Balboa Wealth Partners Purchases 1,555 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Balboa Wealth Partners lifted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 28,449 shares of the financial services provider’s stock after acquiring an additional 1,555 shares during the period. Balboa Wealth Partners’ holdings in Hercules Capital were worth $572,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Wintrust Investments LLC raised its position in Hercules Capital by 13.8% during the fourth quarter. Wintrust Investments LLC now owns 13,024 shares of the financial services provider’s stock valued at $261,000 after purchasing an additional 1,582 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. acquired a new position in shares of Hercules Capital during the 4th quarter worth $3,281,000. Truvestments Capital LLC raised its holdings in shares of Hercules Capital by 5.7% during the 4th quarter. Truvestments Capital LLC now owns 144,104 shares of the financial services provider’s stock worth $2,895,000 after buying an additional 7,829 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Hercules Capital by 23.8% during the 4th quarter. HighTower Advisors LLC now owns 77,276 shares of the financial services provider’s stock worth $1,552,000 after buying an additional 14,841 shares during the last quarter. Finally, Wealthfront Advisers LLC acquired a new stake in Hercules Capital in the fourth quarter valued at about $976,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analyst Weigh In

HTGC has been the subject of a number of research reports. JMP Securities reissued 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 raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, Compass Point increased their price target on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $21.40.

Hercules Capital Stock Performance

NYSE:HTGC opened at $18.03 on Friday. 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, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $22.04. The company has a 50 day simple moving average of $20.50 and a two-hundred day simple moving average of $19.80. The company has a market capitalization of $3.12 billion, a PE ratio of 11.20 and a beta of 1.38.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $121.78 million during the quarter, compared to analysts’ expectations of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. Research analysts anticipate that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were paid a $0.47 dividend. This represents a $1.88 dividend on an annualized basis and a dividend yield of 10.43%. The ex-dividend date was Wednesday, February 26th. Hercules Capital’s dividend payout ratio is 99.38%.

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.