Barclays PLC Acquires New Position in Hercules Capital, Inc. (NYSE:HTGC)

Barclays PLC bought a new stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm bought 71,036 shares of the financial services provider's stock, valued at approximately $1,427,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Left Brain Wealth Management LLC raised its holdings in shares of Hercules Capital by 32.2% in the fourth quarter. Left Brain Wealth Management LLC now owns 275,876 shares of the financial services provider's stock valued at $5,542,000 after purchasing an additional 67,215 shares during the last quarter. Franklin Resources Inc. grew its position in shares of Hercules Capital by 28.0% in the 3rd quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock worth $7,667,000 after buying an additional 84,780 shares during the last quarter. Tectonic Advisors LLC grew its stake in Hercules Capital by 14.0% in the fourth quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider's stock worth $9,921,000 after purchasing an additional 60,776 shares during the period. Magnetar Financial LLC purchased a new stake in shares of Hercules Capital in the fourth quarter worth $324,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Hercules Capital in the 4th quarter worth about $3,281,000. Institutional investors own 19.69% of the company's stock.

Hercules Capital Stock Down 0.3 %

Shares of HTGC stock traded down $0.06 during trading hours on Friday, hitting $17.53. 440,216 shares of the company were exchanged, compared to its average volume of 1,065,569. Hercules Capital, Inc. has a 52 week low of $15.65 and a 52 week high of $22.04. The company has a market capitalization of $3.08 billion, a PE ratio of 10.89 and a beta of 0.97. 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 business has a 50 day moving average of $18.10 and a two-hundred day moving average of $19.36.

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

Hercules Capital Cuts Dividend

The company also recently disclosed 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 annualized dividend and a dividend yield of 9.13%. Hercules Capital's payout ratio is 120.30%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Keefe, Bruyette & Woods decreased 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 report on Tuesday, April 8th. Piper Sandler decreased their target price on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating for the company in a research note on Tuesday, April 8th. Wells Fargo & Company reduced their price target on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Finally, UBS Group reduced their price objective on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating on the stock in a research note on Thursday, April 17th. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, Hercules Capital has a consensus 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.