Kestra Private Wealth Services LLC Purchases 6,082 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Kestra Private Wealth Services LLC boosted its position in Hercules Capital, Inc. (NYSE:HTGC) by 7.9% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,936 shares of the financial services provider’s stock after buying an additional 6,082 shares during the period. Kestra Private Wealth Services LLC owned approximately 0.05% of Hercules Capital worth $1,666,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in shares of Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,152 shares during the period. Archer Investment Corp lifted its stake in Hercules Capital by 345.4% in the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,803 shares during the period. Farther Finance Advisors LLC lifted its stake in 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 valued at $47,000 after buying an additional 2,386 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of Hercules Capital by 45.6% during the 3rd 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, Nisa Investment Advisors LLC bought a new stake in shares of Hercules Capital in the 3rd quarter valued at $114,000. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Performance

HTGC opened at $20.96 on Thursday. Hercules Capital, Inc. has a 1-year low of $16.95 and a 1-year high of $21.78. The company has a market cap of $3.40 billion, a price-to-earnings ratio of 10.38 and a beta of 1.35. The company’s fifty day moving average price is $20.16 and its two-hundred day moving average price is $19.61. 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 Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be issued a dividend of $0.47 per share. This represents a $1.88 dividend on an annualized basis and a yield of 8.97%. The ex-dividend date of this dividend is Wednesday, February 26th. Hercules Capital’s dividend payout ratio is currently 79.21%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. JMP Securities restated a “market outperform” rating and issued a $22.00 target price on shares of Hercules Capital in a research note on Monday, January 6th. Finally, Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $19.50 to $21.50 in a research report on Thursday, December 12th.

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.