Balboa Wealth Partners Has $572,000 Position in Hercules Capital, Inc. (NYSE:HTGC)

Balboa Wealth Partners boosted its stake in Hercules Capital, Inc. (NYSE:HTGC) by 5.8% in the fourth quarter, HoldingsChannel reports. The firm owned 28,449 shares of the financial services provider’s stock after buying an additional 1,555 shares during the period. Balboa Wealth Partners’ holdings in Hercules Capital were worth $572,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. BNP Paribas Financial Markets raised its position in shares of Hercules Capital by 511.2% during the third quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 44,386 shares during the period. Advisors Asset Management Inc. increased its stake in Hercules Capital by 9.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 406,985 shares of the financial services provider’s stock valued at $7,993,000 after purchasing an additional 34,718 shares in the last quarter. Franklin Resources Inc. raised its holdings in Hercules Capital by 28.0% during the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after buying an additional 84,780 shares during the last quarter. Tectonic Advisors LLC lifted its stake in shares of Hercules Capital by 14.0% in the fourth quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider’s stock valued at $9,921,000 after buying an additional 60,776 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. increased its position in shares of Hercules Capital by 10.1% during the third quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,133 shares of the financial services provider’s stock worth $7,878,000 after acquiring an additional 36,886 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and raised their target price for the company from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, Compass Point upped their price target on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Hercules Capital has an average rating of “Moderate Buy” and an average target price of $21.40.

Hercules Capital Trading Down 0.8 %

NYSE:HTGC opened at $18.03 on Friday. Hercules Capital, Inc. has a 52 week low of $16.95 and a 52 week high of $22.04. The firm has a 50-day moving average price of $20.50 and a two-hundred day moving average price of $19.80. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The firm has a market cap of $3.12 billion, a price-to-earnings ratio of 11.20 and a beta of 1.38.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The company had revenue of $121.78 million during the quarter, compared to the consensus estimate of $124.09 million. On average, equities analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.47 per share. 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 payout ratio is 99.38%.

Hercules Capital 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.