Prevail Innovative Wealth Advisors LLC Sells 94,699 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Prevail Innovative Wealth Advisors LLC reduced its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 61.0% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 60,513 shares of the financial services provider’s stock after selling 94,699 shares during the period. Prevail Innovative Wealth Advisors LLC’s holdings in Hercules Capital were worth $1,216,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Morse Asset Management Inc boosted its position in Hercules Capital by 1.7% in the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider’s stock valued at $685,000 after buying an additional 600 shares in the last quarter. Naples Global Advisors LLC boosted its holdings in shares of Hercules Capital by 1.0% in the 4th quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider’s stock worth $1,251,000 after acquiring an additional 600 shares in the last quarter. Captrust Financial Advisors grew its position in Hercules Capital by 3.7% during the 3rd quarter. Captrust Financial Advisors now owns 21,215 shares of the financial services provider’s stock worth $417,000 after acquiring an additional 763 shares during the last quarter. Nations Financial Group Inc. IA ADV increased its holdings in Hercules Capital by 0.9% during the 4th quarter. Nations Financial Group Inc. IA ADV now owns 92,447 shares of the financial services provider’s stock valued at $1,857,000 after purchasing an additional 799 shares in the last quarter. Finally, SteelPeak Wealth LLC raised its position in Hercules Capital by 2.7% in the 4th quarter. SteelPeak Wealth LLC now owns 30,307 shares of the financial services provider’s stock valued at $609,000 after purchasing an additional 804 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Stock Performance

Shares of NYSE:HTGC opened at $19.27 on Friday. 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, Inc. has a 1-year low of $16.95 and a 1-year high of $22.04. The stock has a market capitalization of $3.34 billion, a P/E ratio of 11.97 and a beta of 1.38. The business has a 50-day moving average price of $20.24 and a two-hundred day moving average price of $19.82.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting the consensus estimate 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 for the quarter, compared to analyst estimates of $124.09 million. Equities analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were issued a $0.47 dividend. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 9.76%. Hercules Capital’s dividend payout ratio is presently 99.38%.

Wall Street Analysts Forecast Growth

HTGC has been the topic of several research analyst reports. Compass Point increased their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, JMP Securities reiterated a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock 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.