Denali Advisors LLC Cuts Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Denali Advisors LLC reduced its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 2.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 349,500 shares of the financial services provider’s stock after selling 9,080 shares during the quarter. Hercules Capital accounts for approximately 0.7% of Denali Advisors LLC’s investment portfolio, making the stock its 27th biggest holding. Denali Advisors LLC’s holdings in Hercules Capital were worth $7,021,000 at the end of the most recent quarter.

A number of other institutional investors have also recently modified their holdings of the business. Van ECK Associates Corp raised its holdings in Hercules Capital by 10.4% in the 4th quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock worth $69,078,000 after purchasing an additional 323,028 shares during the period. Strategic Financial Concepts LLC lifted its position in shares of Hercules Capital by 1,909.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider’s stock valued at $6,579,000 after buying an additional 311,167 shares in the last quarter. Golden State Wealth Management LLC acquired a new stake in Hercules Capital in the 4th quarter valued at $2,324,000. Franklin Resources Inc. grew its stake in Hercules Capital by 28.0% in the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock valued at $7,667,000 after acquiring an additional 84,780 shares during the period. Finally, Sound Income Strategies LLC increased its holdings in Hercules Capital by 2.8% in the 4th 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. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Stock Down 0.8 %

Shares of NYSE:HTGC opened at $21.24 on Wednesday. The company has a market capitalization of $3.68 billion, a price-to-earnings ratio of 13.19 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 business has a 50-day moving average price of $20.54 and a 200 day moving average price of $19.73. 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 announced its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The business had revenue of $121.78 million during the quarter, compared to analysts’ expectations of $124.09 million. Sell-side analysts expect that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The company 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. This represents a $1.88 dividend on an annualized basis and a yield of 8.85%. The ex-dividend date is Wednesday, February 26th. Hercules Capital’s payout ratio is 99.38%.

Analyst Ratings Changes

Several analysts have recently issued reports on HTGC shares. Compass Point lifted their target price 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. Wells Fargo & Company boosted their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Keefe, Bruyette & Woods raised Hercules Capital from a “market perform” rating to an “outperform” rating and increased their target price for the company from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price target on shares of Hercules Capital in a research note on Friday, February 14th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hercules Capital 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.