Integrated Wealth Concepts LLC Acquires Shares of 16,282 Hercules Capital, Inc. (NYSE:HTGC)

Integrated Wealth Concepts LLC bought a new position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 16,282 shares of the financial services provider's stock, valued at approximately $327,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Left Brain Wealth Management LLC grew its holdings in Hercules Capital by 32.2% during the 4th quarter. Left Brain Wealth Management LLC now owns 275,876 shares of the financial services provider's stock worth $5,542,000 after acquiring an additional 67,215 shares in the last quarter. Franklin Resources Inc. increased its holdings in Hercules Capital by 28.0% in the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider's stock valued at $7,667,000 after buying an additional 84,780 shares during the last quarter. Tectonic Advisors LLC raised its stake in Hercules Capital by 14.0% in the fourth quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider's stock valued at $9,921,000 after buying an additional 60,776 shares in the last quarter. Marshall Wace LLP purchased a new stake in Hercules Capital during the fourth quarter worth approximately $14,871,000. Finally, Magnetar Financial LLC acquired a new position in shares of Hercules Capital in the 4th quarter valued at $324,000. Hedge funds and other institutional investors own 19.69% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the company. Compass Point raised their price objective on Hercules Capital from $18.25 to $20.00 and gave the stock a "neutral" rating in a report on Wednesday, February 19th. Piper Sandler cut their target price 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. Wells Fargo & Company decreased their price target on Hercules Capital from $21.00 to $19.00 and set an "overweight" rating for the company in a report on Monday, April 28th. Keefe, Bruyette & Woods cut their price objective on Hercules Capital from $21.50 to $20.50 and set an "outperform" rating for the company in a research report on Tuesday, April 8th. Finally, JMP Securities reaffirmed a "market outperform" rating and set a $22.00 price target on shares of Hercules Capital in a research note on Friday, February 14th. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $19.92.

Hercules Capital Price Performance

Shares of HTGC traded down $0.03 during mid-day trading on Tuesday, reaching $17.45. 1,242,618 shares of the company's stock were exchanged, compared to its average volume of 1,065,498. Hercules Capital, Inc. has a 52-week low of $15.65 and a 52-week high of $22.04. The company has a market cap of $3.06 billion, a price-to-earnings ratio of 10.84 and a beta of 0.97. The company has a 50-day simple moving average of $18.23 and a two-hundred day simple moving average of $19.39. The company has a quick ratio of 2.72, a current ratio of 2.72 and a debt-to-equity ratio of 0.89.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its earnings results 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). Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. The firm had revenue of $102.10 million for the quarter, compared to analyst estimates of $125.43 million. During the same quarter last year, the business posted $0.50 EPS. The firm's revenue was down 1.6% compared to the same quarter last year. 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 will be paid on Tuesday, May 20th. Shareholders of record on Tuesday, May 13th will be issued a $0.40 dividend. The ex-dividend date is Tuesday, May 13th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 9.17%. Hercules Capital's dividend payout ratio (DPR) is presently 120.30%.

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.