BigSur Wealth Management LLC Reduces Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

BigSur Wealth Management LLC reduced its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 3.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 24,500 shares of the financial services provider’s stock after selling 815 shares during the quarter. BigSur Wealth Management LLC’s holdings in Hercules Capital were worth $492,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Van ECK Associates Corp increased its holdings in Hercules Capital by 10.3% in the third quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock valued at $61,873,000 after buying an additional 290,579 shares during the last quarter. Sound Income Strategies LLC grew its position in shares of Hercules Capital by 1.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock worth $53,761,000 after acquiring an additional 47,672 shares in the last quarter. Tectonic Advisors LLC increased its holdings in shares of Hercules Capital by 17.0% in the 3rd quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after acquiring an additional 62,826 shares during the last quarter. Muzinich & Co. Inc. raised its position in shares of Hercules Capital by 9.9% during the 3rd quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider’s stock valued at $8,020,000 after acquiring an additional 36,886 shares in the last quarter. Finally, International Assets Investment Management LLC lifted its stake in Hercules Capital by 1,861.8% during the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock worth $79,960,000 after purchasing an additional 386,367 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on HTGC shares. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research note on Monday, January 6th. Wells Fargo & Company increased their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their target price for the company from $19.50 to $21.50 in a research note on Thursday, December 12th.

Hercules Capital Stock Performance

Shares of HTGC opened at $20.75 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. Hercules Capital, Inc. has a 1 year low of $16.72 and a 1 year high of $21.78. The firm has a fifty day moving average of $19.48 and a 200-day moving average of $19.63. The company has a market cap of $3.37 billion, a price-to-earnings ratio of 10.27 and a beta of 1.35.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. The firm had revenue of $125.25 million during the quarter, compared to analysts’ expectations of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same quarter in the prior year, the firm earned $0.52 EPS. As a group, equities analysts anticipate that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Hercules Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.26%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s dividend payout ratio (DPR) is 79.21%.

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.