Strategic Financial Concepts LLC Takes $301,000 Position in Hercules Capital, Inc. (NYSE:HTGC)

Strategic Financial Concepts LLC bought a new position in shares of Hercules Capital, Inc. (NYSE:HTGC) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 16,300 shares of the financial services provider’s stock, valued at approximately $301,000.

A number of other hedge funds have also added to or reduced their stakes in the business. NBC Securities Inc. increased its stake in shares of Hercules Capital by 154.8% in the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 1,594 shares in the last quarter. Principal Securities Inc. bought a new stake in Hercules Capital in the fourth quarter valued at $53,000. Signaturefd LLC raised its holdings in shares of 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. Cape Investment Advisory Inc. bought a new position in shares of Hercules Capital during the 4th quarter worth about $56,000. Finally, Nomura Asset Management Co. Ltd. grew its stake in shares of Hercules Capital by 133.4% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 3,786 shares of the financial services provider’s stock valued at $62,000 after buying an additional 2,164 shares during the period. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Stock Down 0.5 %

NYSE:HTGC traded down $0.09 during trading hours on Tuesday, hitting $19.13. 658,169 shares of the company traded hands, compared to its average volume of 891,097. 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 company has a market cap of $3.10 billion, a PE ratio of 8.28 and a beta of 1.34. The firm’s 50-day simple moving average is $18.35 and its 200-day simple moving average is $17.09. Hercules Capital, Inc. has a one year low of $12.40 and a one year high of $19.26.

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

Hercules Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.04%. Hercules Capital’s payout ratio is presently 69.26%.

Wall Street Analyst Weigh In

HTGC has been the topic of a number of research reports. Compass Point downgraded Hercules Capital from a “buy” rating to a “neutral” rating and upped their price target for the stock from $17.00 to $17.50 in a research note on Tuesday, January 16th. Keefe, Bruyette & Woods upped their target price on Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Piper Sandler lifted their price target 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. JMP Securities upped their price objective on shares of Hercules Capital from $18.00 to $19.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 26th. Finally, Wells Fargo & Company raised their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the company an “overweight” rating in a research note on Monday, January 29th. Five research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $18.00.

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.