Monument Capital Management Purchases New Position in Hercules Capital, Inc. (NYSE:HTGC)

Monument Capital Management purchased a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) in the 1st quarter, Holdings Channel.com reports. The firm purchased 19,030 shares of the financial services provider’s stock, valued at approximately $351,000.

A number of other large investors have also added to or reduced their stakes in HTGC. Sound Income Strategies LLC increased its position in Hercules Capital by 2.9% in the first quarter. Sound Income Strategies LLC now owns 2,654,119 shares of the financial services provider’s stock worth $48,968,000 after purchasing an additional 73,747 shares during the last quarter. Van ECK Associates Corp grew its stake in shares of Hercules Capital by 18.8% in the 4th quarter. Van ECK Associates Corp now owns 2,414,747 shares of the financial services provider’s stock worth $40,254,000 after buying an additional 381,318 shares in the last quarter. International Assets Investment Management LLC increased its holdings in shares of Hercules Capital by 1,567.0% in the 4th quarter. International Assets Investment Management LLC now owns 1,345,736 shares of the financial services provider’s stock worth $22,433,000 after buying an additional 1,265,008 shares during the last quarter. Advisors Capital Management LLC lifted its holdings in shares of Hercules Capital by 2.4% in the 3rd quarter. Advisors Capital Management LLC now owns 1,006,309 shares of the financial services provider’s stock valued at $16,524,000 after acquiring an additional 23,157 shares during the last quarter. Finally, Melia Wealth LLC lifted its holdings in shares of Hercules Capital by 5.5% in the 1st quarter. Melia Wealth LLC now owns 691,540 shares of the financial services provider’s stock valued at $12,759,000 after acquiring an additional 36,325 shares during the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Performance

Shares of Hercules Capital stock opened at $21.17 on Thursday. Hercules Capital, Inc. has a 52 week low of $14.62 and a 52 week high of $21.19. The company has a market capitalization of $3.43 billion, a PE ratio of 9.62 and a beta of 1.39. The stock’s fifty day moving average is $19.66 and its two-hundred day moving average is $18.41. The company has a quick ratio of 2.47, a current ratio of 2.47 and a debt-to-equity ratio of 0.93.

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

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Stockholders of record on Tuesday, May 14th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.07%. The ex-dividend date of this dividend was Monday, May 13th. Hercules Capital’s dividend payout ratio is presently 72.73%.

Analyst Ratings Changes

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

Insider Activity at Hercules Capital

In other Hercules Capital news, Director Robert P. Badavas sold 13,300 shares of the firm’s stock in a transaction 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 transaction, the director now directly owns 4,234 shares in the company, valued at approximately $83,367.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director Robert P. Badavas sold 1,700 shares of the business’s stock in a transaction dated Tuesday, June 18th. The shares were sold at an average price of $19.60, for a total value of $33,320.00. Following the completion of the sale, the director now owns 4,234 shares in the company, valued at approximately $82,986.40. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Robert P. Badavas sold 13,300 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $19.69, for a total transaction of $261,877.00. Following the transaction, the director now owns 4,234 shares in the company, valued at $83,367.46. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

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.