Hercules Capital, Inc. (NYSE:HTGC) Stock Holdings Lifted by Napa Wealth Management

Napa Wealth Management grew its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 5.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 120,294 shares of the financial services provider’s stock after purchasing an additional 6,397 shares during the period. Hercules Capital comprises about 1.1% of Napa Wealth Management’s holdings, making the stock its 15th biggest holding. Napa Wealth Management owned 0.07% of Hercules Capital worth $2,363,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also recently bought and sold shares of HTGC. HHM Wealth Advisors LLC purchased a new position in shares of Hercules Capital during the second quarter valued at $31,000. Kathleen S. Wright Associates Inc. purchased a new position in Hercules Capital during the 3rd quarter valued at about $31,000. Farther Finance Advisors LLC increased its holdings in shares of Hercules Capital by 59,650.0% in the 3rd quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,386 shares during the period. Hexagon Capital Partners LLC lifted its position in shares of Hercules Capital by 38.8% in the second quarter. Hexagon Capital Partners LLC now owns 4,994 shares of the financial services provider’s stock worth $102,000 after purchasing an additional 1,395 shares in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its holdings in shares of Hercules Capital by 198.9% during the third quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock worth $106,000 after purchasing an additional 3,580 shares during the period. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Insider Transactions at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction dated 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 directly owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. This trade represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the stock. Wells Fargo & Company lifted their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Piper Sandler raised their price target on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Finally, JMP Securities increased their price objective on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $19.83.

Hercules Capital Stock Performance

Shares of NYSE HTGC opened at $18.92 on Monday. The business’s 50-day simple moving average is $19.64 and its 200-day simple moving average is $19.70. Hercules Capital, Inc. has a 52 week low of $15.14 and a 52 week high of $21.78. 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 firm has a market cap of $3.07 billion, a price-to-earnings ratio of 9.37 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The business had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. During the same period in the prior year, the firm earned $0.52 EPS. As a group, equities research analysts expect that Hercules Capital, Inc. will post 2.02 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. Stockholders of record on Wednesday, November 13th will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 10.15%. Hercules Capital’s dividend payout ratio is 79.21%.

About Hercules Capital

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.