16,282 Shares in Hercules Capital, Inc. (NYSE:HTGC) Acquired by Integrated Wealth Concepts LLC

Integrated Wealth Concepts LLC acquired a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 16,282 shares of the financial services provider's stock, valued at approximately $327,000.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in HTGC. Avior Wealth Management LLC lifted its holdings in shares of Hercules Capital by 177.2% during 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 period. Estabrook Capital Management lifted its stake in Hercules Capital by 239.0% during the 4th quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider's stock valued at $38,000 after acquiring an additional 1,324 shares during the period. Archer Investment Corp boosted its holdings in shares of Hercules Capital by 345.4% in the 4th quarter. Archer Investment Corp now owns 2,325 shares of the financial services provider's stock valued at $47,000 after acquiring an additional 1,803 shares during the last quarter. Jones Financial Companies Lllp increased its stake in shares of Hercules Capital by 199.6% in the fourth 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 during the period. Finally, Signaturefd LLC raised its holdings in shares of Hercules Capital by 86.6% during the fourth quarter. Signaturefd LLC now owns 6,634 shares of the financial services provider's stock worth $133,000 after purchasing an additional 3,079 shares during the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Price Performance

HTGC stock traded down $0.10 during trading on Friday, hitting $17.49. The stock had a trading volume of 486,201 shares, compared to its average volume of 1,065,741. The company's 50-day moving average price is $18.10 and its two-hundred day moving average price is $19.36. Hercules Capital, Inc. has a twelve month low of $15.65 and a twelve month high of $22.04. The stock has a market capitalization of $3.07 billion, a P/E ratio of 10.86 and a beta of 0.97. 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 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 business had revenue of $102.10 million during the quarter, compared to analysts' expectations of $125.43 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The business's quarterly revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.50 earnings per share. As a group, research analysts predict that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, May 20th. Investors 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 dividend on an annualized basis and a yield of 9.15%. Hercules Capital's payout ratio is 120.30%.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Keefe, Bruyette & Woods cut their price target on 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 dropped 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. Wells Fargo & Company lowered their price target 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. JMP Securities reaffirmed a "market outperform" rating and issued a $22.00 price objective on shares of Hercules Capital in a report on Friday, February 14th. Finally, Piper Sandler lowered their target price on shares of Hercules Capital from $23.00 to $20.00 and set an "overweight" rating on the stock in a research note on Tuesday, April 8th. Two equities 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 an average rating of "Moderate Buy" and a consensus target price 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.