Global Assets Advisory LLC Raises Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Global Assets Advisory LLC lifted its position in Hercules Capital, Inc. (NYSE:HTGC) by 6.1% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 17,785 shares of the financial services provider’s stock after buying an additional 1,028 shares during the period. Global Assets Advisory LLC’s holdings in Hercules Capital were worth $348,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of HTGC. International Assets Investment Management LLC lifted its stake in Hercules Capital by 1,861.8% during the 3rd quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider’s stock valued at $79,960,000 after acquiring an additional 386,367 shares during the period. Strategic Financial Concepts LLC grew its holdings in shares of Hercules Capital by 2,067.0% during the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock worth $72,000 after buying an additional 336,921 shares in the last quarter. Van ECK Associates Corp grew 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 period. TrueMark Investments LLC purchased a new stake in shares of Hercules Capital in the second quarter valued at about $3,015,000. Finally, Truvestments Capital LLC grew its holdings in shares of Hercules Capital by 521.7% in the first quarter. Truvestments Capital LLC now owns 123,188 shares of the financial services provider’s stock valued at $2,273,000 after purchasing an additional 103,374 shares during the period. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on HTGC shares. JMP Securities increased their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 30th. Wells Fargo & Company increased their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Finally, 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. Three investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $20.00.

Hercules Capital Price Performance

Shares of NYSE HTGC opened at $19.86 on Thursday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The stock has a fifty day moving average price of $19.33 and a 200 day moving average price of $19.58. Hercules Capital, Inc. has a 1-year low of $15.02 and a 1-year high of $21.78. The company has a market cap of $3.22 billion, a PE ratio of 9.03 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. The firm had revenue of $125.01 million during the quarter, compared to the consensus estimate of $124.99 million. During the same period last year, the company earned $0.53 earnings per share. Sell-side analysts forecast that Hercules Capital, Inc. will post 2.03 EPS for the current year.

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.67%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s dividend payout ratio is presently 72.73%.

Insider Buying and Selling

In other Hercules Capital news, Director Nikos Theodosopoulos bought 1,608 shares of Hercules Capital stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of $18.03 per share, with a total value of $28,992.24. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other Hercules Capital news, Director Nikos Theodosopoulos bought 1,608 shares of Hercules Capital stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of $18.03 per share, with a total value of $28,992.24. Following the completion of the acquisition, 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 purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value 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 approximately $42,338,045.13. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 1.90% of the company’s stock.

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.