JPMorgan Chase & Co. raised its stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 51.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 443,114 shares of the financial services provider's stock after buying an additional 150,136 shares during the period. JPMorgan Chase & Co. owned 0.27% of Hercules Capital worth $8,902,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Van ECK Associates Corp increased its position in shares of Hercules Capital by 10.4% during the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider's stock worth $69,078,000 after buying an additional 323,028 shares during the period. Sound Income Strategies LLC lifted its stake in Hercules Capital by 2.8% in the fourth quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider's stock valued at $56,558,000 after buying an additional 77,869 shares during the period. Tectonic Advisors LLC boosted its holdings in shares of 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. Muzinich & Co. Inc. grew its position in shares of Hercules Capital by 10.2% during the 4th quarter. Muzinich & Co. Inc. now owns 449,996 shares of the financial services provider's stock worth $9,040,000 after buying an additional 41,634 shares during the period. Finally, Sumitomo Mitsui Trust Group Inc. grew its holdings in Hercules Capital by 10.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 442,767 shares of the financial services provider's stock worth $8,895,000 after purchasing an additional 41,634 shares during the period. Institutional investors own 19.69% of the company's stock.

NYSE:HTGC opened at $17.53 on Wednesday. The firm has a market cap of $3.04 billion, a PE ratio of 10.89 and a beta of 1.13. Hercules Capital, Inc. has a fifty-two week low of $15.65 and a fifty-two 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. The business has a 50 day moving average price of $19.28 and a 200-day moving average price of $19.63.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The business had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. Equities research analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

The company also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.72%. The ex-dividend date was Wednesday, February 26th. Hercules Capital's payout ratio is 99.38%.

A number of equities analysts recently issued reports on HTGC shares. JMP Securities reiterated a "market outperform" rating and issued a $22.00 target price on shares of Hercules Capital in a report on Friday, February 14th. Keefe, Bruyette & Woods decreased 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. Piper Sandler cut their price target on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Finally, Compass Point raised their target price on Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $20.70.

Read Our Latest Stock Report on HTGC

(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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