Colonial River Investments LLC Buys 1,875 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Colonial River Investments LLC raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 12.3% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,177 shares of the financial services provider’s stock after purchasing an additional 1,875 shares during the quarter. Colonial River Investments LLC’s holdings in Hercules Capital were worth $345,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avior Wealth Management LLC lifted its stake in Hercules Capital by 177.2% during the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after acquiring an additional 1,152 shares during the period. Farther Finance Advisors LLC lifted its stake in Hercules Capital by 59,650.0% during the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 2,386 shares during the period. Archer Investment Corp lifted its stake in Hercules Capital by 345.4% during the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock valued at $47,000 after acquiring an additional 1,803 shares during the period. Nomura Asset Management Co. Ltd. lifted its stake in 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 valued at $80,000 after acquiring an additional 1,279 shares during the period. Finally, Nisa Investment Advisors LLC bought a new position in Hercules Capital during the 3rd quarter valued at about $114,000. Institutional investors own 19.69% of the company’s stock.

Analyst Upgrades and Downgrades

HTGC has been the subject of several research reports. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and upped their price target for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. Compass Point upped their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Finally, Wells Fargo & Company upped their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Hercules Capital currently has an average rating of “Moderate Buy” and a consensus target price of $21.40.

Hercules Capital Trading Down 1.0 %

Hercules Capital stock opened at $21.50 on Monday. The firm has a 50 day moving average of $20.46 and a 200 day moving average of $19.69. The firm has a market capitalization of $3.72 billion, a price-to-earnings ratio of 13.35 and a beta of 1.35. Hercules Capital, Inc. has a 12-month low of $16.95 and a 12-month high of $22.04. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. As a group, research analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th will be issued a $0.47 dividend. This represents a $1.88 annualized dividend and a yield of 8.75%. The ex-dividend date is 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.