Legacy Capital Wealth Partners LLC Grows Position in Hercules Capital, Inc. (NYSE:HTGC)

Legacy Capital Wealth Partners LLC grew its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 7.8% in the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 99,722 shares of the financial services provider’s stock after acquiring an additional 7,203 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in Hercules Capital were worth $1,662,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the business. Signaturefd LLC increased its position in Hercules Capital by 30.4% during the 4th quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 789 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in Hercules Capital by 133.4% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 3,786 shares of the financial services provider’s stock worth $62,000 after purchasing an additional 2,164 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Hercules Capital during the 3rd quarter worth approximately $66,000. Blue Trust Inc. acquired a new stake in Hercules Capital during the 4th quarter worth approximately $66,000. Finally, Global Retirement Partners LLC increased its position in Hercules Capital by 294.2% during the 4th quarter. Global Retirement Partners LLC now owns 4,785 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 3,571 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Up 0.6 %

Shares of Hercules Capital stock traded up $0.12 on Friday, hitting $19.07. 830,046 shares of the company’s stock traded hands, compared to its average volume of 685,190. The stock has a market cap of $3.09 billion, a P/E ratio of 8.26 and a beta of 1.34. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.86. The firm’s 50-day moving average is $18.34 and its 200 day moving average is $17.06. Hercules Capital, Inc. has a 52-week low of $12.40 and a 52-week high of $19.26.

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

Hercules Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Investors of record on Wednesday, February 28th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.07%. The ex-dividend date of this dividend was Tuesday, February 27th. Hercules Capital’s dividend payout ratio (DPR) is presently 69.26%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HTGC shares. Wells Fargo & Company increased their target price on shares of Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods increased their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the company a “market perform” rating in a research report on Friday, February 16th. JMP Securities increased their price objective on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market outperform” rating in a research report on Tuesday, March 26th. Compass Point downgraded shares of 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 research report on Tuesday, January 16th. Finally, Piper Sandler increased their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Wednesday, April 10th. Five equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $18.00.

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.