BB&T Securities LLC boosted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 0.7% during the first quarter, Holdings Channel reports. The fund owned 14,561 shares of the financial services provider’s stock after buying an additional 100 shares during the period. BB&T Securities LLC’s holdings in Hercules Capital were worth $220,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in HTGC. Russell Investments Group Ltd. purchased a new position in Hercules Capital during the fourth quarter worth about $1,055,000. Raymond James Financial Services Advisors Inc. boosted its position in shares of Hercules Capital by 4.2% in the fourth quarter. Raymond James Financial Services Advisors Inc. now owns 56,266 shares of the financial services provider’s stock valued at $794,000 after buying an additional 2,242 shares in the last quarter. Private Advisor Group LLC bought a new position in shares of Hercules Capital during the fourth quarter valued at about $286,000. Advisory Research Inc. boosted its position in shares of Hercules Capital by 116.8% in the fourth quarter. Advisory Research Inc. now owns 327,167 shares of the financial services provider’s stock valued at $4,616,000 after buying an additional 176,270 shares in the last quarter. Finally, Employees Retirement System of Texas boosted its position in shares of Hercules Capital by 2.3% in the fourth quarter. Employees Retirement System of Texas now owns 114,654 shares of the financial services provider’s stock valued at $1,618,000 after buying an additional 2,546 shares in the last quarter. Hedge funds and other institutional investors own 44.07% of the company’s stock.

Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

Hercules Capital, Inc. (NYSE:HTGC) traded up 0.76% during midday trading on Friday, reaching $13.28. 237,501 shares of the company traded hands. Hercules Capital, Inc. has a one year low of $11.85 and a one year high of $15.68. The company has a 50 day moving average price of $13.39 and a 200-day moving average price of $14.26. The stock has a market capitalization of $1.10 billion, a P/E ratio of 21.49 and a beta of 0.85.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, May 4th. The financial services provider reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.29 by $0.01. The business had revenue of $46.37 million for the quarter, compared to analysts’ expectations of $48.33 million. Hercules Capital had a net margin of 26.75% and a return on equity of 13.10%. During the same period last year, the business posted $0.32 EPS. Analysts forecast that Hercules Capital, Inc. will post $1.25 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Monday, May 22nd. Shareholders of record on Monday, May 15th were given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 9.34%. The ex-dividend date was Thursday, May 11th. Hercules Capital’s dividend payout ratio (DPR) is 190.77%.

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Several equities analysts recently issued reports on the stock. ValuEngine cut shares of Hercules Capital from a “strong-buy” rating to a “buy” rating in a research report on Friday, June 2nd. Zacks Investment Research upgraded shares of Hercules Capital from a “strong sell” rating to a “hold” rating in a research report on Tuesday, May 16th. Wunderlich reiterated a “hold” rating on shares of Hercules Capital in a research report on Tuesday, May 16th. Jefferies Group LLC reiterated a “buy” rating and set a $16.00 price target on shares of Hercules Capital in a research report on Friday, May 12th. Finally, Keefe, Bruyette & Woods reiterated an “outperform” rating and set a $17.00 price target on shares of Hercules Capital in a research report on Thursday, April 20th. Five investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Hercules Capital currently has a consensus rating of “Buy” and an average price target of $14.71.

About Hercules Capital

Hercules Capital, Inc is a specialty finance company. The Company is an internally managed, non-diversified, closed-end investment company. The Company focuses on providing senior secured venture growth loans to venture capital-backed companies in a range of technology, life sciences, and sustainable and renewable technology industries.

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