Mirador Capital Partners LP Purchases 2,850 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Mirador Capital Partners LP grew its stake in Hercules Capital, Inc. (NYSE:HTGC) by 7.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 43,077 shares of the financial services provider’s stock after purchasing an additional 2,850 shares during the quarter. Mirador Capital Partners LP’s holdings in Hercules Capital were worth $865,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. International Assets Investment Management LLC boosted its position in shares of Hercules Capital by 1,861.8% in the third quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock valued at $79,960,000 after acquiring an additional 386,367 shares during the period. Van ECK Associates Corp raised its holdings in Hercules Capital by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock worth $61,873,000 after purchasing an additional 290,579 shares in the last quarter. Franklin Resources Inc. grew its stake in Hercules Capital by 28.0% in the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after purchasing an additional 84,780 shares during the period. Tectonic Advisors LLC boosted its position in shares of Hercules Capital by 17.0% in the 3rd quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock worth $8,505,000 after purchasing an additional 62,826 shares in the last quarter. Finally, Sound Income Strategies LLC raised its holdings in Hercules Capital by 1.8% in the third quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock worth $53,761,000 after buying an additional 47,672 shares during the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. 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 report on Thursday, December 12th. JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price target on shares of Hercules Capital in a research note on Monday, January 6th. Finally, Wells Fargo & Company lifted their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Tuesday, October 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Hercules Capital currently has a consensus rating of “Moderate Buy” and an average price target of $20.90.

Hercules Capital Trading Up 0.5 %

NYSE:HTGC opened at $20.34 on Thursday. Hercules Capital, Inc. has a 52-week low of $16.72 and a 52-week high of $21.78. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $3.30 billion, a PE ratio of 10.07 and a beta of 1.35. The stock’s 50 day moving average price is $19.44 and its 200 day moving average price is $19.64.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. The firm had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same quarter in the prior year, the company earned $0.52 EPS. On average, research analysts anticipate that Hercules Capital, Inc. will post 2.01 EPS for the current year.

Hercules Capital Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were issued a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.44%. Hercules Capital’s dividend payout ratio is currently 79.21%.

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.