Delphi Management Inc. MA Buys 2,360 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Delphi Management Inc. MA lifted its stake in Hercules Capital, Inc. (NYSE:HTGC) by 3.1% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,426 shares of the financial services provider’s stock after purchasing an additional 2,360 shares during the quarter. Hercules Capital comprises approximately 1.5% of Delphi Management Inc. MA’s holdings, making the stock its 17th largest position. Delphi Management Inc. MA’s holdings in Hercules Capital were worth $1,555,000 as of its most recent SEC filing.

A number of other hedge funds have also recently made changes to their positions in HTGC. Avior Wealth Management LLC lifted its position 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 acquiring an additional 1,152 shares in the last quarter. Archer Investment Corp lifted its position 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 acquiring an additional 1,803 shares in the last quarter. Nomura Asset Management Co. Ltd. lifted its position 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 acquiring an additional 1,279 shares in the last quarter. Jones Financial Companies Lllp lifted its position in Hercules Capital by 199.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider’s stock valued at $81,000 after acquiring an additional 2,693 shares in the last quarter. Finally, Signaturefd LLC raised its stake in Hercules Capital by 86.6% during the 4th quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider’s stock valued at $133,000 after buying an additional 3,079 shares during the last quarter. 19.69% of the stock is owned by institutional investors.

Hercules Capital Trading Up 1.8 %

NYSE:HTGC opened at $18.84 on Tuesday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. The firm has a market capitalization of $3.26 billion, a price-to-earnings ratio of 11.70 and a beta of 1.38. Hercules Capital, Inc. has a one year low of $16.95 and a one year high of $22.04. The business has a fifty day moving average price of $20.40 and a 200-day moving average price of $19.80.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 EPS for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $121.78 million during the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. Sell-side analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Shareholders of record on Wednesday, February 26th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 9.98%. Hercules Capital’s dividend payout ratio is presently 99.38%.

Analysts Set New Price Targets

HTGC has been the subject of a number of research reports. JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research note on Friday, February 14th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, Compass Point boosted their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. One equities research analyst has rated the stock with a hold rating and four have given 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 price target of $21.40.

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.