbat Gem

Graypoint LLC grew its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC – Free Report) by 17.6% in the 4th quarter, HoldingsChannel.com reports. The firm owned 164,903 shares of the financial services provider’s stock after purchasing an additional 24,673 shares during the quarter. Graypoint LLC’s holdings in Hercules Capital were worth $3,313,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in the business. Wedbush Securities Inc. increased its position in shares of Hercules Capital by 3.8% in the 2nd quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 569 shares during the period. Morse Asset Management Inc lifted its holdings in shares of 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 boosted its position in Hercules Capital by 2.3% in the second quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider’s stock valued at $573,000 after buying an additional 627 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. increased its holdings in 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. Finally, Captrust Financial Advisors lifted its stake 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 acquiring an additional 763 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on HTGC shares. Wells Fargo & Company raised their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a report on Monday. Finally, Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Hercules Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $20.90.

Check Out Our Latest Report on HTGC

Hercules Capital Price Performance

Shares of Hercules Capital stock traded down $0.26 on Friday, hitting $19.72. The company’s stock had a trading volume of 1,069,058 shares, compared to its average volume of 1,242,901. The company has a market capitalization of $3.20 billion, a price-to-earnings ratio of 9.76 and a beta of 1.35. The firm has a fifty day moving average price of $19.39 and a 200-day moving average price of $19.65. 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, Inc. has a 1 year low of $16.72 and a 1 year high of $21.78.

Hercules Capital (NYSE:HTGC – Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting 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 the consensus estimate of $125.80 million. During the same period in the prior year, the company posted $0.52 EPS. As a group, sell-side analysts anticipate that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were given a $0.48 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 9.74%. Hercules Capital’s dividend payout ratio (DPR) is 79.21%.

Hercules Capital Company Profile

(Free Report)

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.

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