Corient Private Wealth LLC Has $400,000 Stock Position in Hercules Capital, Inc. (NYSE:HTGC)
Corient Private Wealth LLC lessened its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 47.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 19,894 shares of the financial services provider's stock after selling 17,885 shares during the period. Corient Private Wealth LLC's holdings in Hercules Capital were worth $400,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also bought and sold shares of the company. Avior Wealth Management LLC raised its position 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 worth $36,000 after acquiring an additional 1,152 shares in the last quarter. Archer Investment Corp raised 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 during the period. Nomura Asset Management Co. Ltd. raised its holdings in 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 buying an additional 1,279 shares during the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Hercules Capital by 199.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider's stock worth $81,000 after acquiring an additional 2,693 shares during the last quarter. Finally, Diversified Enterprises LLC bought a new position in shares of Hercules Capital in the fourth quarter valued at approximately $207,000. 19.69% of the stock is currently owned by institutional investors and hedge funds.
HTGC has been the topic of a number of research analyst reports. Compass Point boosted their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research note on Wednesday, February 19th. JMP Securities reissued a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and boosted their price target for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Hercules Capital presently has a consensus rating of "Moderate Buy" and an average target price of $21.40.
Check Out Our Latest Stock Analysis on HTGC
HTGC stock opened at $19.27 on Friday. The firm's 50-day moving average price is $20.24 and its two-hundred day moving average price is $19.82. The stock has a market capitalization of $3.34 billion, a price-to-earnings ratio of 11.97 and a beta of 1.38. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. Hercules Capital, Inc. has a 12-month low of $16.95 and a 12-month high of $22.04.
Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.49. The business had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. As a group, equities analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were issued a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a yield of 9.76%. The ex-dividend date of this dividend was Wednesday, February 26th. Hercules Capital's dividend payout ratio is 99.38%.
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.
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