Sanctuary Advisors LLC Increases Position in Hercules Capital, Inc. (NYSE:HTGC)

Sanctuary Advisors LLC grew its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 56.5% in the third quarter, according to its most recent disclosure with the SEC. The fund owned 18,818 shares of the financial services provider’s stock after buying an additional 6,792 shares during the period. Sanctuary Advisors LLC’s holdings in Hercules Capital were worth $353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in HTGC. HHM Wealth Advisors LLC purchased a new stake in shares of Hercules Capital in the second quarter valued at about $31,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Hercules Capital in the third quarter valued at about $31,000. Farther Finance Advisors LLC raised its holdings in shares of Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after buying an additional 2,386 shares during the last quarter. Strategic Financial Concepts LLC raised its holdings in shares of Hercules Capital by 2,067.0% in the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock valued at $72,000 after buying an additional 336,921 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in shares of Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after acquiring an additional 1,279 shares during the period. 19.69% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Stock Up 1.1 %

HTGC stock opened at $20.08 on Friday. The company’s 50 day simple moving average is $19.37 and its 200-day simple moving average is $19.63. The firm has a market capitalization of $3.26 billion, a PE ratio of 9.94 and a beta of 1.36. Hercules Capital, Inc. has a 12 month low of $16.51 and a 12 month high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same period in the prior year, the business earned $0.52 earnings per share. Equities analysts expect that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.56%. The ex-dividend date was Wednesday, November 13th. Hercules Capital’s payout ratio is 79.21%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the stock. JMP Securities reiterated a “market outperform” rating and set a $22.00 price target on shares of Hercules Capital in a research note on Friday, December 6th. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their price target for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. Finally, Wells Fargo & Company boosted their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $20.90.

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.