Ares Management LLC Has $4.55 Million Position in Hercules Capital, Inc. (NYSE:HTGC)

Ares Management LLC increased its position in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 14.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 226,606 shares of the financial services provider's stock after purchasing an additional 28,300 shares during the quarter. Hercules Capital makes up 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 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Avior Wealth Management LLC raised its holdings in shares of Hercules Capital by 177.2% in the 4th quarter. Avior Wealth Management LLC now owns 1,802 shares of the financial services provider's stock worth $36,000 after buying an additional 1,152 shares in the last quarter. Estabrook Capital Management grew 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 purchasing an additional 1,324 shares during the last quarter. Archer Investment Corp boosted its position in Hercules Capital by 345.4% in the fourth 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 acquired a new stake in shares of Hercules Capital during the fourth quarter worth approximately $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 acquiring an additional 2,693 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.

Hercules Capital Stock Performance

Hercules Capital stock traded down $0.04 during trading hours on Tuesday, hitting $17.44. The company had a trading volume of 516,680 shares, compared to its average volume of 1,246,086. The firm has a 50-day moving average of $18.29 and a 200 day moving average of $19.41. The firm has a market cap of $3.06 billion, a PE ratio of 10.83 and a beta of 0.97. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its quarterly earnings data on Thursday, May 1st. The financial services provider reported $0.45 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.46 by ($0.01). The business 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 business's revenue for the quarter was down 1.6% on a year-over-year basis. During the same period in the prior year, the firm earned $0.50 EPS. On average, sell-side analysts expect that Hercules Capital, Inc. will post 1.96 earnings per share for the current year.

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.17%. Hercules Capital's payout ratio is currently 120.30%.

Wall Street Analysts Forecast Growth

HTGC has been the subject of a number of research analyst reports. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price target on shares of Hercules Capital in a report on Friday, February 14th. Keefe, Bruyette & Woods reduced 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. UBS Group lowered their price target on shares of Hercules Capital from $20.00 to $18.00 and set a "neutral" rating for the company in a report on Thursday, April 17th. Wells Fargo & Company decreased their price objective on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating on the stock in a research report on Monday, April 28th. Finally, Piper Sandler lowered 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. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $19.92.

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.