FJ Capital Management LLC Has $3.20 Million Holdings in Hercules Capital, Inc. $HTGC

FJ Capital Management LLC cut its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 16.7% during the fourth quarter, HoldingsChannel.com reports. The firm owned 169,984 shares of the financial services provider’s stock after selling 34,007 shares during the quarter. FJ Capital Management LLC’s holdings in Hercules Capital were worth $3,199,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of HTGC. Fox Run Management L.L.C. boosted its position in shares of Hercules Capital by 2.8% during the fourth quarter. Fox Run Management L.L.C. now owns 24,354 shares of the financial services provider’s stock worth $458,000 after buying an additional 657 shares during the period. Centaurus Financial Inc. raised its position in Hercules Capital by 1.8% during the third quarter. Centaurus Financial Inc. now owns 37,819 shares of the financial services provider’s stock worth $715,000 after acquiring an additional 675 shares in the last quarter. Allworth Financial LP lifted its stake in Hercules Capital by 11.4% in the 3rd quarter. Allworth Financial LP now owns 6,652 shares of the financial services provider’s stock valued at $126,000 after purchasing an additional 680 shares during the last quarter. Dakota Wealth Management grew its holdings in Hercules Capital by 1.9% during the third quarter. Dakota Wealth Management now owns 38,720 shares of the financial services provider’s stock worth $732,000 after purchasing an additional 735 shares during the period. Finally, Signaturefd LLC increased its holdings in shares of Hercules Capital by 17.0% during the 4th quarter. Signaturefd LLC now owns 5,672 shares of the financial services provider’s stock worth $107,000 after acquiring an additional 824 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on the stock. Keefe, Bruyette & Woods cut their price objective on shares of Hercules Capital from $19.00 to $18.00 and set an “outperform” rating for the company in a report on Thursday, April 16th. UBS Group raised their target price on Hercules Capital from $15.00 to $15.50 and gave the company a “neutral” rating in a report on Monday, May 18th. Piper Sandler raised their price target on shares of Hercules Capital from $16.50 to $17.00 and gave the company a “neutral” rating in a research note on Wednesday, May 6th. Weiss Ratings lowered Hercules Capital from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, February 24th. Finally, Citizens Jmp cut their price target on shares of Hercules Capital from $24.00 to $22.00 and set a “market outperform” rating on the stock in a report on Wednesday, April 22nd. One research analyst has rated the stock with a Strong Buy rating, four have issued a Buy rating and three have given a Hold rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $18.21.

Hercules Capital Price Performance

HTGC opened at $15.51 on Friday. The firm’s fifty day moving average price is $15.55 and its two-hundred day moving average price is $16.51. The company has a market capitalization of $2.90 billion, a price-to-earnings ratio of 8.76 and a beta of 0.80. Hercules Capital, Inc. has a 1 year low of $13.70 and a 1 year high of $19.67. The company has a debt-to-equity ratio of 1.14, a current ratio of 1.89 and a quick ratio of 1.89.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Tuesday, May 5th. The financial services provider reported $0.48 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.01. Hercules Capital had a return on equity of 16.05% and a net margin of 59.85%.The business had revenue of $134.94 million during the quarter, compared to analyst estimates of $141.39 million. During the same period in the prior year, the company earned $0.45 earnings per share. Hercules Capital’s revenue was up 18.4% compared to the same quarter last year. As a group, analysts anticipate that Hercules Capital, Inc. will post 1.93 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, May 21st. Shareholders of record on Thursday, May 14th were given a dividend of $0.07 per share. The ex-dividend date was Thursday, May 14th. This represents a $0.28 annualized dividend and a dividend yield of 1.8%. Hercules Capital’s dividend payout ratio is currently 90.40%.

About Hercules Capital

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.