Hercules Capital, Inc. (NYSE:HTGC) Shares Purchased by TFG Advisers LLC

TFG Advisers LLC raised its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 93.9% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 36,654 shares of the financial services provider’s stock after acquiring an additional 17,748 shares during the period. TFG Advisers LLC’s holdings in Hercules Capital were worth $720,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. Van ECK Associates Corp increased its holdings in shares of Hercules Capital by 11.8% in the second quarter. Van ECK Associates Corp now owns 2,824,840 shares of the financial services provider’s stock valued at $57,768,000 after purchasing an additional 298,992 shares during the last quarter. Sound Income Strategies LLC increased its stake in shares of Hercules Capital by 1.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock worth $53,761,000 after acquiring an additional 47,672 shares during the last quarter. Gilman Hill Asset Management LLC raised its holdings in shares of Hercules Capital by 1.2% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 607,669 shares of the financial services provider’s stock worth $12,427,000 after acquiring an additional 7,485 shares during the period. Confluence Investment Management LLC raised its holdings in shares of Hercules Capital by 0.8% during the 2nd quarter. Confluence Investment Management LLC now owns 379,548 shares of the financial services provider’s stock worth $7,762,000 after acquiring an additional 2,875 shares during the period. Finally, Advisors Asset Management Inc. boosted its position in shares of Hercules Capital by 1.8% during the 1st quarter. Advisors Asset Management Inc. now owns 374,007 shares of the financial services provider’s stock valued at $6,900,000 after acquiring an additional 6,643 shares during the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Stock Down 0.4 %

NYSE:HTGC traded down $0.09 during mid-day trading on Wednesday, hitting $19.95. The stock had a trading volume of 99,291 shares, compared to its average volume of 911,464. Hercules Capital, Inc. has a twelve month low of $15.02 and a twelve month high of $21.78. The stock has a 50-day simple moving average of $19.30 and a two-hundred day simple moving average of $19.57. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. The company has a market capitalization of $3.24 billion, a PE ratio of 9.11 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. The business had revenue of $125.01 million during the quarter, compared to analysts’ expectations of $124.99 million. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. During the same period in the previous year, the company earned $0.53 EPS. On average, equities research analysts anticipate that Hercules Capital, Inc. will post 2.03 EPS for the current year.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.62%. Hercules Capital’s payout ratio is currently 72.73%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on HTGC. Wells Fargo & Company lifted their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Piper Sandler raised 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 target price on shares of Hercules Capital from $20.00 to $22.00 and gave the company 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 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 target price of $20.00.

Insider Buying and Selling

In other news, Director Nikos Theodosopoulos bought 1,608 shares of Hercules Capital stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average cost of $18.03 per share, with a total value of $28,992.24. Following the acquisition, the director now owns 5,613 shares of the company’s stock, 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 legal filing with the SEC, which is accessible through this link. In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the company’s 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 completion of 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 represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing 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 bought at an average cost of $18.03 per share, with a total value of $28,992.24. Following the completion of the purchase, the director now owns 5,613 shares in the company, valued at $101,202.39. The trade was 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 company insiders.

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.