Fulton Bank N.A. Reduces Position in Hercules Capital, Inc. (NYSE:HTGC)

Fulton Bank N.A. lessened its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 13.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,317 shares of the financial services provider’s stock after selling 2,100 shares during the quarter. Fulton Bank N.A.’s holdings in Hercules Capital were worth $268,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also modified their holdings of HTGC. Caprock Group LLC boosted its stake in shares of Hercules Capital by 23.5% during the 2nd quarter. Caprock Group LLC now owns 14,200 shares of the financial services provider’s stock worth $290,000 after acquiring an additional 2,700 shares during the last quarter. Wedbush Securities Inc. boosted its stake in shares of Hercules Capital by 3.8% during the 2nd quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 569 shares during the last quarter. HHM Wealth Advisors LLC bought a new stake in shares of Hercules Capital during the 2nd quarter valued at $31,000. Envestnet Asset Management Inc. raised its position in shares of Hercules Capital by 25.6% during the 2nd quarter. Envestnet Asset Management Inc. now owns 186,835 shares of the financial services provider’s stock valued at $3,821,000 after purchasing an additional 38,131 shares during the period. Finally, Waterloo Capital L.P. raised its position in shares of Hercules Capital by 4.3% during the 2nd quarter. Waterloo Capital L.P. now owns 150,555 shares of the financial services provider’s stock valued at $3,079,000 after purchasing an additional 6,208 shares during the period. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Hercules Capital Stock Performance

Shares of NYSE HTGC opened at $19.72 on Friday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The company has a market cap of $3.20 billion, a P/E ratio of 9.76 and a beta of 1.35. The firm’s fifty day moving average is $19.39 and its two-hundred day moving average is $19.65. Hercules Capital, Inc. has a 52-week low of $16.72 and a 52-week high of $21.78.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates 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 the consensus estimate of $125.80 million. During the same period in the previous year, the firm posted $0.52 EPS. As a group, analysts anticipate that Hercules Capital, Inc. will post 2.01 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently disclosed 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 was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.74%. Hercules Capital’s payout ratio is currently 79.21%.

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.