Hercules Capital, Inc. (NYSE:HTGC) Position Increased by International Assets Investment Management LLC

International Assets Investment Management LLC grew its stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 1,567.0% during the 4th quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 1,345,736 shares of the financial services provider's stock after purchasing an additional 1,265,008 shares during the period. International Assets Investment Management LLC owned approximately 0.89% of Hercules Capital worth $22,433,000 at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in the stock. Money Concepts Capital Corp increased its stake in Hercules Capital by 220.3% in the 4th 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 purchased a new position in shares of Hercules Capital in the fourth quarter valued at $40,000. Coppell Advisory Solutions Corp. acquired a new position in shares of Hercules Capital during the 4th quarter worth $42,000. BNP Paribas Arbitrage SNC boosted its position in shares of Hercules Capital by 1,105.2% in the 3rd quarter. BNP Paribas Arbitrage SNC now owns 3,688 shares of the financial services provider's stock worth $43,000 after buying an additional 3,382 shares in the last quarter. Finally, Tower Research Capital LLC TRC grew its stake in Hercules Capital by 1,677.4% in the 3rd quarter. Tower Research Capital LLC TRC now owns 3,306 shares of the financial services provider's stock valued at $54,000 after acquiring an additional 3,120 shares during the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

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

Hercules Capital Trading Up 0.4 %

Hercules Capital stock traded up $0.08 during trading on Thursday, hitting $18.41. The company's stock had a trading volume of 729,985 shares, compared to its average volume of 918,562. The stock's fifty day moving average is $18.09 and its 200 day moving average is $16.86. Hercules Capital, Inc. has a 1-year low of $12.34 and a 1-year high of $18.88. The stock has a market capitalization of $2.92 billion, a price-to-earnings ratio of 7.94 and a beta of 1.34. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.75 and a current ratio of 2.75.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.56 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.06. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The business had revenue of $122.60 million for the quarter, compared to analyst estimates of $117.48 million. During the same period in the prior year, the firm posted $0.47 EPS. The company's revenue was up 22.4% on a year-over-year basis. As a group, equities research analysts predict that Hercules Capital, Inc. will post 2.05 EPS for the current year.

Hercules Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Stockholders of record on Wednesday, February 28th were issued 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 10.43%. Hercules Capital's payout ratio is 69.26%.

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.