Jones Financial Companies Lllp Has $81,000 Position in Hercules Capital, Inc. (NYSE:HTGC)

Jones Financial Companies Lllp boosted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 199.6% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,042 shares of the financial services provider’s stock after acquiring an additional 2,693 shares during the quarter. Jones Financial Companies Lllp’s holdings in Hercules Capital were worth $81,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Van ECK Associates Corp boosted its holdings in Hercules Capital by 10.4% in the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock valued at $69,078,000 after acquiring an additional 323,028 shares during the last quarter. Sound Income Strategies LLC boosted its holdings in Hercules Capital by 2.8% in the fourth quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock valued at $56,558,000 after acquiring an additional 77,869 shares during the last quarter. Tectonic Advisors LLC boosted its holdings in Hercules Capital by 14.0% in the fourth quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider’s stock valued at $9,921,000 after acquiring an additional 60,776 shares during the last quarter. Muzinich & Co. Inc. boosted its holdings in Hercules Capital by 10.2% during the fourth quarter. Muzinich & Co. Inc. now owns 449,996 shares of the financial services provider’s stock worth $9,040,000 after buying an additional 41,634 shares during the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its holdings in Hercules Capital by 10.4% during the fourth quarter. Sumitomo Mitsui Trust Group Inc. now owns 442,767 shares of the financial services provider’s stock worth $8,895,000 after buying an additional 41,634 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Stock Up 2.9 %

Shares of Hercules Capital stock opened at $18.54 on Monday. The business’s 50 day simple moving average is $20.42 and its 200 day simple moving average is $19.80. Hercules Capital, Inc. has a 52-week low of $16.95 and a 52-week high of $22.04. The firm has a market cap of $3.21 billion, a PE ratio of 11.51 and a beta of 1.38. The company has a debt-to-equity ratio of 0.89, a quick ratio of 2.72 and a current ratio of 2.72.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Thursday, February 13th. The financial services provider reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. The firm had revenue of $121.78 million for the quarter, compared to analyst estimates of $124.09 million. Hercules Capital had a return on equity of 17.19% and a net margin of 53.28%. On average, analysts predict that Hercules Capital, Inc. will post 1.96 earnings per share for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were paid a dividend of $0.47 per share. The ex-dividend date was Wednesday, February 26th. This represents a $1.88 annualized dividend and a dividend yield of 10.14%. Hercules Capital’s dividend payout ratio is currently 99.38%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on HTGC shares. Compass Point raised their target price on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. JMP Securities reiterated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a report on Friday, February 14th. Finally, Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $19.50 to $21.50 in a report on Thursday, December 12th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Hercules Capital currently has an average rating of “Moderate Buy” and a consensus target price of $21.40.

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.