HighTower Advisors LLC Has $1.55 Million Holdings in Hercules Capital, Inc. (NYSE:HTGC)
HighTower Advisors LLC raised its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 23.8% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 77,276 shares of the financial services provider's stock after buying an additional 14,841 shares during the period. HighTower Advisors LLC's holdings in Hercules Capital were worth $1,552,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. BNP Paribas Financial Markets raised its position in Hercules Capital by 511.2% in the 3rd quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider's stock valued at $1,042,000 after purchasing an additional 44,386 shares during the last quarter. Franklin Resources Inc. increased its stake 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 valued at $7,667,000 after buying an additional 84,780 shares in the last quarter. Tectonic Advisors LLC lifted its position in Hercules Capital by 14.0% during the 4th quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider's stock worth $9,921,000 after buying an additional 60,776 shares in the last quarter. Sanctuary Advisors LLC grew its holdings in Hercules Capital by 56.5% during the 3rd quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider's stock worth $353,000 after acquiring an additional 6,792 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC increased its position in Hercules Capital by 187.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 57,466 shares of the financial services provider's stock valued at $1,129,000 after acquiring an additional 37,466 shares in the last quarter. Institutional investors own 19.69% of the company's stock.
HTGC opened at $19.33 on Tuesday. The company has a fifty day moving average price of $20.32 and a two-hundred day moving average price of $19.80. The firm has a market capitalization of $3.35 billion, a PE ratio of 12.00 and a beta of 1.38. Hercules Capital, Inc. has a 52 week low of $16.95 and a 52 week high of $22.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current 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 EPS for the quarter, meeting analysts' consensus estimates of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million. As a group, analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were paid a dividend of $0.47 per share. This represents a $1.88 annualized dividend and a yield of 9.73%. The ex-dividend date was Wednesday, February 26th. Hercules Capital's payout ratio is 99.38%.
Several research firms have recently commented on HTGC. Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and increased their price target for the company from $19.50 to $21.50 in a research note 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 boosted their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a research report on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $21.40.
Read Our Latest Stock Report on Hercules Capital
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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