Truvestments Capital LLC Has $2.90 Million Position in Hercules Capital, Inc. (NYSE:HTGC)

Truvestments Capital LLC increased its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 5.7% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 144,104 shares of the financial services provider’s stock after buying an additional 7,829 shares during the quarter. Truvestments Capital LLC owned 0.09% of Hercules Capital worth $2,895,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the stock. Avior Wealth Management LLC increased its stake in shares of Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC lifted its stake in shares of Hercules Capital by 59,650.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,386 shares during the period. Archer Investment Corp raised its stake in Hercules Capital by 345.4% during 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. Nomura Asset Management Co. Ltd. raised its stake in Hercules Capital by 45.6% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,279 shares during the period. Finally, Jones Financial Companies Lllp increased 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 worth $81,000 after purchasing an additional 2,693 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Trading Down 3.1 %

NYSE:HTGC opened at $18.03 on Wednesday. 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 current ratio of 2.72 and a quick ratio of 2.72. The firm has a market capitalization of $3.12 billion, a price-to-earnings ratio of 11.20 and a beta of 1.38. The business has a fifty day moving average price of $20.54 and a 200-day moving average price of $19.81.

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 analysts’ consensus estimates of $0.49. The firm had revenue of $121.78 million during 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%. Sell-side analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were paid a $0.47 dividend. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 annualized dividend and a yield of 10.43%. Hercules Capital’s dividend payout ratio (DPR) is 99.38%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on HTGC shares. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and upped their target price for the company from $19.50 to $21.50 in a report on Thursday, December 12th. JMP Securities reiterated a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Finally, Compass Point raised their price objective on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.