Cetera Investment Advisers Has $3.07 Million Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)
Cetera Investment Advisers boosted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 15.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 152,573 shares of the financial services provider's stock after buying an additional 20,417 shares during the period. Cetera Investment Advisers owned approximately 0.09% of Hercules Capital worth $3,065,000 as of its most recent SEC filing.
Several other institutional investors and hedge funds also recently made changes to their positions in HTGC. Avior Wealth Management LLC raised its holdings in shares of 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 purchasing an additional 1,152 shares during the last quarter. Estabrook Capital Management increased its holdings in Hercules Capital by 239.0% during the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock worth $38,000 after buying an additional 1,324 shares during the last quarter. Archer Investment Corp increased its holdings in 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 buying an additional 1,803 shares during the last quarter. Quarry LP purchased a new stake in Hercules Capital during the fourth quarter worth about $48,000. Finally, Jones Financial Companies Lllp increased its holdings in Hercules Capital by 199.6% during the fourth quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider's stock worth $81,000 after buying an additional 2,693 shares during the last quarter. Hedge funds and other institutional investors own 19.69% of the company's stock.
A number of analysts recently issued reports on the stock. JMP Securities restated a "market outperform" rating and set a $22.00 price objective on shares of Hercules Capital in a report on Friday, February 14th. Wells Fargo & Company cut their target price on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Keefe, Bruyette & Woods cut their target price on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Compass Point increased their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. Finally, Piper Sandler cut their target price on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research report on Tuesday, April 8th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $19.92.
Get Our Latest Stock Analysis on Hercules Capital
In related news, Director Nikos Theodosopoulos bought 5,999 shares of the stock in a transaction on Thursday, May 8th. The shares were acquired at an average price of $17.49 per share, for a total transaction of $104,922.51. Following the purchase, the director now owns 11,960 shares of the company's stock, valued at approximately $209,180.40. The trade was a 100.64% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is currently owned by company insiders.
Shares of Hercules Capital stock opened at $17.80 on Friday. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. The company's fifty day simple moving average is $17.96 and its two-hundred day simple moving average is $19.26. The company has a market cap of $3.12 billion, a P/E ratio of 11.06 and a beta of 0.97. Hercules Capital, Inc. has a 12-month low of $15.65 and a 12-month high of $22.04.
Hercules Capital (NYSE:HTGC - Get Free Report) last announced its earnings results on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The business had revenue of $102.10 million for the quarter, compared to the consensus estimate of $125.43 million. During the same quarter last year, the firm posted $0.50 EPS. The business's quarterly revenue was down 1.6% on a year-over-year basis. Research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Investors of record on Tuesday, May 13th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 8.99%. The ex-dividend date of this dividend is Tuesday, May 13th. Hercules Capital's payout ratio is 120.30%.
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.
Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Hercules Capital, Inc. (NYSE:HTGC - Free Report).
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