FAS Wealth Partners Inc. Cuts Holdings in Hercules Capital, Inc. (NYSE:HTGC)

FAS Wealth Partners Inc. lowered its stake in Hercules Capital, Inc. (NYSE:HTGC) by 5.2% during the 4th quarter, HoldingsChannel reports. The firm owned 196,208 shares of the financial services provider’s stock after selling 10,759 shares during the period. FAS Wealth Partners Inc.’s holdings in Hercules Capital were worth $3,942,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of HTGC. Morse Asset Management Inc increased its stake in shares of Hercules Capital by 1.7% in 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 in the last quarter. Virtu Financial LLC lifted its holdings in shares of Hercules Capital by 97.5% in the 3rd quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 9,517 shares during the last quarter. Tidal Investments LLC boosted its position in shares of Hercules Capital by 8.1% during the third quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider’s stock valued at $1,498,000 after buying an additional 5,704 shares during the period. Franklin Resources Inc. grew its position in Hercules Capital by 28.0% in the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock valued at $7,667,000 after acquiring an additional 84,780 shares during the last quarter. Finally, Confluence Investment Management LLC grew its holdings in shares of Hercules Capital by 0.4% in the fourth quarter. Confluence Investment Management LLC now owns 382,163 shares of the financial services provider’s stock worth $7,678,000 after purchasing an additional 1,711 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Down 1.5 %

NYSE HTGC opened at $17.87 on Thursday. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The firm has a market cap of $3.14 billion, a price-to-earnings ratio of 11.10 and a beta of 1.13. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The firm has a 50 day simple moving average of $18.50 and a 200-day simple moving average of $19.46.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. The company had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. Equities research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 8.95%. The ex-dividend date is Tuesday, May 13th. Hercules Capital’s payout ratio is 99.38%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on HTGC. Keefe, Bruyette & Woods decreased their target price on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating for the company in a research report on Tuesday, April 8th. Piper Sandler dropped their target price on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Wells Fargo & Company lowered their price target on shares of Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research report on Monday. UBS Group cut their price objective on shares of Hercules Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Finally, JMP Securities restated a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.92.

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.