Concurrent Investment Advisors LLC Has $595,000 Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Concurrent Investment Advisors LLC cut its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 8.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 29,615 shares of the financial services provider’s stock after selling 2,684 shares during the period. Concurrent Investment Advisors LLC’s holdings in Hercules Capital were worth $595,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Avior Wealth Management LLC grew its stake in Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after buying an additional 1,152 shares during the last quarter. Farther Finance Advisors LLC grew its stake in Hercules Capital by 59,650.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,386 shares during the last quarter. Archer Investment Corp grew its stake in Hercules Capital by 345.4% in the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock valued at $47,000 after buying an additional 1,803 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Hercules Capital by 45.6% in 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 buying an additional 1,279 shares during the last quarter. Finally, Nisa Investment Advisors LLC acquired a new position in shares of Hercules Capital during the 3rd quarter worth approximately $114,000. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Stock Performance

Shares of NYSE:HTGC opened at $21.40 on Tuesday. The company’s 50 day simple moving average is $20.50 and its 200 day simple moving average is $19.71. The stock has a market capitalization of $3.70 billion, a price-to-earnings ratio of 13.29 and a beta of 1.35. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. Hercules Capital, Inc. has a 1 year low of $16.95 and a 1 year high of $22.04.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The business had revenue of $121.78 million for the quarter, compared to analysts’ expectations 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 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th will be given a $0.47 dividend. The ex-dividend date of this dividend is Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 8.79%. Hercules Capital’s dividend payout ratio is currently 99.38%.

Wall Street Analysts Forecast Growth

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

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.