Hercules Capital, Inc. (NYSE:HTGC) Shares Sold by Inspire Investing LLC

Inspire Investing LLC lowered its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 3.6% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 22,377 shares of the financial services provider’s stock after selling 826 shares during the quarter. Inspire Investing LLC’s holdings in Hercules Capital were worth $450,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. Kathleen S. Wright Associates Inc. bought a new position in shares of Hercules Capital during the third quarter valued at approximately $31,000. Avior Wealth Management LLC grew its holdings in shares of Hercules Capital by 177.2% during the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in shares of Hercules Capital by 59,650.0% during the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,386 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its holdings in shares of Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock valued at $80,000 after purchasing an additional 1,279 shares during the last quarter. Finally, Armstrong Advisory Group Inc. grew its holdings in Hercules Capital by 198.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock worth $106,000 after buying an additional 3,580 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Performance

Shares of NYSE HTGC opened at $21.07 on Friday. The stock has a fifty day moving average price of $19.63 and a two-hundred day moving average price of $19.64. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The firm has a market cap of $3.42 billion, a P/E ratio of 10.43 and a beta of 1.35. Hercules Capital, Inc. has a 1 year low of $16.72 and a 1 year high of $21.78.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same period last year, the company posted $0.52 EPS. Research analysts forecast that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.11%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s payout ratio is currently 79.21%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on HTGC shares. Wells Fargo & Company increased their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, JMP Securities reissued a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a report on Monday, January 6th.

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.