Melia Wealth LLC Invests $10.92 Million in Hercules Capital, Inc. (NYSE:HTGC)

Melia Wealth LLC bought a new position in Hercules Capital, Inc. (NYSE:HTGCFree Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 655,215 shares of the financial services provider’s stock, valued at approximately $10,922,000. Hercules Capital makes up 5.7% of Melia Wealth LLC’s investment portfolio, making the stock its 11th largest position. Melia Wealth LLC owned 0.43% of Hercules Capital as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of HTGC. Sound Income Strategies LLC increased its holdings in Hercules Capital by 2.4% in the 4th quarter. Sound Income Strategies LLC now owns 2,580,372 shares of the financial services provider’s stock worth $43,015,000 after acquiring an additional 59,263 shares in the last quarter. Massmutual Trust Co. FSB ADV acquired a new position in Hercules Capital in the fourth quarter valued at about $82,000. Comerica Bank acquired a new position in Hercules Capital in the third quarter valued at about $139,000. Orion Capital Management LLC purchased a new stake in Hercules Capital during the third quarter worth about $66,000. Finally, Advisors Capital Management LLC increased its stake in Hercules Capital by 2.4% during the third quarter. Advisors Capital Management LLC now owns 1,006,309 shares of the financial services provider’s stock worth $16,524,000 after purchasing an additional 23,157 shares during the period. 25.73% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Stock Performance

Shares of NYSE HTGC traded down $0.28 during trading on Wednesday, reaching $17.92. The stock had a trading volume of 956,800 shares, compared to its average volume of 877,207. Hercules Capital, Inc. has a one year low of $10.94 and a one year high of $18.88. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.75 and a current ratio of 2.75. The stock has a market cap of $2.84 billion, a PE ratio of 7.76 and a beta of 1.35. The firm’s 50 day moving average price is $17.40 and its two-hundred day moving average price is $16.47.

Hercules Capital (NYSE:HTGCGet Free Report) last released its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. Hercules Capital had a return on equity of 18.60% and a net margin of 73.26%. The business had revenue of $122.60 million during the quarter, compared to analyst estimates of $117.48 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 22.4% compared to the same quarter last year. On average, research analysts forecast that Hercules Capital, Inc. will post 2.04 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 28th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.71%. The ex-dividend date of this dividend is Tuesday, February 27th. Hercules Capital’s dividend payout ratio (DPR) is presently 69.26%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. UBS Group assumed coverage on Hercules Capital in a report on Tuesday, November 21st. They issued a “neutral” rating and a $17.00 price target for the company. Compass Point downgraded Hercules Capital from a “buy” rating to a “neutral” rating and increased their price objective for the company from $17.00 to $17.50 in a report on Tuesday, January 16th. Piper Sandler increased their price objective on Hercules Capital from $18.50 to $20.00 and gave the company an “overweight” rating in a report on Friday, February 16th. Wells Fargo & Company increased their price target on Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Finally, Keefe, Bruyette & Woods increased their price target on Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat.com, Hercules Capital currently has a consensus rating of “Hold” and a consensus price target of $17.75.

View Our Latest Stock Report on HTGC

Hercules Capital 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.

Recommended Stories

Want to see what other hedge funds are holding HTGC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hercules Capital, Inc. (NYSE:HTGCFree Report).

Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

Receive News & Ratings for Hercules Capital Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Hercules Capital and related companies with MarketBeat.com's FREE daily email newsletter.