Confluence Investment Management LLC Has $7.68 Million Position in Hercules Capital, Inc. (NYSE:HTGC)

Confluence Investment Management LLC raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 0.4% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 382,163 shares of the financial services provider’s stock after acquiring an additional 1,711 shares during the quarter. Confluence Investment Management LLC owned approximately 0.24% of Hercules Capital worth $7,678,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently made changes to their positions in HTGC. Franklin Resources Inc. raised its stake in shares of Hercules Capital by 28.0% in the third quarter. Franklin Resources Inc. now owns 387,225 shares of the financial services provider’s stock worth $7,667,000 after acquiring an additional 84,780 shares during the last quarter. Tidal Investments LLC lifted its holdings in Hercules Capital by 8.1% during the 3rd quarter. Tidal Investments LLC now owns 76,262 shares of the financial services provider’s stock worth $1,498,000 after buying an additional 5,704 shares in the last quarter. Sanctuary Advisors LLC increased its stake in shares of Hercules Capital by 56.5% in the 3rd quarter. Sanctuary Advisors LLC now owns 18,818 shares of the financial services provider’s stock valued at $353,000 after buying an additional 6,792 shares during the period. Virtu Financial LLC raised its position in shares of Hercules Capital by 97.5% during the third quarter. Virtu Financial LLC now owns 19,275 shares of the financial services provider’s stock worth $379,000 after acquiring an additional 9,517 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. lifted 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 valued at $80,000 after acquiring an additional 1,279 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Stock Performance

Shares of NYSE:HTGC opened at $20.38 on Friday. The firm’s 50 day simple moving average is $19.38 and its 200 day simple moving average is $19.64. Hercules Capital, Inc. has a fifty-two week low of $16.54 and a fifty-two week high of $21.78. The company has a market capitalization of $3.31 billion, a price-to-earnings ratio of 10.09 and a beta of 1.36. 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 posted its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The company had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. During the same period last year, the business posted $0.52 earnings per share. As a group, sell-side analysts forecast that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Hercules Capital Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.42%. Hercules Capital’s payout ratio is 79.21%.

Wall Street Analyst Weigh In

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

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.