Prevail Innovative Wealth Advisors LLC Has $1.22 Million Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Prevail Innovative Wealth Advisors LLC lessened its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 61.0% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 60,513 shares of the financial services provider’s stock after selling 94,699 shares during the quarter. Prevail Innovative Wealth Advisors LLC’s holdings in Hercules Capital were worth $1,216,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Van ECK Associates Corp raised its position in shares of Hercules Capital by 10.4% during the fourth quarter. Van ECK Associates Corp now owns 3,438,447 shares of the financial services provider’s stock worth $69,078,000 after purchasing an additional 323,028 shares during the period. Strategic Financial Concepts LLC raised its holdings in Hercules Capital by 1,909.0% during the 4th quarter. Strategic Financial Concepts LLC now owns 327,467 shares of the financial services provider’s stock worth $6,579,000 after buying an additional 311,167 shares during the period. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in Hercules Capital during the 4th quarter worth approximately $3,281,000. JPMorgan Chase & Co. lifted its stake in Hercules Capital by 51.2% in the fourth quarter. JPMorgan Chase & Co. now owns 443,114 shares of the financial services provider’s stock valued at $8,902,000 after buying an additional 150,136 shares in the last quarter. Finally, Golden State Wealth Management LLC acquired a new position in shares of Hercules Capital in the fourth quarter valued at approximately $2,324,000. 19.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently commented on HTGC. JMP Securities reaffirmed a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a research report on Friday, February 14th. Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $19.50 to $21.50 in a report on Thursday, December 12th. Finally, Compass Point increased their price objective on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $21.40.

Hercules Capital Trading Down 1.6 %

Shares of NYSE:HTGC opened at $19.27 on Friday. The stock has a market capitalization of $3.34 billion, a PE ratio of 11.97 and a beta of 1.38. The company’s 50-day moving average price is $20.24 and its two-hundred day moving average price is $19.82. The company has a debt-to-equity ratio of 0.89, a current ratio of 2.72 and a quick ratio of 2.72. Hercules Capital, Inc. has a one year low of $16.95 and a one year high of $22.04.

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

Hercules Capital Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, March 5th. Investors of record on Wednesday, February 26th were issued a dividend of $0.47 per share. The ex-dividend date of this dividend was Wednesday, February 26th. This represents a $1.88 dividend on an annualized basis and a yield of 9.76%. Hercules Capital’s payout ratio is 99.38%.

Hercules Capital Company 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.