Hercules Capital, Inc. (NYSE:HTGC) is Gilman Hill Asset Management LLC’s 7th Largest Position

Gilman Hill Asset Management LLC lowered its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.6% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 597,707 shares of the financial services provider’s stock after selling 9,962 shares during the quarter. Hercules Capital accounts for 2.0% of Gilman Hill Asset Management LLC’s portfolio, making the stock its 7th biggest holding. Gilman Hill Asset Management LLC’s holdings in Hercules Capital were worth $11,739,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new stake in shares of Hercules Capital in the 2nd quarter worth $31,000. NBC Securities Inc. lifted its holdings in shares of Hercules Capital by 154.8% in the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,594 shares during the period. Hexagon Capital Partners LLC lifted its holdings in shares of Hercules Capital by 28.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after buying an additional 806 shares during the period. Tucker Asset Management LLC lifted its holdings in shares of Hercules Capital by 921.8% in the 4th quarter. Tucker Asset Management LLC now owns 5,763 shares of the financial services provider’s stock worth $96,000 after buying an additional 5,199 shares during the period. Finally, Creekmur Asset Management LLC purchased a new stake in shares of Hercules Capital in the 4th quarter worth $105,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

Several brokerages have weighed in on HTGC. Wells Fargo & Company upped their target price on Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a report on Friday, July 26th. 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 note on Tuesday, July 30th. Finally, 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 note on Friday, August 2nd. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat, Hercules Capital has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Hercules Capital Stock Down 0.6 %

Shares of NYSE HTGC traded down $0.11 during mid-day trading on Friday, reaching $19.63. 921,283 shares of the company were exchanged, compared to its average volume of 930,250. The firm has a 50-day moving average of $19.04 and a 200 day moving average of $19.48. Hercules Capital, Inc. has a 1 year low of $15.02 and a 1 year high of $21.78. The stock has a market cap of $3.18 billion, a price-to-earnings ratio of 8.92 and a beta of 1.39. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. The company 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 company posted $0.53 EPS. On average, research analysts expect that Hercules Capital, Inc. will post 2.03 earnings per share for the current year.

Hercules Capital Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 13th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.78%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s dividend payout ratio is presently 72.73%.

Insider Activity

In other news, CEO Scott Bluestein sold 100,000 shares of the stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $19.59, for a total value of $1,959,000.00. Following the transaction, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, CEO Scott Bluestein sold 100,000 shares of the firm’s 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 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Nikos Theodosopoulos bought 1,608 shares of the company’s 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 completion of the acquisition, the director now owns 5,613 shares of the company’s stock, valued at $101,202.39. This trade represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

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.