Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC grew its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 7.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,441 shares of the financial services provider’s stock after buying an additional 1,568 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Hercules Capital were worth $431,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. Kathleen S. Wright Associates Inc. acquired a new stake in Hercules Capital in the third quarter valued at $31,000. Avior Wealth Management LLC lifted its stake in shares of Hercules Capital by 177.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 1,152 shares during the period. Farther Finance Advisors LLC boosted its holdings in Hercules Capital by 59,650.0% during the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock worth $47,000 after buying an additional 2,386 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its position in Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,279 shares during the period. Finally, Armstrong Advisory Group Inc. increased its holdings in Hercules Capital by 198.9% in the third quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after buying an additional 3,580 shares in the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Price Performance

Shares of NYSE:HTGC opened at $21.07 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The business’s fifty day moving average price is $19.63 and its two-hundred day moving average price is $19.64. The stock has a market cap of $3.42 billion, a PE ratio of 10.43 and a beta of 1.35. Hercules Capital, Inc. has a one year low of $16.72 and a one year high of $21.78.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. The firm had revenue of $125.25 million during the quarter, compared to analysts’ expectations 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 last year, the business posted $0.52 EPS. On average, analysts forecast that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were given a dividend of $0.48 per share. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.11%. Hercules Capital’s dividend payout ratio (DPR) is currently 79.21%.

Wall Street Analyst Weigh In

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

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.