Hercules Capital, Inc. (NYSE:HTGC) Shares Sold by Good Life Advisors LLC

Good Life Advisors LLC lessened its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 50.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,498 shares of the financial services provider’s stock after selling 14,498 shares during the quarter. Good Life Advisors LLC’s holdings in Hercules Capital were worth $291,000 at the end of the most recent quarter.

A number of other hedge funds also recently added to or reduced their stakes in HTGC. Avior Wealth Management LLC lifted its stake in Hercules Capital by 177.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,386 shares during the last quarter. Archer Investment Corp lifted its stake in Hercules Capital by 345.4% in the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,803 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its stake in Hercules Capital by 45.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock valued at $80,000 after buying an additional 1,279 shares during the last quarter. Finally, Nisa Investment Advisors LLC bought a new stake in Hercules Capital in the third quarter valued at $114,000. 19.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on HTGC shares. JMP Securities restated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research note on Friday, February 14th. Wells Fargo & Company lifted their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, Compass Point lifted their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $21.40.

Hercules Capital Price Performance

NYSE:HTGC opened at $21.50 on Friday. The business’s 50-day moving average price is $20.46 and its 200 day moving average price is $19.67. The firm has a market cap of $3.72 billion, a P/E ratio of 13.35 and a beta of 1.35. Hercules Capital, Inc. has a 52-week low of $16.95 and a 52-week high of $22.04. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.49. The firm had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. As a group, sell-side analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be paid a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 8.75%. Hercules Capital’s dividend payout ratio is currently 99.38%.

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.