Hennion & Walsh Asset Management Inc. lessened its stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 21.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 88,515 shares of the financial services provider's stock after selling 23,876 shares during the period. Hennion & Walsh Asset Management Inc. owned 0.05% of Hercules Capital worth $1,778,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in HTGC. Van ECK Associates Corp increased its position in shares of Hercules Capital by 10.3% in the third quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider's stock worth $61,873,000 after purchasing an additional 290,579 shares during the period. Sound Income Strategies LLC increased its holdings in Hercules Capital by 1.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider's stock valued at $53,761,000 after buying an additional 47,672 shares during the period. Tectonic Advisors LLC raised its position in shares of Hercules Capital by 17.0% in the 3rd quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider's stock valued at $8,505,000 after buying an additional 62,826 shares in the last quarter. Muzinich & Co. Inc. lifted its holdings in shares of Hercules Capital by 9.9% during the 3rd quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider's stock worth $8,020,000 after acquiring an additional 36,886 shares during the period. Finally, International Assets Investment Management LLC boosted its position in shares of Hercules Capital by 1,861.8% during the 3rd quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider's stock worth $79,960,000 after acquiring an additional 386,367 shares in the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Several brokerages have commented on HTGC. JMP Securities restated a "market outperform" rating and set a $22.00 price objective on shares of Hercules Capital in a research report on Monday, January 6th. Keefe, Bruyette & Woods upgraded Hercules Capital from a "market perform" rating to an "outperform" rating and upped their price objective for the stock from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company lifted their target price on Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a research report on Tuesday, October 29th.

Get Our Latest Stock Report on HTGC

Shares of NYSE:HTGC opened at $20.75 on Friday. Hercules Capital, Inc. has a 52-week low of $16.72 and a 52-week high of $21.78. The company has a market capitalization of $3.37 billion, a PE ratio of 10.27 and a beta of 1.35. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The company has a fifty day moving average of $19.48 and a 200-day moving average of $19.65.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same period last year, the company earned $0.52 earnings per share. On average, equities analysts predict that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.26%. The ex-dividend date of this dividend was Wednesday, November 13th. Hercules Capital's dividend payout ratio (DPR) is currently 79.21%.

(Free Report)

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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