Hercules Capital, Inc. (NYSE:HTGC) Stake Lifted by Naviter Wealth LLC

Naviter Wealth LLC increased its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 8.1% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 137,931 shares of the financial services provider’s stock after purchasing an additional 10,382 shares during the period. Naviter Wealth LLC owned 0.09% of Hercules Capital worth $2,709,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Wedbush Securities Inc. raised its stake in shares of Hercules Capital by 3.8% in the 2nd quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock worth $321,000 after buying an additional 569 shares in the last quarter. RMR Wealth Builders boosted its position in 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 acquiring an additional 571 shares during the period. Founders Financial Alliance LLC grew its stake in shares of 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 in the last quarter. Hexagon Capital Partners LLC increased its holdings in Hercules Capital by 28.9% in the first 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 last quarter. Finally, Accel Wealth Management raised its position in Hercules Capital by 7.3% during the second quarter. Accel Wealth Management now owns 15,578 shares of the financial services provider’s stock valued at $319,000 after acquiring an additional 1,066 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

HTGC has been the topic of a number of recent research reports. JMP Securities raised their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a report on Tuesday, July 30th. Wells Fargo & Company upped their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Finally, 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. Three equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.00.

Hercules Capital Price Performance

Hercules Capital stock traded up $0.07 during mid-day trading on Thursday, hitting $20.25. 15,640 shares of the company were exchanged, compared to its average volume of 918,628. Hercules Capital, Inc. has a 1-year low of $15.02 and a 1-year high of $21.78. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The business has a fifty day moving average of $19.16 and a 200 day moving average of $19.51. The company has a market capitalization of $3.28 billion, a PE ratio of 9.17 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results 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 net margin of 57.82% and a return on equity of 18.03%. 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 previous year, the business earned $0.53 earnings per share. As a group, sell-side analysts expect that Hercules Capital, Inc. will post 2.03 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 dividend on an annualized basis and a yield of 9.48%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s dividend payout ratio is currently 72.73%.

Insider Activity at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction that occurred 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 transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CEO Scott Bluestein sold 100,000 shares of the company’s 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 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 sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nikos Theodosopoulos purchased 1,608 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was purchased at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the purchase, the director now directly owns 5,613 shares in the company, valued at approximately $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. 1.90% of the stock is currently 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.