Madison Park Capital Advisors LLC Acquires New Position in Hercules Capital, Inc. (NYSE:HTGC)

Madison Park Capital Advisors LLC acquired a new stake in Hercules Capital, Inc. (NYSE:HTGC) during the fourth quarter, according to its most recent 13F filing with the SEC. The fund acquired 20,000 shares of the financial services provider’s stock, valued at approximately $333,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of HTGC. Signaturefd LLC increased its position in shares of Hercules Capital by 30.4% during the fourth quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock valued at $56,000 after buying an additional 789 shares during the period. Nomura Asset Management Co. Ltd. increased its position in shares of Hercules Capital by 133.4% during the third quarter. Nomura Asset Management Co. Ltd. now owns 3,786 shares of the financial services provider’s stock valued at $62,000 after buying an additional 2,164 shares during the period. Orion Capital Management LLC bought a new stake in shares of Hercules Capital during the third quarter valued at about $66,000. Blue Trust Inc. bought a new stake in shares of Hercules Capital during the fourth quarter valued at about $66,000. Finally, Global Retirement Partners LLC grew its holdings in shares of Hercules Capital by 294.2% during the fourth quarter. Global Retirement Partners LLC now owns 4,785 shares of the financial services provider’s stock worth $81,000 after purchasing an additional 3,571 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Price Performance

HTGC traded up $0.17 during midday trading on Tuesday, hitting $18.86. The stock had a trading volume of 897,526 shares, compared to its average volume of 904,432. The company has a market cap of $3.06 billion, a P/E ratio of 8.16 and a beta of 1.34. The business has a fifty day moving average of $18.28 and a 200 day moving average of $17.01. The company has a debt-to-equity ratio of 0.86, a quick ratio of 2.75 and a current ratio of 2.75. Hercules Capital, Inc. has a 1 year low of $12.40 and a 1 year high of $18.92.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.50 by $0.06. The business had revenue of $122.60 million during the quarter, compared to analyst estimates of $117.48 million. Hercules Capital had a return on equity of 18.60% and a net margin of 73.26%. Hercules Capital’s revenue for the quarter was up 22.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.47 earnings per share. As a group, equities analysts forecast that Hercules Capital, Inc. will post 2.05 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 28th were given a $0.48 dividend. The ex-dividend date was Tuesday, February 27th. This represents a $1.92 annualized dividend and a yield of 10.18%. Hercules Capital’s payout ratio is currently 69.26%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on HTGC. JMP Securities boosted their price objective on Hercules Capital from $18.00 to $19.00 and gave the stock a “market outperform” rating in a report on Tuesday, March 26th. Piper Sandler boosted their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Wednesday, April 10th. Keefe, Bruyette & Woods boosted their price objective on Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a report on Friday, February 16th. Compass Point lowered Hercules Capital from a “buy” rating to a “neutral” rating and boosted their price objective for the stock from $17.00 to $17.50 in a report on Tuesday, January 16th. Finally, Wells Fargo & Company boosted their price objective on Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a report on Monday, January 29th. Five analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $18.00.

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.