Axxcess Wealth Management LLC Purchases 1,875 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Axxcess Wealth Management LLC grew its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 12.3% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The fund owned 17,177 shares of the financial services provider’s stock after buying an additional 1,875 shares during the quarter. Axxcess Wealth Management LLC’s holdings in Hercules Capital were worth $345,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HTGC. Avior Wealth Management LLC increased 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 worth $36,000 after purchasing an additional 1,152 shares during the period. Archer Investment Corp increased its stake in Hercules Capital by 345.4% in the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock worth $47,000 after buying an additional 1,803 shares during the period. Jones Financial Companies Lllp lifted its holdings in Hercules Capital by 199.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider’s stock valued at $81,000 after buying an additional 2,693 shares in the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Hercules Capital by 45.6% in the 3rd 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 period. Finally, Signaturefd LLC grew its stake in Hercules Capital by 86.6% in the 4th quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider’s stock worth $133,000 after acquiring an additional 3,079 shares in the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Stock Up 0.7 %

Shares of NYSE HTGC opened at $19.26 on Friday. 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. The company’s 50-day simple moving average is $20.33 and its 200-day simple moving average is $19.79. The firm has a market cap of $3.33 billion, a price-to-earnings ratio of 11.96 and a beta of 1.38.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $121.78 million during 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%. Equities analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were issued a $0.47 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 9.76%. Hercules Capital’s payout ratio is currently 99.38%.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on HTGC. 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. Compass Point raised their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a report on Wednesday, February 19th. Finally, Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their price objective for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Hercules Capital 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.