International Assets Investment Management LLC Has $424,000 Holdings in Hercules Capital, Inc. (NYSE:HTGC)

International Assets Investment Management LLC lowered its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 74.2% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,752 shares of the financial services provider’s stock after selling 59,626 shares during the period. International Assets Investment Management LLC’s holdings in Hercules Capital were worth $424,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. RMR Wealth Builders grew its holdings in shares of Hercules Capital by 3.5% in the 2nd 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 in the last quarter. Hexagon Capital Partners LLC increased its position in shares of Hercules Capital by 28.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 806 shares during the last quarter. Accel Wealth Management boosted its holdings in shares of Hercules Capital by 7.3% in the 2nd quarter. Accel Wealth Management now owns 15,578 shares of the financial services provider’s stock valued at $319,000 after buying an additional 1,066 shares during the last quarter. Mount Yale Investment Advisors LLC boosted its holdings in shares of Hercules Capital by 0.8% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 140,090 shares of the financial services provider’s stock valued at $2,585,000 after buying an additional 1,107 shares during the last quarter. Finally, Founders Financial Alliance LLC increased its holdings in Hercules Capital by 4.9% during the fourth quarter. Founders Financial Alliance LLC now owns 25,250 shares of the financial services provider’s stock worth $421,000 after buying an additional 1,187 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Trading Up 1.5 %

Shares of NYSE:HTGC opened at $19.17 on Friday. Hercules Capital, Inc. has a 12-month low of $15.02 and a 12-month high of $21.78. The business has a 50 day moving average of $19.95 and a 200-day moving average of $19.22. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.93. The stock has a market cap of $3.11 billion, a PE ratio of 8.71 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. Hercules Capital had a return on equity of 18.22% and a net margin of 57.82%. The firm had revenue of $125.01 million for the quarter, compared to analyst estimates of $124.99 million. During the same period in the prior year, the firm posted $0.53 EPS. As a group, equities research analysts forecast that Hercules Capital, Inc. will post 2.06 earnings per share for the current year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 10.02%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s dividend payout ratio (DPR) is 72.73%.

Insider Buying and Selling at Hercules Capital

In related news, Director Robert P. Badavas sold 13,300 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $19.69, for a total transaction of $261,877.00. Following the sale, the director now owns 4,234 shares of the company’s stock, valued at $83,367.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In related news, Director Robert P. Badavas sold 13,300 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $19.69, for a total transaction of $261,877.00. Following the completion of the sale, the director now owns 4,234 shares of the company’s stock, valued at $83,367.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Nikos Theodosopoulos acquired 1,608 shares of Hercules Capital stock in a transaction on Tuesday, August 6th. The shares were purchased 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 directly owns 5,613 shares of the company’s stock, valued at $101,202.39. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on HTGC shares. Piper Sandler increased their price target on shares of Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research note on Friday, August 2nd. JMP Securities lifted their price target on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their price objective on Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their target price on Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a research note on Friday, May 3rd. Four research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Hercules Capital Company 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.