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

Kestra Private Wealth Services LLC lifted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 7.9% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 82,936 shares of the financial services provider’s stock after purchasing an additional 6,082 shares during the period. Kestra Private Wealth Services LLC’s holdings in Hercules Capital were worth $1,666,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in HTGC. Van ECK Associates Corp increased its stake in Hercules Capital by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock valued at $61,873,000 after buying an additional 290,579 shares during the last quarter. Sound Income Strategies LLC increased its position in shares of Hercules Capital by 2.8% during the fourth quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock valued at $56,558,000 after acquiring an additional 77,869 shares during the last quarter. Tectonic Advisors LLC lifted its holdings in Hercules Capital by 14.0% during the fourth quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider’s stock worth $9,921,000 after acquiring an additional 60,776 shares during the period. Sumitomo Mitsui Trust Group Inc. boosted its position in Hercules Capital by 10.4% in the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 442,767 shares of the financial services provider’s stock worth $8,895,000 after purchasing an additional 41,634 shares during the last quarter. Finally, Muzinich & Co. Inc. grew its stake in Hercules Capital by 9.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider’s stock valued at $8,020,000 after purchasing an additional 36,886 shares during the period. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on HTGC. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research note on Monday, January 6th. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price objective for the stock from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, Wells Fargo & Company boosted their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th.

Hercules Capital Stock Up 0.4 %

Shares of NYSE HTGC opened at $20.96 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. The stock has a market capitalization of $3.40 billion, a PE ratio of 10.38 and a beta of 1.35. Hercules Capital, Inc. has a one year low of $16.95 and a one year high of $21.78. The business’s fifty day moving average price is $20.16 and its 200-day moving average price is $19.61.

Hercules Capital Cuts Dividend

The firm 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 annualized dividend and a yield of 8.97%. The ex-dividend date is Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is presently 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.