Tucker Asset Management LLC Has $96,000 Stake in Hercules Capital, Inc. (NYSE:HTGC)

Tucker Asset Management LLC grew its position in Hercules Capital, Inc. (NYSE:HTGC) by 921.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,763 shares of the financial services provider’s stock after purchasing an additional 5,199 shares during the quarter. Tucker Asset Management LLC’s holdings in Hercules Capital were worth $96,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Barclays PLC acquired a new stake in Hercules Capital during the third quarter worth approximately $628,000. Pathstone Family Office LLC grew its position in Hercules Capital by 33.2% during the third quarter. Pathstone Family Office LLC now owns 23,504 shares of the financial services provider’s stock worth $386,000 after buying an additional 5,860 shares in the last quarter. HighTower Advisors LLC grew its position in Hercules Capital by 2.4% during the third quarter. HighTower Advisors LLC now owns 54,801 shares of the financial services provider’s stock worth $900,000 after buying an additional 1,274 shares in the last quarter. UBS Group AG grew its position in Hercules Capital by 4.4% during the third quarter. UBS Group AG now owns 276,873 shares of the financial services provider’s stock worth $4,546,000 after buying an additional 11,621 shares in the last quarter. Finally, WINTON GROUP Ltd acquired a new stake in Hercules Capital during the third quarter worth approximately $376,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Down 0.2 %

HTGC stock traded down $0.03 during mid-day trading on Friday, reaching $19.57. 604,419 shares of the company traded hands, compared to its average volume of 771,864. The stock has a market cap of $3.17 billion, a price-to-earnings ratio of 8.90 and a beta of 1.36. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.93. Hercules Capital, Inc. has a fifty-two week low of $14.05 and a fifty-two week high of $20.01. The firm’s 50 day moving average price is $19.20 and its 200 day moving average price is $17.99.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, topping the consensus estimate of $0.48 by $0.02. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The firm had revenue of $121.55 million for the quarter, compared to analysts’ expectations of $121.86 million. During the same quarter last year, the firm earned $0.47 EPS. The company’s quarterly revenue was up 15.7% compared to the same quarter last year. As a group, equities research analysts predict that Hercules Capital, Inc. will post 2.06 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a $0.48 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.81%. Hercules Capital’s dividend payout ratio (DPR) is presently 72.73%.

Analyst Upgrades and Downgrades

HTGC has been the topic of a number of research analyst reports. JMP Securities raised their target price on Hercules Capital from $19.00 to $20.00 and gave the company a “market outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company raised their target price on Hercules Capital from $19.50 to $20.00 and gave the company an “overweight” rating in a report on Friday, May 3rd. Piper Sandler raised their target price on Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Five investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, Hercules Capital currently has an average rating of “Hold” and a consensus price target of $18.56.

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.