Madison Park Capital Advisors LLC Invests $333,000 in Hercules Capital, Inc. (NYSE:HTGC)

Madison Park Capital Advisors LLC purchased a new position in shares of Hercules Capital, Inc. (NYSE:HTGC) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund purchased 20,000 shares of the financial services provider’s stock, valued at approximately $333,000.

Other institutional investors also recently modified their holdings of the company. RMR Wealth Builders grew its holdings in Hercules Capital by 5.2% during the third quarter. RMR Wealth Builders now owns 15,481 shares of the financial services provider’s stock valued at $254,000 after purchasing an additional 770 shares during the period. Signaturefd LLC grew its holdings in Hercules Capital by 30.4% during the fourth quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock valued at $56,000 after purchasing an additional 789 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its holdings in Hercules Capital by 2.9% during the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,722 shares of the financial services provider’s stock valued at $472,000 after purchasing an additional 816 shares during the period. FAS Wealth Partners Inc. grew its holdings in Hercules Capital by 0.4% during the third quarter. FAS Wealth Partners Inc. now owns 222,146 shares of the financial services provider’s stock valued at $3,648,000 after purchasing an additional 922 shares during the period. Finally, PFG Investments LLC grew its holdings in Hercules Capital by 7.4% during the third quarter. PFG Investments LLC now owns 15,760 shares of the financial services provider’s stock valued at $259,000 after purchasing an additional 1,091 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. JMP Securities upped their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market outperform” rating in a report on Tuesday, March 26th. Compass Point cut shares of Hercules Capital from a “buy” rating to a “neutral” rating and upped their price target for the company from $17.00 to $17.50 in a report on Tuesday, January 16th. Wells Fargo & Company upped their price target on shares of Hercules Capital from $17.00 to $18.00 and gave the company an “overweight” rating in a report on Monday, January 29th. Piper Sandler boosted their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Five investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Hercules Capital Stock Performance

Shares of HTGC traded up $0.17 during trading hours on Tuesday, hitting $18.86. The company had a trading volume of 897,526 shares, compared to its average volume of 904,432. The firm has a market cap of $3.06 billion, a price-to-earnings ratio of 8.16 and a beta of 1.34. The business has a fifty day moving average of $18.28 and a 200-day moving average of $17.01. Hercules Capital, Inc. has a 12 month low of $12.40 and a 12 month high of $18.92. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.86.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.56 EPS for the quarter, beating the consensus estimate of $0.50 by $0.06. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The business had revenue of $122.60 million for the quarter, compared to the consensus estimate of $117.48 million. During the same period in the prior year, the company posted $0.47 earnings per share. Hercules Capital’s revenue was up 22.4% compared to the same quarter last year. Equities analysts anticipate that Hercules Capital, Inc. will post 2.05 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 28th were paid a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.92 annualized dividend and a dividend yield of 10.18%. Hercules Capital’s dividend payout ratio (DPR) is presently 69.26%.

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.