Hercules Capital, Inc. (NYSE:HTGC) Stock Holdings Boosted by Ares Management LLC

Ares Management LLC lifted its position in Hercules Capital, Inc. (NYSE:HTGC) by 14.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 226,606 shares of the financial services provider’s stock after buying an additional 28,300 shares during the quarter. Hercules Capital makes up approximately 0.0% of Ares Management LLC’s investment portfolio, making the stock its 27th largest position. Ares Management LLC’s holdings in Hercules Capital were worth $4,553,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Rockefeller Capital Management L.P. boosted its holdings in shares of Hercules Capital by 0.4% in the fourth quarter. Rockefeller Capital Management L.P. now owns 138,364 shares of the financial services provider’s stock worth $2,780,000 after buying an additional 496 shares during the period. Morse Asset Management Inc increased its stake in shares of Hercules Capital by 1.7% in the third quarter. Morse Asset Management Inc now owns 34,900 shares of the financial services provider’s stock worth $685,000 after acquiring an additional 600 shares during the last quarter. Naples Global Advisors LLC raised its holdings in shares of Hercules Capital by 1.0% during the fourth quarter. Naples Global Advisors LLC now owns 62,259 shares of the financial services provider’s stock worth $1,251,000 after acquiring an additional 600 shares in the last quarter. Sand Hill Global Advisors LLC boosted its position in Hercules Capital by 2.5% during the fourth quarter. Sand Hill Global Advisors LLC now owns 27,417 shares of the financial services provider’s stock valued at $551,000 after purchasing an additional 665 shares during the last quarter. Finally, Nations Financial Group Inc. IA ADV increased its holdings in Hercules Capital by 0.9% in the fourth quarter. Nations Financial Group Inc. IA ADV now owns 92,447 shares of the financial services provider’s stock worth $1,857,000 after buying an additional 799 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Down 1.5 %

NYSE HTGC opened at $17.87 on Thursday. The stock’s 50 day simple moving average is $18.50 and its 200 day simple moving average is $19.46. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The firm has a market cap of $3.14 billion, a PE ratio of 11.10 and a beta of 1.13.

Hercules Capital (NYSE:HTGC) last announced 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 during the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. As a group, sell-side analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be given a dividend of $0.40 per share. The ex-dividend date is Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 8.95%. Hercules Capital’s payout ratio is 99.38%.

Analyst Upgrades and Downgrades

HTGC has been the subject of a number of analyst reports. Wells Fargo & Company reduced their target price on shares of Hercules Capital from $21.00 to $19.00 and set an “overweight” rating for the company in a research note on Monday. UBS Group lowered their price objective on Hercules Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. JMP Securities reaffirmed a “market outperform” rating and set a $22.00 target price on shares of Hercules Capital in a research report on Friday, February 14th. Piper Sandler dropped their price target on shares of Hercules Capital from $23.00 to $20.00 and set an “overweight” rating on the stock in a research report on Tuesday, April 8th. Finally, Compass Point raised their target price on shares of Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research note on Wednesday, February 19th. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $19.92.

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.