Empowered Funds LLC Acquires Shares of 12,295 Hercules Capital, Inc. (NYSE:HTGC)
Empowered Funds LLC acquired a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 12,295 shares of the financial services provider's stock, valued at approximately $247,000.
Other hedge funds have also bought and sold shares of the company. Tectonic Advisors LLC increased its position in Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider's stock valued at $8,505,000 after acquiring an additional 62,826 shares during the last quarter. BNP Paribas Financial Markets grew its holdings in shares of Hercules Capital by 511.2% in the third quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider's stock worth $1,042,000 after purchasing an additional 44,386 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in shares of Hercules Capital by 9.3% in the third quarter. Advisors Asset Management Inc. now owns 406,985 shares of the financial services provider's stock worth $7,993,000 after purchasing an additional 34,718 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Hercules Capital by 28.0% in the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock worth $7,667,000 after purchasing an additional 84,780 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in shares of Hercules Capital by 10.1% in the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,133 shares of the financial services provider's stock worth $7,878,000 after purchasing an additional 36,886 shares during the last quarter. Institutional investors own 19.69% of the company's stock.
A number of research firms have recently commented on HTGC. Compass Point upped their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday. Wells Fargo & Company upped their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Tuesday, October 29th. JMP Securities restated a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Hercules Capital presently has an average rating of "Moderate Buy" and a consensus target price of $21.40.
Read Our Latest Stock Analysis on Hercules Capital
NYSE:HTGC opened at $21.50 on Friday. Hercules Capital, Inc. has a 1-year low of $16.95 and a 1-year high of $22.04. The company has a 50-day moving average of $20.46 and a 200 day moving average of $19.67. The firm has a market cap of $3.72 billion, a PE ratio of 13.35 and a beta of 1.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72.
Hercules Capital (NYSE:HTGC - Get Free Report) last released its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, hitting analysts' consensus estimates of $0.49. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The company had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. As a group, research analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be given a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a dividend yield of 8.75%. The ex-dividend date of this dividend is Wednesday, February 26th. Hercules Capital's 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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