SVB Wealth LLC Sells 7,569 Shares of Hercules Capital, Inc. (NYSE:HTGC)

SVB Wealth LLC reduced its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 10.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 66,572 shares of the financial services provider’s stock after selling 7,569 shares during the quarter. SVB Wealth LLC’s holdings in Hercules Capital were worth $1,110,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in the stock. International Assets Investment Management LLC raised its stake in shares of Hercules Capital by 1,567.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock valued at $22,433,000 after acquiring an additional 1,265,008 shares in the last quarter. Melia Wealth LLC bought a new position in shares of Hercules Capital in the fourth quarter valued at approximately $10,922,000. Atria Wealth Solutions Inc. acquired a new stake in shares of Hercules Capital in the first quarter worth $4,706,000. Goldman Sachs Group Inc. boosted its holdings in shares of Hercules Capital by 130.2% during the 2nd quarter. Goldman Sachs Group Inc. now owns 44,478 shares of the financial services provider’s stock worth $658,000 after buying an additional 191,690 shares during the period. Finally, Left Brain Wealth Management LLC acquired a new position in Hercules Capital in the 4th quarter valued at $2,273,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Performance

HTGC opened at $18.26 on Friday. The stock’s 50 day simple moving average is $18.20 and its 200-day simple moving average is $16.93. The company has a current ratio of 2.75, a quick ratio of 2.75 and a debt-to-equity ratio of 0.86. The stock has a market cap of $2.96 billion, a PE ratio of 7.90 and a beta of 1.34. Hercules Capital, Inc. has a 1 year low of $12.40 and a 1 year high of $18.88.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.50 by $0.06. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The firm had revenue of $122.60 million for the quarter, compared to analyst estimates of $117.48 million. During the same quarter in the previous year, the firm posted $0.47 EPS. The business’s revenue for the quarter was up 22.4% on a year-over-year basis. Sell-side analysts forecast that Hercules Capital, Inc. will post 2.05 EPS for the current year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 28th were issued a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 10.51%. The ex-dividend date of this dividend was Tuesday, February 27th. Hercules Capital’s payout ratio is 69.26%.

Analysts Set New Price Targets

A number of research firms have weighed in on HTGC. Keefe, Bruyette & Woods boosted their target price on shares of Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Compass Point downgraded Hercules Capital from a “buy” rating to a “neutral” rating and increased their target price for the company from $17.00 to $17.50 in a research note on Tuesday, January 16th. Piper Sandler raised their target price on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a report on Wednesday, April 10th. JMP Securities upped their price target on Hercules Capital from $18.00 to $19.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 26th. Finally, Wells Fargo & Company raised their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a research note on Monday, January 29th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $18.00.

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.