10,186 Shares in Hercules Capital, Inc. (NYSE:HTGC) Purchased by Sheaff Brock Investment Advisors LLC

Sheaff Brock Investment Advisors LLC bought a new position in Hercules Capital, Inc. (NYSE:HTGCGet Rating) during the first quarter, Holdings Channel reports. The firm bought 10,186 shares of the financial services provider’s stock, valued at approximately $184,000.

Other hedge funds also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in shares of Hercules Capital by 3.3% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 43,224 shares of the financial services provider’s stock worth $717,000 after buying an additional 1,396 shares in the last quarter. Truist Financial Corp lifted its position in shares of Hercules Capital by 5.2% in the first quarter. Truist Financial Corp now owns 53,149 shares of the financial services provider’s stock worth $960,000 after buying an additional 2,618 shares in the last quarter. HighTower Advisors LLC lifted its position in shares of Hercules Capital by 5.6% in the fourth quarter. HighTower Advisors LLC now owns 47,415 shares of the financial services provider’s stock worth $790,000 after buying an additional 2,512 shares in the last quarter. Johnson Midwest Financial LLC purchased a new stake in shares of Hercules Capital in the first quarter worth about $190,000. Finally, Commonwealth Equity Services LLC raised its position in Hercules Capital by 3.1% during the fourth quarter. Commonwealth Equity Services LLC now owns 183,712 shares of the financial services provider’s stock valued at $3,047,000 after purchasing an additional 5,548 shares during the period. 25.51% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director Thomas J. Fallon acquired 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 12th. The shares were bought at an average price of $14.88 per share, with a total value of $148,800.00. Following the completion of the purchase, the director now directly owns 61,604 shares in the company, valued at $916,667.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.30% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on HTGC shares. StockNews.com downgraded Hercules Capital from a “hold” rating to a “sell” rating in a research report on Monday, June 20th. Oppenheimer downgraded Hercules Capital from an “outperform” rating to a “market perform” rating and decreased their price objective for the company from $18.00 to $15.00 in a research report on Friday, July 29th. Wells Fargo & Company upped their price objective on Hercules Capital from $18.50 to $19.00 and gave the company an “overweight” rating in a research report on Monday, April 25th. TheStreet downgraded Hercules Capital from a “b” rating to a “c-” rating in a research report on Monday, July 11th. Finally, Keefe, Bruyette & Woods downgraded Hercules Capital from an “outperform” rating to a “market perform” rating and set a $18.00 price objective on the stock. in a research report on Friday, April 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Hercules Capital currently has a consensus rating of “Hold” and a consensus target price of $17.66.

Hercules Capital Trading Up 2.8 %

HTGC opened at $16.02 on Friday. The stock has a market cap of $2.04 billion, a price-to-earnings ratio of 145.65, a P/E/G ratio of 0.46 and a beta of 1.36. The stock’s 50 day moving average price is $14.14 and its 200-day moving average price is $16.19. Hercules Capital, Inc. has a one year low of $12.61 and a one year high of $19.09. The company has a debt-to-equity ratio of 1.13, a quick ratio of 3.84 and a current ratio of 3.84.

Hercules Capital (NYSE:HTGCGet Rating) last released its earnings results on Thursday, July 28th. The financial services provider reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.33 by ($0.01). The business had revenue of $72.12 million for the quarter, compared to the consensus estimate of $72.41 million. Hercules Capital had a net margin of 4.86% and a return on equity of 11.63%. The company’s quarterly revenue was up 3.7% compared to the same quarter last year. During the same period in the prior year, the company posted $0.32 EPS. On average, equities analysts forecast that Hercules Capital, Inc. will post 1.35 EPS for the current year.

Hercules Capital Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 16th. Investors of record on Tuesday, August 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Monday, August 8th. This represents a $2.00 annualized dividend and a yield of 12.48%. This is a boost from Hercules Capital’s previous quarterly dividend of $0.33. Hercules Capital’s dividend payout ratio is 1,200.11%.

Hercules Capital Profile

(Get Rating)

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.

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Institutional Ownership by Quarter for Hercules Capital (NYSE:HTGC)

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