Hercules Capital, Inc. (NYSE:HTGC) Shares Acquired by Bank of New York Mellon Corp

Bank of New York Mellon Corp increased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 67.5% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,380 shares of the financial services provider’s stock after purchasing an additional 33,191 shares during the quarter. Bank of New York Mellon Corp’s holdings in Hercules Capital were worth $1,655,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of the stock. Avior Wealth Management LLC raised its position in 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 worth $36,000 after acquiring an additional 1,152 shares in the last quarter. Archer Investment Corp raised its position in Hercules Capital by 345.4% in the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock worth $47,000 after acquiring an additional 1,803 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in Hercules Capital by 45.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,279 shares in the last quarter. IFP Advisors Inc raised its position in Hercules Capital by 9.8% in the fourth quarter. IFP Advisors Inc now owns 10,943 shares of the financial services provider’s stock worth $220,000 after acquiring an additional 974 shares in the last quarter. Finally, Stephens Inc. AR bought a new stake in Hercules Capital in the fourth quarter worth about $242,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

HTGC has been the topic of several research reports. Compass Point boosted their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $19.50 to $21.50 in a research report on Thursday, December 12th. Finally, JMP Securities restated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a report on Friday, February 14th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $21.40.

Hercules Capital Price Performance

NYSE HTGC opened at $19.26 on Friday. The stock’s 50-day moving average price is $20.33 and its two-hundred day moving average price is $19.79. The company has a current ratio of 2.72, a quick ratio of 2.72 and a debt-to-equity ratio of 0.89. The company has a market cap of $3.33 billion, a PE ratio of 11.96 and a beta of 1.38. Hercules Capital, Inc. has a 1 year low of $16.95 and a 1 year high of $22.04.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. The company had revenue of $121.78 million for the quarter, compared to the consensus estimate of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. On average, analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders 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 dividend yield of 9.76%. Hercules Capital’s dividend payout ratio is 99.38%.

About Hercules Capital

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.