SteelPeak Wealth LLC Buys 1,119 Shares of Hercules Capital, Inc. (NYSE:HTGC)

SteelPeak Wealth LLC boosted its stake in Hercules Capital, Inc. (NYSE:HTGC) by 3.9% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,503 shares of the financial services provider’s stock after purchasing an additional 1,119 shares during the quarter. SteelPeak Wealth LLC’s holdings in Hercules Capital were worth $579,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Wedbush Securities Inc. grew its stake in Hercules Capital by 3.8% in the second quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock valued at $321,000 after acquiring an additional 569 shares during the period. RMR Wealth Builders grew its stake in Hercules Capital by 3.5% in the second quarter. RMR Wealth Builders now owns 16,997 shares of the financial services provider’s stock valued at $348,000 after acquiring an additional 571 shares during the period. Founders Financial Alliance LLC grew its stake in Hercules Capital by 2.3% in the second quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider’s stock valued at $573,000 after acquiring an additional 627 shares during the period. Mirae Asset Global Investments Co. Ltd. grew its stake in Hercules Capital by 2.7% in the third quarter. Mirae Asset Global Investments Co. Ltd. now owns 27,319 shares of the financial services provider’s stock valued at $540,000 after acquiring an additional 711 shares during the period. Finally, Arkadios Wealth Advisors boosted its position in shares of Hercules Capital by 1.6% during the third quarter. Arkadios Wealth Advisors now owns 55,802 shares of the financial services provider’s stock worth $1,096,000 after buying an additional 900 shares during the period. Institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently weighed in on the company. Wells Fargo & Company upped their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday. Piper Sandler upped their price objective on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, JMP Securities upped their price objective on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 30th. Three 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.com, Hercules Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Insider Transactions at Hercules Capital

In other news, Director Nikos Theodosopoulos bought 1,608 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the purchase, the director now owns 5,613 shares in the company, valued at approximately $101,202.39. This trade represents a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Scott Bluestein sold 100,000 shares of the stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the sale, the chief executive officer now owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Nikos Theodosopoulos purchased 1,608 shares of Hercules Capital stock in a transaction that occurred on Tuesday, August 6th. The shares were bought at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the transaction, the director now directly owns 5,613 shares of the company’s stock, valued at $101,202.39. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Hercules Capital Stock Performance

HTGC opened at $19.76 on Friday. Hercules Capital, Inc. has a 52-week low of $15.14 and a 52-week high of $21.78. The firm has a market capitalization of $3.20 billion, a PE ratio of 8.98 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The business’s 50-day simple moving average is $19.51 and its 200 day simple moving average is $19.63.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. During the same quarter in the prior year, the company earned $0.52 earnings per share. As a group, sell-side analysts expect that Hercules Capital, Inc. will post 2.03 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th will be paid a $0.48 dividend. The ex-dividend date is Wednesday, November 13th. This represents a $1.92 annualized dividend and a yield of 9.72%. Hercules Capital’s dividend payout ratio is 72.73%.

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.