Lido Advisors LLC Cuts Position in Hercules Capital, Inc. (NYSE:HTGC)

Lido Advisors LLC reduced its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 5.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 59,584 shares of the financial services provider’s stock after selling 3,582 shares during the period. Lido Advisors LLC’s holdings in Hercules Capital were worth $1,197,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also modified their holdings of HTGC. Avior Wealth Management LLC lifted its stake in Hercules Capital by 177.2% during the 4th 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. Estabrook Capital Management boosted its stake in shares of Hercules Capital by 239.0% in the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,324 shares during the period. Archer Investment Corp grew its holdings in shares of Hercules Capital by 345.4% in the fourth quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 1,803 shares in the last quarter. Quarry LP purchased a new stake in Hercules Capital during the 4th quarter worth approximately $48,000. Finally, Jones Financial Companies Lllp lifted its holdings in Hercules Capital by 199.6% during the 4th quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider’s stock worth $81,000 after buying an additional 2,693 shares in the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on HTGC shares. JMP Securities reaffirmed a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Compass Point increased their price target on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. Keefe, Bruyette & Woods cut their target price on shares of Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a research note on Tuesday, April 8th. Wells Fargo & Company decreased their price target 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, April 28th. Finally, Piper Sandler dropped their price objective 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. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $19.92.

Hercules Capital Stock Down 0.9 %

HTGC opened at $17.65 on Friday. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72. The stock has a market capitalization of $3.10 billion, a P/E ratio of 10.96 and a beta of 1.13. The business’s 50-day simple moving average is $18.35 and its 200-day simple moving average is $19.44.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing the consensus estimate of $0.46 by ($0.01). Hercules Capital had a net margin of 53.28% and a return on equity of 17.19%. The company had revenue of $102.10 million for the quarter, compared to analysts’ expectations of $125.43 million. During the same period in the prior year, the company earned $0.50 earnings per share. The firm’s revenue was down 1.6% on a year-over-year basis. Analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current year.

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend is Tuesday, May 13th. Hercules Capital’s payout ratio is 99.38%.

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.