JPMorgan Chase & Co. Lowers Stock Position in Hercules Capital, Inc. (NYSE:HTGC)
JPMorgan Chase & Co. lessened its stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 27.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 292,978 shares of the financial services provider's stock after selling 111,073 shares during the quarter. JPMorgan Chase & Co. owned 0.18% of Hercules Capital worth $5,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors and hedge funds also recently made changes to their positions in HTGC. Morse Asset Management Inc raised its holdings in shares of Hercules Capital by 1.7% during the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider's stock valued at $685,000 after purchasing an additional 600 shares during the last quarter. Founders Financial Alliance LLC grew its position in Hercules Capital by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider's stock worth $573,000 after purchasing an additional 627 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Hercules Capital by 2.7% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider's stock valued at $540,000 after buying an additional 711 shares during the last quarter. Captrust Financial Advisors lifted its holdings in shares of Hercules Capital by 3.7% during the 3rd quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider's stock valued at $417,000 after buying an additional 763 shares during the period. Finally, Arkadios Wealth Advisors boosted its stake in shares of Hercules Capital by 1.6% in the 3rd quarter. Arkadios Wealth Advisors now owns 55,802 shares of the financial services provider's stock worth $1,096,000 after buying an additional 900 shares during the last quarter. Institutional investors own 19.69% of the company's stock.
Shares of HTGC stock opened at $20.63 on Friday. The stock has a market capitalization of $3.35 billion, a price-to-earnings ratio of 10.21 and a beta of 1.35. Hercules Capital, Inc. has a 12-month low of $16.72 and a 12-month high of $21.78. The stock's 50-day moving average price is $19.44 and its 200-day moving average price is $19.64. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.
Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $125.25 million during the quarter, compared to analyst estimates 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 EPS. Equities research analysts predict that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.31%. The ex-dividend date was Wednesday, November 13th. Hercules Capital's payout ratio is currently 79.21%.
Several brokerages have recently weighed in on HTGC. 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. Keefe, Bruyette & Woods raised shares of Hercules Capital from a "market perform" rating to an "outperform" rating and increased their target price for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $22.00 price target on shares of Hercules Capital in a report on Monday, January 6th.
Get Our Latest Analysis 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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