Principle Wealth Partners LLC Acquires 3,120 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Principle Wealth Partners LLC increased its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 19.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,385 shares of the financial services provider’s stock after acquiring an additional 3,120 shares during the period. Principle Wealth Partners LLC’s holdings in Hercules Capital were worth $389,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of the business. Morse Asset Management Inc boosted its stake in 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 worth $685,000 after acquiring an additional 600 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Hercules Capital by 2.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock worth $540,000 after buying an additional 711 shares in the last quarter. Captrust Financial Advisors lifted its stake in shares of Hercules Capital by 3.7% in the third quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider’s stock worth $417,000 after buying an additional 763 shares in the last quarter. SteelPeak Wealth LLC lifted its stake in shares of Hercules Capital by 2.7% in the fourth quarter. SteelPeak Wealth LLC now owns 30,307 shares of the financial services provider’s stock worth $609,000 after buying an additional 804 shares in the last quarter. Finally, Arkadios Wealth Advisors lifted its stake in shares of Hercules Capital by 1.6% in the third 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 in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Up 1.1 %

HTGC opened at $20.87 on Wednesday. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The firm has a 50 day moving average price of $20.12 and a 200-day moving average price of $19.60. Hercules Capital, Inc. has a twelve month low of $16.95 and a twelve month high of $21.78. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 10.33 and a beta of 1.35.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th will be issued a dividend of $0.47 per share. The ex-dividend date is Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 9.01%. Hercules Capital’s payout ratio is 79.21%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on HTGC. Wells Fargo & Company upped 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 reiterated 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 upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $19.50 to $21.50 in a research note 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.