Grimes & Company Inc. Buys 5,962 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Grimes & Company Inc. grew its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 30.6% during the fourth quarter, HoldingsChannel reports. The firm owned 25,414 shares of the financial services provider’s stock after purchasing an additional 5,962 shares during the quarter. Grimes & Company Inc.’s holdings in Hercules Capital were worth $511,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. International Assets Investment Management LLC boosted its stake in Hercules Capital by 1,861.8% during the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock worth $79,960,000 after acquiring an additional 386,367 shares in the last quarter. Van ECK Associates Corp boosted its stake in Hercules Capital by 10.3% during the third quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock worth $61,873,000 after acquiring an additional 290,579 shares in the last quarter. Franklin Resources Inc. boosted its stake 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 acquiring an additional 84,780 shares in the last quarter. Sound Income Strategies LLC boosted its stake in 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 worth $56,558,000 after acquiring an additional 77,869 shares in the last quarter. Finally, Tectonic Advisors LLC boosted its stake in Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock worth $8,505,000 after acquiring an additional 62,826 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Up 0.6 %

Shares of NYSE HTGC opened at $21.07 on Friday. The firm’s 50 day moving average price is $19.63 and its 200-day moving average price is $19.64. The company has a market cap of $3.42 billion, a PE ratio of 10.43 and a beta of 1.35. Hercules Capital, Inc. has a 52-week low of $16.72 and a 52-week high of $21.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The firm had revenue of $125.25 million during the quarter, compared to analysts’ expectations of $125.80 million. During the same period in the previous year, the company earned $0.52 earnings per share. On average, equities research analysts expect that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

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

Wall Street Analysts Forecast Growth

HTGC has been the topic of several research reports. JMP Securities reissued a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research note on Monday, January 6th. 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. Finally, 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.

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.