Hercules Capital, Inc. $HTGC Shares Sold by FJ Capital Management LLC

FJ Capital Management LLC lessened its position in Hercules Capital, Inc. (NYSE:HTGC) by 16.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 169,984 shares of the financial services provider’s stock after selling 34,007 shares during the period. FJ Capital Management LLC owned approximately 0.09% of Hercules Capital worth $3,199,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Hercules Capital in the 4th quarter valued at about $27,000. Caitlin John LLC bought a new stake in Hercules Capital during the third quarter worth approximately $29,000. Cornerstone Planning Group LLC acquired a new position in Hercules Capital during the 4th quarter worth $29,000. Northwestern Mutual Wealth Management Co. boosted its stake in Hercules Capital by 113.1% during the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,884 shares of the financial services provider’s stock valued at $35,000 after purchasing an additional 1,000 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. acquired a new stake in shares of Hercules Capital in the fourth quarter worth $53,000. Institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

HTGC has been the subject of several research analyst reports. Piper Sandler lifted their price objective on Hercules Capital from $16.50 to $17.00 and gave the company a “neutral” rating in a research report on Wednesday, May 6th. Citizens Jmp decreased their target price on Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating for the company in a research note on Wednesday, April 22nd. Keefe, Bruyette & Woods cut their price objective on shares of Hercules Capital from $19.00 to $18.00 and set an “outperform” rating on the stock in a research report on Thursday, April 16th. Weiss Ratings downgraded shares of Hercules Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, February 24th. Finally, UBS Group upped their price target on shares of Hercules Capital from $15.00 to $15.50 and gave the company a “neutral” rating in a research note on Monday, May 18th. One investment analyst has rated the stock with a Strong Buy rating, four have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $18.21.

Hercules Capital Stock Down 0.0%

NYSE:HTGC opened at $15.51 on Friday. Hercules Capital, Inc. has a 52 week low of $13.70 and a 52 week high of $19.67. The firm has a market capitalization of $2.90 billion, a PE ratio of 8.76 and a beta of 0.80. The company has a current ratio of 1.89, a quick ratio of 1.89 and a debt-to-equity ratio of 1.14. The stock has a 50 day moving average of $15.55 and a 200-day moving average of $16.51.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Tuesday, May 5th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Hercules Capital had a return on equity of 16.05% and a net margin of 59.85%.The business had revenue of $134.94 million during the quarter, compared to analysts’ expectations of $141.39 million. During the same quarter last year, the business posted $0.45 earnings per share. The company’s quarterly revenue was up 18.4% on a year-over-year basis. Analysts predict that Hercules Capital, Inc. will post 1.93 EPS for the current year.

Hercules Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, May 21st. Investors of record on Thursday, May 14th were given a dividend of $0.07 per share. The ex-dividend date of this dividend was Thursday, May 14th. This represents a $0.28 dividend on an annualized basis and a yield of 1.8%. Hercules Capital’s dividend payout ratio (DPR) is presently 90.40%.

About Hercules Capital

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.