Bramshill Investments LLC Acquires Shares of 31,312 Hercules Capital, Inc. (NYSE:HTGC)

Bramshill Investments LLC purchased a new position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 31,312 shares of the financial services provider's stock, valued at approximately $629,000.

A number of other large investors have also recently made changes to their positions in the company. Marshall Wace LLP purchased a new stake in Hercules Capital during the 4th quarter worth about $14,871,000. Van ECK Associates Corp lifted its position in shares of Hercules Capital by 10.4% during the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider's stock worth $69,078,000 after purchasing an additional 323,028 shares in the last quarter. Strategic Financial Concepts LLC grew its stake in shares of Hercules Capital by 1,909.0% during the fourth quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider's stock valued at $6,579,000 after acquiring an additional 311,167 shares in the last quarter. Schonfeld Strategic Advisors LLC purchased a new position in shares of Hercules Capital during the 4th quarter valued at approximately $5,016,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Hercules Capital in the 4th quarter worth about $3,281,000. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Stock Down 1.1 %

NYSE HTGC traded down $0.18 on Wednesday, reaching $17.29. The company had a trading volume of 1,302,184 shares, compared to its average volume of 1,066,845. The firm has a market capitalization of $3.03 billion, a price-to-earnings ratio of 10.74 and a beta of 0.97. Hercules Capital, Inc. has a 1-year low of $15.65 and a 1-year high of $22.04. The company's fifty day moving average is $18.16 and its 200-day moving average is $19.38. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The financial services provider reported $0.45 earnings per share for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business had revenue of $102.10 million for the quarter, compared to analyst estimates of $125.43 million. During the same period last year, the firm earned $0.50 EPS. Hercules Capital's quarterly revenue was down 1.6% compared to the same quarter last year. On average, research analysts forecast that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 13th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 9.26%. The ex-dividend date is Tuesday, May 13th. Hercules Capital's payout ratio is 120.30%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on the company. JMP Securities reiterated a "market outperform" rating and set a $22.00 price target on shares of Hercules Capital in a research report on Friday, February 14th. UBS Group reduced their price objective on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a research report on Thursday, April 17th. Keefe, Bruyette & Woods dropped their price target on 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 target price on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a research report on Monday, April 28th. Finally, Compass Point boosted their price target on shares of Hercules Capital from $18.25 to $20.00 and gave the company a "neutral" rating in a report on Wednesday, February 19th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $19.92.

About Hercules Capital

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.