Access Investment Management LLC Invests $637,000 in Hercules Capital, Inc. (NYSE:HTGC)

Access Investment Management LLC purchased a new stake in Hercules Capital, Inc. (NYSE:HTGC - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm purchased 38,200 shares of the financial services provider's stock, valued at approximately $637,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of HTGC. Cambridge Investment Research Advisors Inc. raised its stake in Hercules Capital by 4.7% in the third quarter. Cambridge Investment Research Advisors Inc. now owns 107,094 shares of the financial services provider's stock valued at $1,758,000 after buying an additional 4,805 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its position in shares of Hercules Capital by 17.3% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 46,808 shares of the financial services provider's stock valued at $769,000 after purchasing an additional 6,901 shares during the last quarter. Stratos Wealth Partners LTD. acquired a new stake in Hercules Capital in the 3rd quarter worth approximately $203,000. Mirae Asset Global Investments Co. Ltd. grew its position in Hercules Capital by 2.9% during the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 28,722 shares of the financial services provider's stock worth $472,000 after purchasing an additional 816 shares during the last quarter. Finally, Hennion & Walsh Asset Management Inc. increased its stake in Hercules Capital by 13.1% during the 3rd quarter. Hennion & Walsh Asset Management Inc. now owns 130,000 shares of the financial services provider's stock valued at $2,135,000 after purchasing an additional 15,059 shares in the last quarter. Hedge funds and other institutional investors own 19.69% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on HTGC shares. Wells Fargo & Company boosted their price objective on shares of Hercules Capital from $19.50 to $20.00 and gave the company an "overweight" rating in a report on Friday, May 3rd. Keefe, Bruyette & Woods raised their price objective on Hercules Capital from $18.00 to $19.00 and gave the stock a "market perform" rating in a research note on Friday, May 3rd. JMP Securities upped their target price on Hercules Capital from $19.00 to $20.00 and gave the company a "market outperform" rating in a research report on Friday, May 3rd. Piper Sandler raised their price target on shares of Hercules Capital from $21.00 to $21.50 and gave the stock an "overweight" rating in a research report on Friday, May 3rd. Finally, Compass Point downgraded shares of Hercules Capital from a "buy" rating to a "neutral" rating and upped their price objective for the company from $17.00 to $17.50 in a report on Tuesday, January 16th. Five equities research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat, Hercules Capital has an average rating of "Hold" and an average price target of $18.56.

Hercules Capital Stock Performance

Shares of HTGC traded up $0.04 during trading hours on Friday, hitting $19.90. The stock had a trading volume of 1,540,640 shares, compared to its average volume of 887,844. The firm has a 50-day moving average price of $18.57 and a 200 day moving average price of $17.31. Hercules Capital, Inc. has a fifty-two week low of $13.01 and a fifty-two week high of $20.01. The firm has a market capitalization of $3.23 billion, a price-to-earnings ratio of 9.05 and a beta of 1.32. The company has a debt-to-equity ratio of 0.93, a quick ratio of 2.47 and a current ratio of 2.47.

Hercules Capital (NYSE:HTGC - Get Free Report) last posted its earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. The business had revenue of $121.55 million for the quarter, compared to analyst estimates of $121.86 million. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The company's revenue for the quarter was up 15.7% on a year-over-year basis. During the same period in the prior year, the company posted $0.47 EPS. As a group, research analysts anticipate that Hercules Capital, Inc. will post 2.06 EPS for the current year.

Hercules Capital Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th will be paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.65%. The ex-dividend date of this dividend is Monday, May 13th. Hercules Capital's payout ratio is 72.73%.

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.