Legacy Capital Wealth Partners LLC grew its stake in shares of Hercules Capital, Inc. (NYSE:HTGC – Get Rating) by 4.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 71,322 shares of the financial services provider’s stock after buying an additional 3,039 shares during the quarter. Legacy Capital Wealth Partners LLC owned 0.06% of Hercules Capital worth $1,183,000 at the end of the most recent quarter.
Several other large investors also recently made changes to their positions in HTGC. UMB Bank N A MO bought a new stake in shares of Hercules Capital in the fourth quarter worth about $29,000. Bessemer Group Inc. bought a new stake in shares of Hercules Capital in the fourth quarter worth about $33,000. CWM LLC bought a new stake in shares of Hercules Capital in the fourth quarter worth about $48,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Hercules Capital by 122.3% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 3,335 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 1,835 shares during the last quarter. Finally, Lineweaver Wealth Advisors LLC bought a new stake in shares of Hercules Capital in the fourth quarter worth about $166,000. 25.51% of the stock is currently owned by hedge funds and other institutional investors.
Shares of HTGC stock traded up $0.22 during trading hours on Thursday, hitting $14.19. 1,294,851 shares of the company’s stock traded hands, compared to its average volume of 1,466,743. The stock’s fifty day simple moving average is $17.14 and its two-hundred day simple moving average is $17.14. Hercules Capital, Inc. has a 12-month low of $13.41 and a 12-month high of $19.09. The stock has a market cap of $1.76 billion, a price-to-earnings ratio of 16.68, a PEG ratio of 0.42 and a beta of 1.36. The company has a quick ratio of 3.22, a current ratio of 3.02 and a debt-to-equity ratio of 0.99.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, May 24th. Investors of record on Tuesday, May 17th were issued a $0.33 dividend. The ex-dividend date was Monday, May 16th. This represents a $1.32 dividend on an annualized basis and a yield of 9.30%. Hercules Capital’s payout ratio is currently 155.30%.
In other news, Director Thomas J. Fallon acquired 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The stock was bought at an average cost of $14.88 per share, for a total transaction of $148,800.00. Following the acquisition, the director now directly owns 61,604 shares in the company, valued at $916,667.52. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 3.30% of the stock is owned by insiders.
Several analysts recently issued reports on the company. StockNews.com raised Hercules Capital from a “sell” rating to a “hold” rating in a research note on Tuesday. Wells Fargo & Company lifted their price objective on Hercules Capital from $18.50 to $19.00 and gave the company an “overweight” rating in a research report on Monday, April 25th. Keefe, Bruyette & Woods cut Hercules Capital from an “outperform” rating to a “market perform” rating and set a $18.00 price objective on the stock. in a research report on Friday, April 22nd. Compass Point cut Hercules Capital from a “buy” rating to a “neutral” rating and set a $18.00 price objective on the stock. in a research report on Tuesday, February 8th. Finally, Piper Sandler cut Hercules Capital from an “overweight” rating to a “neutral” rating and set a $19.00 price objective on the stock. in a research report on Monday, April 4th. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Hercules Capital presently has a consensus rating of “Buy” and a consensus target price of $18.54.
About Hercules Capital (Get Rating)
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.
- Get a free copy of the StockNews.com research report on Hercules Capital (HTGC)
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