Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by Autumn Glory Partners LLC

Autumn Glory Partners LLC boosted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 41.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 29,000 shares of the financial services provider’s stock after buying an additional 8,500 shares during the period. Autumn Glory Partners LLC’s holdings in Hercules Capital were worth $557,000 as of its most recent SEC filing.

Several other institutional investors also recently added to or reduced their stakes in HTGC. Ameriflex Group Inc. acquired a new position in shares of Hercules Capital in the fourth quarter valued at approximately $29,000. Estabrook Capital Management increased its holdings in shares of Hercules Capital by 239.0% in the fourth quarter. Estabrook Capital Management now owns 1,878 shares of the financial services provider’s stock valued at $38,000 after purchasing an additional 1,324 shares during the period. Quarry LP acquired a new position in shares of Hercules Capital in the fourth quarter valued at approximately $48,000. Point72 Hong Kong Ltd acquired a new position in shares of Hercules Capital in the fourth quarter valued at approximately $80,000. Finally, Jones Financial Companies Lllp increased its holdings in shares of Hercules Capital by 199.6% in the fourth quarter. Jones Financial Companies Lllp now owns 4,042 shares of the financial services provider’s stock valued at $81,000 after purchasing an additional 2,693 shares during the period. Institutional investors and hedge funds own 19.69% of the company’s stock.

Insider Activity

In other Hercules Capital news, Director Nikos Theodosopoulos bought 5,999 shares of Hercules Capital stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $17.49 per share, for a total transaction of $104,922.51. Following the completion of the transaction, the director now owns 11,960 shares of the company’s stock, valued at $209,180.40. This represents a 100.64% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

A number of research firms have recently issued reports on HTGC. UBS Group dropped their target price on Hercules Capital from $20.00 to $18.00 and set a “neutral” rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company dropped their price objective on Hercules Capital from $21.00 to $19.00 and set an “overweight” rating on the stock in a report on Monday, April 28th. Piper Sandler dropped their price objective on Hercules Capital from $23.00 to $20.00 and set an “overweight” rating on the stock in a report on Tuesday, April 8th. Keefe, Bruyette & Woods dropped their price objective on Hercules Capital from $21.50 to $20.50 and set an “outperform” rating on the stock in a report on Tuesday, April 8th. Finally, Compass Point upped their price objective on Hercules Capital from $18.25 to $20.00 and gave the stock a “neutral” rating in a report on Wednesday, February 19th. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $19.92.

Hercules Capital Stock Up 1.2%

HTGC opened at $18.01 on Thursday. The business’s fifty day moving average is $17.65 and its two-hundred day moving average is $19.04. The company has a debt-to-equity ratio of 0.99, a quick ratio of 2.38 and a current ratio of 2.38. The company has a market cap of $3.16 billion, a price-to-earnings ratio of 13.54 and a beta of 0.93. Hercules Capital, Inc. has a one year low of $15.65 and a one year high of $22.04.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, May 1st. The financial services provider reported $0.45 EPS for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.01). The firm had revenue of $102.10 million for the quarter, compared to analysts’ expectations of $125.43 million. Hercules Capital had a return on equity of 16.84% and a net margin of 45.23%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.50 earnings per share. Analysts anticipate that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 20th. Stockholders of record on Tuesday, May 13th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, May 13th. This represents a $1.60 annualized dividend and a dividend yield of 8.89%. Hercules Capital’s dividend payout ratio is currently 120.30%.

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.