Ares Management LLC Grows Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Ares Management LLC increased its stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 14.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 226,606 shares of the financial services provider's stock after acquiring an additional 28,300 shares during the quarter. Hercules Capital comprises about 0.0% of Ares Management LLC's portfolio, making the stock its 27th largest holding. Ares Management LLC owned approximately 0.14% of Hercules Capital worth $4,553,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Avior Wealth Management LLC increased its position in Hercules Capital by 177.2% in the fourth quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after purchasing an additional 1,152 shares during the last quarter. Estabrook Capital Management increased its holdings in shares of Hercules Capital by 239.0% in the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock worth $38,000 after buying an additional 1,324 shares during the last quarter. Archer Investment Corp raised its position in shares of Hercules Capital by 345.4% during the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after buying an additional 1,803 shares in the last quarter. Quarry LP bought a new position in shares of Hercules Capital in the 4th quarter valued at about $48,000. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Hercules Capital by 199.6% in the 4th quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider's stock worth $81,000 after purchasing an additional 2,693 shares during the period. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Stock Down 0.9 %

NYSE:HTGC traded down $0.16 during midday trading on Friday, reaching $17.65. 1,788,438 shares of the stock traded hands, compared to its average volume of 1,066,623. The business has a 50-day moving average of $18.35 and a two-hundred day moving average of $19.43. 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, Inc. has a 12-month low of $15.65 and a 12-month high of $22.04. The stock has a market capitalization of $3.10 billion, a PE ratio of 10.96 and a beta of 0.97.

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

Hercules Capital Cuts Dividend

The business also recently declared 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. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a yield of 9.07%. Hercules Capital's payout ratio is 120.30%.

Analysts Set New Price Targets

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