Shelton Capital Management purchased a new position in shares of Hercules Capital Inc (NYSE:HTGC) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 46,000 shares of the financial services provider’s stock, valued at approximately $593,000. Shelton Capital Management owned about 0.05% of Hercules Capital at the end of the most recent reporting period.

Other institutional investors also recently added to or reduced their stakes in the company. The Manufacturers Life Insurance Company grew its holdings in Hercules Capital by 29.8% during the second quarter. The Manufacturers Life Insurance Company now owns 8,858 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 2,034 shares during the period. JPMorgan Chase & Co. grew its holdings in Hercules Capital by 74.6% during the third quarter. JPMorgan Chase & Co. now owns 9,104 shares of the financial services provider’s stock worth $116,000 after acquiring an additional 3,891 shares during the period. Cetera Investment Advisers acquired a new position in Hercules Capital during the second quarter worth $138,000. Financial Counselors Inc. acquired a new position in Hercules Capital during the second quarter worth $154,000. Finally, HighTower Advisors LLC grew its holdings in Hercules Capital by 0.7% during the second quarter. HighTower Advisors LLC now owns 12,174 shares of the financial services provider’s stock worth $162,000 after acquiring an additional 81 shares during the period. Institutional investors and hedge funds own 38.97% of the company’s stock.

Shares of Hercules Capital Inc (NYSE HTGC) opened at $12.99 on Friday. The company has a debt-to-equity ratio of 0.87, a current ratio of 8.34 and a quick ratio of 8.34. The firm has a market capitalization of $1,099.16, a price-to-earnings ratio of 9.97, a price-to-earnings-growth ratio of 2.25 and a beta of 0.87. Hercules Capital Inc has a twelve month low of $11.64 and a twelve month high of $15.68.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, November 2nd. The financial services provider reported $0.29 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.29. The company had revenue of $45.90 million for the quarter, compared to analyst estimates of $46.22 million. Hercules Capital had a return on equity of 12.93% and a net margin of 39.73%. Hercules Capital’s revenue was up 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.32 earnings per share. equities research analysts forecast that Hercules Capital Inc will post 1.16 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 20th. Shareholders of record on Monday, November 13th were issued a $0.31 dividend. This represents a $1.24 annualized dividend and a yield of 9.55%. The ex-dividend date was Friday, November 10th. Hercules Capital’s dividend payout ratio (DPR) is 136.26%.

A number of research analysts recently weighed in on the company. B. Riley reaffirmed a “buy” rating on shares of Hercules Capital in a report on Friday, November 3rd. ValuEngine lowered Hercules Capital from a “buy” rating to a “hold” rating in a report on Friday, September 1st. BidaskClub raised Hercules Capital from a “sell” rating to a “hold” rating in a report on Monday, September 18th. FBR & Co initiated coverage on Hercules Capital in a report on Monday, October 2nd. They set a “buy” rating and a $14.00 price objective on the stock. Finally, Compass Point raised Hercules Capital from a “neutral” rating to a “buy” rating and set a $13.00 target price on the stock in a report on Friday, September 8th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and eight have assigned a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $14.36.

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Hercules Capital Company Profile

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

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