Public Employees Retirement System of Ohio raised its holdings in shares of Hercules Capital Inc (NYSE:HTGC) by 43.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 134,450 shares of the financial services provider’s stock after acquiring an additional 40,700 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.14% of Hercules Capital worth $1,486,000 at the end of the most recent quarter.
A number of other large investors have also added to or reduced their stakes in the business. SHANDA ASSET MANAGEMENT HOLDINGS Ltd raised its stake in Hercules Capital by 28.9% during the fourth quarter. SHANDA ASSET MANAGEMENT HOLDINGS Ltd now owns 2,102,327 shares of the financial services provider’s stock worth $23,231,000 after acquiring an additional 471,571 shares in the last quarter. Sound Income Strategies LLC raised its stake in Hercules Capital by 4.7% during the fourth quarter. Sound Income Strategies LLC now owns 1,169,461 shares of the financial services provider’s stock worth $14,069,000 after acquiring an additional 52,097 shares in the last quarter. Morgan Stanley grew its holdings in shares of Hercules Capital by 5.1% during the third quarter. Morgan Stanley now owns 782,760 shares of the financial services provider’s stock worth $10,301,000 after purchasing an additional 37,681 shares during the last quarter. Van ECK Associates Corp grew its holdings in shares of Hercules Capital by 1.7% during the fourth quarter. Van ECK Associates Corp now owns 737,954 shares of the financial services provider’s stock worth $8,154,000 after purchasing an additional 12,368 shares during the last quarter. Finally, Monarch Partners Asset Management LLC grew its holdings in shares of Hercules Capital by 145.0% during the fourth quarter. Monarch Partners Asset Management LLC now owns 733,428 shares of the financial services provider’s stock worth $8,104,000 after purchasing an additional 434,050 shares during the last quarter. 35.93% of the stock is currently owned by institutional investors.
Shares of NYSE HTGC traded up $0.78 during mid-day trading on Friday, reaching $13.70. 1,280,265 shares of the company’s stock were exchanged, compared to its average volume of 766,339. Hercules Capital Inc has a twelve month low of $10.57 and a twelve month high of $14.17. The firm has a market cap of $1.33 billion, a P/E ratio of 11.51, a P/E/G ratio of 9.77 and a beta of 1.02. The company has a debt-to-equity ratio of 0.95, a current ratio of 2.42 and a quick ratio of 2.42.
The business also recently declared a quarterly dividend, which will be paid on Monday, May 20th. Shareholders of record on Monday, May 13th will be paid a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a yield of 9.34%. This is an increase from Hercules Capital’s previous quarterly dividend of $0.31. The ex-dividend date of this dividend is Friday, May 10th. Hercules Capital’s dividend payout ratio (DPR) is currently 104.20%.
Several analysts have recently commented on HTGC shares. B. Riley upgraded Hercules Capital from a “neutral” rating to a “buy” rating and increased their target price for the stock from $11.50 to $15.00 in a report on Friday. Zacks Investment Research upgraded Hercules Capital from a “hold” rating to a “buy” rating and set a $14.00 price target on the stock in a report on Wednesday, April 24th. Wedbush decreased their price target on Hercules Capital from $15.00 to $13.50 and set a “hold” rating on the stock in a report on Wednesday, March 13th. Keefe, Bruyette & Woods cut Hercules Capital from an “outperform” rating to a “market perform” rating and decreased their price target for the company from $14.00 to $11.50 in a report on Wednesday, March 13th. Finally, Compass Point lowered Hercules Capital from a “buy” rating to a “neutral” rating in a research note on Tuesday, March 12th. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Hercules Capital has an average rating of “Buy” and a consensus target price of $13.79.
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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.
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