Graypoint LLC Grows Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Graypoint LLC raised its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 17.6% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 164,903 shares of the financial services provider’s stock after purchasing an additional 24,673 shares during the quarter. Graypoint LLC owned 0.10% of Hercules Capital worth $3,313,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of HTGC. HHM Wealth Advisors LLC bought a new stake in shares of Hercules Capital during the second quarter valued at approximately $31,000. Kathleen S. Wright Associates Inc. purchased a new stake in Hercules Capital in the 3rd quarter worth $31,000. Farther Finance Advisors LLC increased its holdings in shares of Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 2,386 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in shares of Hercules Capital by 45.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,279 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in Hercules Capital by 198.9% during the third quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after buying an additional 3,580 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Wells Fargo & Company upped their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, JMP Securities restated a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a report on Monday. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $20.90.

Hercules Capital Trading Down 1.3 %

Shares of HTGC stock traded down $0.26 during trading hours on Friday, reaching $19.72. 1,069,058 shares of the stock were exchanged, compared to its average volume of 1,242,901. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 9.76 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 company’s 50-day moving average price is $19.39 and its 200-day moving average price is $19.65. 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) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The firm had revenue of $125.25 million for the quarter, compared to analysts’ expectations of $125.80 million. During the same quarter in the prior year, the firm posted $0.52 earnings per share. As a group, equities analysts anticipate that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.74%. The ex-dividend date of this dividend was Wednesday, November 13th. Hercules Capital’s dividend payout ratio is currently 79.21%.

Hercules Capital Company Profile

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.