Insider Selling: Hercules Capital, Inc. (NYSE:HTGC) Director Sells $261,877.00 in Stock

Hercules Capital, Inc. (NYSE:HTGC) Director Robert P. Badavas sold 13,300 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $19.69, for a total transaction of $261,877.00. Following the sale, the director now directly owns 4,234 shares of the company’s stock, valued at $83,367.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink.

Hercules Capital Stock Performance

Shares of Hercules Capital stock opened at $19.82 on Monday. The stock’s fifty day simple moving average is $19.33 and its 200 day simple moving average is $18.16. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.93. The company has a market capitalization of $3.21 billion, a PE ratio of 9.01 and a beta of 1.36. Hercules Capital, Inc. has a 12 month low of $14.05 and a 12 month high of $20.01.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings results on Thursday, May 2nd. The financial services provider reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.48 by $0.02. Hercules Capital had a return on equity of 18.35% and a net margin of 69.98%. The company had revenue of $121.55 million during the quarter, compared to the consensus estimate of $121.86 million. During the same period in the prior year, the company earned $0.47 earnings per share. The company’s revenue for the quarter was up 15.7% compared to the same quarter last year. On average, research analysts predict that Hercules Capital, Inc. will post 2.06 EPS for the current year.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were issued a dividend of $0.48 per share. The ex-dividend date was Monday, May 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.69%. Hercules Capital’s payout ratio is 72.73%.

Analyst Ratings Changes

HTGC has been the subject of a number of analyst reports. JMP Securities lifted their target price on shares of Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a report on Friday, May 3rd. Wells Fargo & Company lifted their price objective on Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a research note on Friday, May 3rd. Piper Sandler upped their price objective on Hercules Capital from $21.00 to $21.50 and gave the company an “overweight” rating in a report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods raised their target price on Hercules Capital from $18.00 to $19.00 and gave the stock a “market perform” rating in a report on Friday, May 3rd. Five analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $18.56.

Hedge Funds Weigh In On Hercules Capital

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC lifted its holdings in shares of Hercules Capital by 1,567.0% in the fourth quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock valued at $22,433,000 after purchasing an additional 1,265,008 shares in the last quarter. Melia Wealth LLC bought a new stake in shares of Hercules Capital in the fourth quarter worth $10,922,000. Van ECK Associates Corp boosted its holdings in Hercules Capital by 18.8% during the fourth quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock worth $40,254,000 after purchasing an additional 381,318 shares during the last quarter. Confluence Investment Management LLC acquired a new position in Hercules Capital during the first quarter valued at approximately $6,950,000. Finally, Global Assets Advisory LLC grew its stake in Hercules Capital by 1,920.8% in the first quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock valued at $4,078,000 after purchasing an additional 210,112 shares in the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

About Hercules Capital

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.