Atria Wealth Solutions Inc. Sells 13,456 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Atria Wealth Solutions Inc. lessened its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 4.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 284,173 shares of the financial services provider’s stock after selling 13,456 shares during the period. Atria Wealth Solutions Inc. owned about 0.19% of Hercules Capital worth $4,737,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC lifted its stake in Hercules Capital by 1,567.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock valued at $22,433,000 after purchasing an additional 1,265,008 shares during the last quarter. Melia Wealth LLC acquired a new stake in Hercules Capital in the 4th quarter valued at about $10,922,000. Mckinley Capital Management LLC lifted its stake in Hercules Capital by 60.8% in the 3rd quarter. Mckinley Capital Management LLC now owns 348,992 shares of the financial services provider’s stock valued at $5,730,000 after purchasing an additional 131,924 shares during the last quarter. Graypoint LLC acquired a new stake in Hercules Capital in the 3rd quarter valued at about $2,071,000. Finally, Van ECK Associates Corp lifted its stake in Hercules Capital by 6.1% in the 3rd quarter. Van ECK Associates Corp now owns 2,033,429 shares of the financial services provider’s stock valued at $33,389,000 after purchasing an additional 116,684 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Performance

Shares of NYSE:HTGC opened at $19.08 on Friday. The company’s 50 day simple moving average is $18.34 and its 200 day simple moving average is $17.06. The stock has a market capitalization of $3.09 billion, a price-to-earnings ratio of 8.26 and a beta of 1.34. The company has a debt-to-equity ratio of 0.86, a current ratio of 2.75 and a quick ratio of 2.75. Hercules Capital, Inc. has a 1 year low of $12.40 and a 1 year high of $19.26.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, February 15th. The financial services provider reported $0.56 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.50 by $0.06. The business had revenue of $122.60 million for the quarter, compared to analysts’ expectations of $117.48 million. Hercules Capital had a net margin of 73.26% and a return on equity of 18.60%. The firm’s quarterly revenue was up 22.4% compared to the same quarter last year. During the same period last year, the firm posted $0.47 earnings per share. As a group, research analysts predict that Hercules Capital, Inc. will post 2.05 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, March 6th. Shareholders of record on Wednesday, February 28th were given a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, February 27th. This represents a $1.92 dividend on an annualized basis and a yield of 10.07%. Hercules Capital’s dividend payout ratio is currently 69.26%.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on HTGC shares. JMP Securities raised their target price on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market outperform” rating in a research note on Tuesday, March 26th. Wells Fargo & Company raised their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the stock an “overweight” rating in a research report on Monday, January 29th. Keefe, Bruyette & Woods raised their price objective on shares of Hercules Capital from $17.00 to $18.00 and gave the stock a “market perform” rating in a research report on Friday, February 16th. Piper Sandler raised their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Wednesday, April 10th. Finally, Compass Point downgraded shares of Hercules Capital from a “buy” rating to a “neutral” rating and raised their price objective for the stock from $17.00 to $17.50 in a research report on Tuesday, January 16th. Five investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $18.00.

Hercules Capital 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.