Tidal Investments LLC Purchases 5,704 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Tidal Investments LLC increased its position in Hercules Capital, Inc. (NYSE:HTGC) by 8.1% in the 3rd quarter, Holdings Channel reports. The firm owned 76,262 shares of the financial services provider’s stock after buying an additional 5,704 shares during the quarter. Tidal Investments LLC’s holdings in Hercules Capital were worth $1,498,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC bought a new position in shares of Hercules Capital in the second quarter worth about $31,000. Kathleen S. Wright Associates Inc. bought a new position in shares of Hercules Capital in the third quarter valued at about $31,000. Farther Finance Advisors LLC raised its position in shares of Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock valued at $47,000 after purchasing an additional 2,386 shares during the period. Strategic Financial Concepts LLC increased its position in 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 acquiring an additional 336,921 shares during the period. Finally, Nomura Asset Management Co. Ltd. grew its stake in Hercules Capital by 45.6% during the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,279 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on HTGC. Keefe, Bruyette & Woods upgraded shares of Hercules Capital from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $19.50 to $21.50 in a research note on Thursday, December 12th. JMP Securities reiterated a “market outperform” rating and set a $22.00 price objective on shares of Hercules Capital in a research note on Friday, December 6th. Finally, Wells Fargo & Company raised 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $20.90.

Insider Activity at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the firm’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. This trade represents a 4.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Hercules Capital Trading Down 0.2 %

HTGC opened at $19.19 on Wednesday. The company’s 50 day moving average is $19.45 and its 200-day moving average is $19.65. Hercules Capital, Inc. has a 1-year low of $15.83 and a 1-year high of $21.78. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. The company has a market cap of $3.12 billion, a P/E ratio of 9.50 and a beta of 1.36.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $125.25 million for the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same period last year, the company posted $0.52 EPS. Equities research analysts predict that Hercules Capital, Inc. will post 2.01 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were issued a $0.48 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 10.01%. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

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.