Hercules Capital, Inc. (NYSE:HTGC) Stock Holdings Raised by Sound Income Strategies LLC

Sound Income Strategies LLC boosted its stake in Hercules Capital, Inc. (NYSE:HTGC) by 2.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 2,815,214 shares of the financial services provider’s stock after acquiring an additional 77,869 shares during the quarter. Hercules Capital comprises about 3.5% of Sound Income Strategies LLC’s holdings, making the stock its largest holding. Sound Income Strategies LLC’s holdings in Hercules Capital were worth $56,558,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the company. International Assets Investment Management LLC grew its position in shares of Hercules Capital by 1,861.8% in the 3rd quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock worth $79,960,000 after acquiring an additional 386,367 shares in the last quarter. Van ECK Associates Corp lifted its stake in Hercules Capital by 10.3% during the third 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 during the last quarter. Franklin Resources Inc. boosted its holdings 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 increased its stake in Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after purchasing an additional 62,826 shares during the last quarter. Finally, BNP Paribas Financial Markets raised its holdings in shares of Hercules Capital by 511.2% during the third quarter. BNP Paribas Financial Markets now owns 53,068 shares of the financial services provider’s stock worth $1,042,000 after purchasing an additional 44,386 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Price Performance

NYSE HTGC opened at $20.95 on Friday. The company has a 50-day moving average price of $19.59 and a two-hundred day moving average price of $19.64. Hercules Capital, Inc. has a 52 week low of $16.72 and a 52 week high of $21.78. The stock has a market cap of $3.40 billion, a price-to-earnings ratio of 10.37 and a beta of 1.35. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The business had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. During the same period in the prior year, the company posted $0.52 EPS. Analysts forecast that Hercules Capital, Inc. will post 2.01 EPS for the current year.

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were paid a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.17%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s dividend payout ratio is currently 79.21%.

Analysts Set New Price Targets

Several research analysts have recently commented on HTGC shares. Keefe, Bruyette & Woods raised shares of Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $19.50 to $21.50 in a report on Thursday, December 12th. JMP Securities reiterated a “market outperform” rating and set a $22.00 price target on shares of Hercules Capital in a research report on Monday, January 6th. Finally, Wells Fargo & Company boosted their price objective on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th.

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.