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

Jones Financial Companies Lllp boosted its position in Hercules Capital, Inc. (NYSE:HTGC) by 199.6% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,042 shares of the financial services provider’s stock after purchasing an additional 2,693 shares during the period. Jones Financial Companies Lllp’s holdings in Hercules Capital were worth $81,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Van ECK Associates Corp increased its stake in shares of 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 buying an additional 323,028 shares during the period. Sound Income Strategies LLC boosted its position in shares of Hercules Capital by 2.8% during the 4th quarter. Sound Income Strategies LLC now owns 2,815,214 shares of the financial services provider’s stock valued at $56,558,000 after purchasing an additional 77,869 shares in the last quarter. Tectonic Advisors LLC boosted its position in shares of Hercules Capital by 14.0% during the 4th quarter. Tectonic Advisors LLC now owns 493,808 shares of the financial services provider’s stock valued at $9,921,000 after purchasing an additional 60,776 shares in the last quarter. Muzinich & Co. Inc. boosted its position in shares of Hercules Capital by 10.2% during the 4th quarter. Muzinich & Co. Inc. now owns 449,996 shares of the financial services provider’s stock valued at $9,040,000 after purchasing an additional 41,634 shares in the last quarter. Finally, Sumitomo Mitsui Trust Group Inc. boosted its position in shares of Hercules Capital by 10.4% during the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 442,767 shares of the financial services provider’s stock valued at $8,895,000 after purchasing an additional 41,634 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently commented on HTGC. Compass Point upped their target price on Hercules Capital from $18.25 to $20.00 and gave the company a “neutral” rating in a research report on Wednesday, February 19th. JMP Securities reiterated a “market outperform” rating and issued a $22.00 price target 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 raised their target price for the company from $19.50 to $21.50 in a report on Thursday, December 12th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $21.40.

Hercules Capital Stock Performance

NYSE:HTGC opened at $18.54 on Monday. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. The business has a fifty day simple moving average of $20.42 and a two-hundred day simple moving average of $19.80. Hercules Capital, Inc. has a 1 year low of $16.95 and a 1 year high of $22.04. The company has a market capitalization of $3.21 billion, a P/E ratio of 11.51 and a beta of 1.38.

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

Hercules Capital Cuts Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, March 5th. Stockholders of record on Wednesday, February 26th were given a $0.47 dividend. This represents a $1.88 annualized dividend and a dividend yield of 10.14%. The ex-dividend date was Wednesday, February 26th. Hercules Capital’s dividend payout ratio (DPR) is presently 99.38%.

About Hercules Capital

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.