Tred Avon Family Wealth LLC Takes $1.04 Million Position in Hercules Capital, Inc. $HTGC

Tred Avon Family Wealth LLC purchased a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 55,117 shares of the financial services provider’s stock, valued at approximately $1,042,000.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Integrated Wealth Concepts LLC raised its holdings in shares of Hercules Capital by 5.9% during the first quarter. Integrated Wealth Concepts LLC now owns 17,241 shares of the financial services provider’s stock worth $331,000 after purchasing an additional 959 shares during the period. Empowered Funds LLC grew its position in shares of Hercules Capital by 85.9% during the 1st quarter. Empowered Funds LLC now owns 22,854 shares of the financial services provider’s stock valued at $439,000 after buying an additional 10,559 shares during the last quarter. Focus Partners Wealth raised its stake in Hercules Capital by 26.0% during the first quarter. Focus Partners Wealth now owns 15,747 shares of the financial services provider’s stock worth $302,000 after acquiring an additional 3,250 shares during the period. Border to Coast Pensions Partnership Ltd raised its stake in Hercules Capital by 7.1% during the second quarter. Border to Coast Pensions Partnership Ltd now owns 375,000 shares of the financial services provider’s stock worth $6,855,000 after acquiring an additional 25,000 shares during the period. Finally, Dakota Wealth Management lifted its holdings in Hercules Capital by 1.6% in the second quarter. Dakota Wealth Management now owns 37,985 shares of the financial services provider’s stock worth $694,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Insiders Place Their Bets

In other Hercules Capital news, Director Gayle A. Crowell acquired 6,000 shares of Hercules Capital stock in a transaction dated Monday, November 3rd. The stock was bought at an average price of $17.77 per share, for a total transaction of $106,620.00. Following the transaction, the director owned 78,727 shares in the company, valued at approximately $1,398,978.79. This trade represents a 8.25% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 1.80% of the company’s stock.

Analyst Ratings Changes

A number of analysts have recently weighed in on HTGC shares. Wall Street Zen cut Hercules Capital from a “buy” rating to a “hold” rating in a research report on Saturday, December 20th. Piper Sandler dropped their target price on Hercules Capital from $21.00 to $20.50 and set an “overweight” rating on the stock in a research report on Thursday, October 9th. UBS Group cut their target price on Hercules Capital from $19.00 to $18.50 and set a “neutral” rating on the stock in a research note on Tuesday, October 14th. Lucid Cap Mkts upgraded shares of Hercules Capital to a “strong-buy” rating in a research report on Monday, December 15th. Finally, Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Hercules Capital in a report on Friday, October 31st. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and two have issued a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $20.32.

Hercules Capital Price Performance

NYSE HTGC opened at $18.91 on Friday. Hercules Capital, Inc. has a 12 month low of $15.65 and a 12 month high of $22.04. The firm has a market capitalization of $3.44 billion, a PE ratio of 10.99 and a beta of 0.84. The company’s 50 day simple moving average is $18.38 and its 200 day simple moving average is $18.62. The company has a debt-to-equity ratio of 0.98, a current ratio of 1.65 and a quick ratio of 1.65.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.48 by $0.01. Hercules Capital had a return on equity of 16.13% and a net margin of 60.05%.The firm had revenue of $138.09 million during the quarter, compared to analyst estimates of $136.95 million. During the same period last year, the company posted $0.51 EPS. As a group, equities research analysts forecast that Hercules Capital, Inc. will post 1.96 EPS for the current fiscal year.

Hercules Capital Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 19th. Shareholders of record on Wednesday, November 12th were given a $0.40 dividend. The ex-dividend date was Wednesday, November 12th. This represents a $1.60 annualized dividend and a yield of 8.5%. Hercules Capital’s payout ratio is 93.02%.

About Hercules Capital

Hercules Capital, Inc is a specialty finance company organized as a business development company (BDC) that provides tailored debt financing solutions to high‐growth companies. Through its external management structure, Hercules Capital extends senior secured loans, subordinated debt and growth capital designed to support research and development, expansion initiatives and working capital needs. The firm primarily partners with venture capital and private equity sponsors to finance innovative enterprises across various developmental stages.

The company’s investment portfolio is concentrated in technology, life sciences and sustainable and renewable technology sectors, reflecting its focus on industries with strong growth prospects and recurring capital requirements.