Miller Howard Investments Inc. NY Cuts Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Miller Howard Investments Inc. NY reduced its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 32.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 270,000 shares of the financial services provider's stock after selling 130,000 shares during the period. Miller Howard Investments Inc. NY owned approximately 0.18% of Hercules Capital worth $4,501,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Money Concepts Capital Corp raised its position in Hercules Capital by 220.3% during the fourth quarter. Money Concepts Capital Corp now owns 2,883 shares of the financial services provider's stock valued at $38,000 after purchasing an additional 1,983 shares in the last quarter. ICA Group Wealth Management LLC acquired a new position in Hercules Capital during the fourth quarter valued at approximately $40,000. Coppell Advisory Solutions Corp. acquired a new position in Hercules Capital during the fourth quarter valued at approximately $42,000. Tower Research Capital LLC TRC raised its position in Hercules Capital by 1,677.4% during the third quarter. Tower Research Capital LLC TRC now owns 3,306 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 3,120 shares in the last quarter. Finally, BNP Paribas Arbitrage SNC raised its position in Hercules Capital by 1,105.2% during the third quarter. BNP Paribas Arbitrage SNC now owns 3,688 shares of the financial services provider's stock valued at $43,000 after purchasing an additional 3,382 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on HTGC. Wells Fargo & Company upped their price target on shares of Hercules Capital from $17.00 to $18.00 and gave the stock an "overweight" rating in a report on Monday, January 29th. Piper Sandler upped their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a report on Wednesday. Keefe, Bruyette & Woods increased their price objective on Hercules Capital from $17.00 to $18.00 and gave the company a "market perform" rating in a report on Friday, February 16th. Compass Point downgraded Hercules Capital from a "buy" rating to a "neutral" rating and increased their price objective for the company from $17.00 to $17.50 in a report on Tuesday, January 16th. Finally, JMP Securities increased their price objective on Hercules Capital from $18.00 to $19.00 and gave the company a "market outperform" rating in a report on Tuesday, March 26th. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, Hercules Capital presently has a consensus rating of "Hold" and a consensus price target of $18.00.

Hercules Capital Trading Down 0.4 %

HTGC traded down $0.07 during trading on Wednesday, reaching $18.34. 738,885 shares of the stock traded hands, compared to its average volume of 921,288. The company has a quick ratio of 2.75, a current ratio of 2.75 and a debt-to-equity ratio of 0.86. The stock has a market capitalization of $2.90 billion, a PE ratio of 7.94 and a beta of 1.34. The stock's 50-day moving average is $18.07 and its 200 day moving average is $16.85. Hercules Capital, Inc. has a 12 month low of $12.29 and a 12 month high of $18.88.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The financial services provider reported $0.56 EPS for the quarter, beating analysts' consensus estimates of $0.50 by $0.06. The business had revenue of $122.60 million for the quarter, compared to analysts' expectations of $117.48 million. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The business's quarterly revenue was up 22.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.47 earnings per share. Equities analysts anticipate that Hercules Capital, Inc. will post 2.05 earnings per share for the current year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 28th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, February 27th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.47%. Hercules Capital's dividend payout ratio (DPR) is presently 69.26%.

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.