Truvestments Capital LLC Boosts Position in Hercules Capital, Inc. (NYSE:HTGC)

Truvestments Capital LLC lifted its position in Hercules Capital, Inc. (NYSE:HTGC) by 1.4% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 136,275 shares of the financial services provider’s stock after purchasing an additional 1,933 shares during the quarter. Truvestments Capital LLC’s holdings in Hercules Capital were worth $2,676,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Wedbush Securities Inc. increased its stake in Hercules Capital by 3.8% during the second quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock worth $321,000 after acquiring an additional 569 shares during the last quarter. RMR Wealth Builders increased its position in shares of Hercules Capital by 3.5% during the 2nd quarter. RMR Wealth Builders now owns 16,997 shares of the financial services provider’s stock worth $348,000 after purchasing an additional 571 shares during the last quarter. Founders Financial Alliance LLC raised its holdings in Hercules Capital by 2.3% in the 2nd quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider’s stock valued at $573,000 after buying an additional 627 shares during the period. Mirae Asset Global Investments Co. Ltd. lifted its position 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 buying an additional 711 shares during the last quarter. Finally, Arkadios Wealth Advisors boosted its stake in 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. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of research firms have recently issued reports on HTGC. Wells Fargo & Company boosted their price target 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 upped 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 lifted their price objective on Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 30th. Two 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $20.40.

Hercules Capital Stock Performance

Shares of HTGC stock opened at $18.81 on Monday. The firm has a 50 day moving average of $19.63 and a two-hundred day moving average of $19.68. The stock has a market capitalization of $3.06 billion, a PE ratio of 9.29 and a beta of 1.39. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. Hercules Capital, Inc. has a 52 week low of $15.14 and a 52 week high of $21.78.

Hercules Capital (NYSE:HTGC) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The firm had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. During the same period last year, the business posted $0.52 earnings per share. On average, research analysts predict that Hercules Capital, Inc. will post 2.02 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.21%. Hercules Capital’s payout ratio is 79.21%.

Insider Activity at Hercules Capital

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

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.