Golden State Wealth Management LLC Has $3.98 Million Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Golden State Wealth Management LLC lifted its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 78.9% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,961 shares of the financial services provider's stock after acquiring an additional 91,303 shares during the quarter. Golden State Wealth Management LLC owned 0.12% of Hercules Capital worth $3,976,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Truist Financial Corp increased its stake in shares of Hercules Capital by 4.2% during the 4th quarter. Truist Financial Corp now owns 33,122 shares of the financial services provider's stock worth $665,000 after purchasing an additional 1,322 shares in the last quarter. Private Advisor Group LLC lifted its holdings in shares of Hercules Capital by 5.8% during the 4th quarter. Private Advisor Group LLC now owns 131,149 shares of the financial services provider's stock worth $2,635,000 after acquiring an additional 7,235 shares during the period. Sigma Planning Corp raised its stake in Hercules Capital by 8.9% during the fourth quarter. Sigma Planning Corp now owns 47,603 shares of the financial services provider's stock worth $956,000 after purchasing an additional 3,898 shares during the period. Union Bancaire Privee UBP SA acquired a new position in Hercules Capital in the fourth quarter valued at $684,000. Finally, IFP Advisors Inc lifted its stake in shares of Hercules Capital by 9.8% in the 4th quarter. IFP Advisors Inc now owns 10,943 shares of the financial services provider's stock valued at $220,000 after purchasing an additional 974 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.

Hercules Capital Stock Down 0.7%

Shares of HTGC traded down $0.12 during trading on Wednesday, reaching $17.96. The company's stock had a trading volume of 782,042 shares, compared to its average volume of 1,113,817. The company has a market cap of $3.15 billion, a price-to-earnings ratio of 13.50 and a beta of 0.93. The company has a quick ratio of 2.38, a current ratio of 2.38 and a debt-to-equity ratio of 0.99. The company has a fifty day moving average of $17.73 and a two-hundred day moving average of $19.00. Hercules Capital, Inc. has a twelve month low of $15.65 and a twelve month high of $22.04.

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 (EPS) 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 analyst estimates of $125.43 million. Hercules Capital had a net margin of 45.23% and a return on equity of 16.84%. The company's revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the company earned $0.50 earnings per share. On average, sell-side analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 8.91%. Hercules Capital's payout ratio is 120.30%.

Insider Buying and Selling

In other Hercules Capital news, Director Nikos Theodosopoulos bought 5,999 shares of the stock in a transaction on Thursday, May 8th. The stock was purchased at an average price of $17.49 per share, for a total transaction of $104,922.51. Following the completion of the purchase, the director now directly owns 11,960 shares in the company, valued at approximately $209,180.40. This trade represents a 100.64% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 1.90% of the company's stock.

Wall Street Analyst Weigh In

HTGC has been the subject of a number of research reports. Keefe, Bruyette & Woods decreased their price target on shares of Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Piper Sandler dropped their target price on Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a report on Tuesday, April 8th. UBS Group decreased their price target on Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Finally, Wells Fargo & Company dropped their price objective on shares of Hercules Capital from $21.00 to $19.00 and set an "overweight" rating on the stock in a research note on Monday, April 28th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average 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.