SVB Wealth LLC Buys Shares of 36,563 Hercules Capital, Inc. (NYSE:HTGC)

SVB Wealth LLC bought a new stake in Hercules Capital, Inc. (NYSE:HTGC) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 36,563 shares of the financial services provider’s stock, valued at approximately $735,000.

Other large investors have also made changes to their positions in the company. Avior Wealth Management LLC increased its position in shares of Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 1,152 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Hercules Capital by 59,650.0% during the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 2,386 shares in the last quarter. Archer Investment Corp increased its position in shares of Hercules Capital by 345.4% during the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 1,803 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its position in shares of Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after purchasing an additional 1,279 shares in the last quarter. Finally, Nisa Investment Advisors LLC purchased a new position in shares of Hercules Capital in the 3rd quarter valued at approximately $114,000. 19.69% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

HTGC has been the topic of several research analyst reports. JMP Securities reissued a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, Compass Point upped their target price on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $21.40.

Hercules Capital Stock Performance

Shares of HTGC opened at $20.59 on Tuesday. The stock has a 50-day moving average of $20.67 and a two-hundred day moving average of $19.79. Hercules Capital, Inc. has a one year low of $16.95 and a one year high of $22.04. 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 stock has a market cap of $3.57 billion, a P/E ratio of 12.79 and a beta of 1.35.

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

Hercules Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 9.13%. The ex-dividend date is Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is currently 99.38%.

About Hercules Capital

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.