Delphi Management Inc. MA Lowers Stake in Hercules Capital, Inc. (NYSE:HTGC)

Delphi Management Inc. MA decreased its position in Hercules Capital, Inc. (NYSE:HTGC) by 0.7% during the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 96,791 shares of the financial services provider’s stock after selling 659 shares during the quarter. Hercules Capital makes up 1.6% of Delphi Management Inc. MA’s portfolio, making the stock its 4th biggest holding. Delphi Management Inc. MA owned 0.06% of Hercules Capital worth $1,979,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Wedbush Securities Inc. raised its stake in shares of Hercules Capital by 3.8% in the second quarter. Wedbush Securities Inc. now owns 15,689 shares of the financial services provider’s stock worth $321,000 after buying an additional 569 shares during the period. RMR Wealth Builders raised its stake in shares of Hercules Capital by 3.5% in the second quarter. RMR Wealth Builders now owns 16,997 shares of the financial services provider’s stock worth $348,000 after buying an additional 571 shares during the period. Founders Financial Alliance LLC raised its stake in shares of Hercules Capital by 2.3% in the second quarter. Founders Financial Alliance LLC now owns 28,028 shares of the financial services provider’s stock worth $573,000 after buying an additional 627 shares during the period. Hexagon Capital Partners LLC raised its stake in shares of Hercules Capital by 28.9% in the first quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after buying an additional 806 shares during the period. Finally, Accel Wealth Management raised its stake in shares of Hercules Capital by 7.3% in the second quarter. Accel Wealth Management now owns 15,578 shares of the financial services provider’s stock worth $319,000 after buying an additional 1,066 shares during the period. Institutional investors own 19.69% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on HTGC shares. Wells Fargo & Company raised their price objective on Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. JMP Securities raised their price objective on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. Finally, Piper Sandler raised their price objective on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hercules Capital currently has a consensus rating of “Hold” and a consensus price target of $20.00.

Hercules Capital Stock Performance

NYSE:HTGC opened at $19.64 on Tuesday. The company has a current ratio of 1.42, a quick ratio of 1.42 and a debt-to-equity ratio of 0.94. Hercules Capital, Inc. has a 12-month low of $15.02 and a 12-month high of $21.78. The stock has a 50-day moving average price of $19.26 and a 200 day moving average price of $19.39. The stock has a market capitalization of $3.19 billion, a P/E ratio of 8.93 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. The firm had revenue of $125.01 million during the quarter, compared to analysts’ expectations of $124.99 million. During the same quarter last year, the business posted $0.53 earnings per share. Equities research analysts forecast that Hercules Capital, Inc. will post 2.03 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.78%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s dividend payout ratio is presently 72.73%.

Insider Buying and Selling at Hercules Capital

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the completion of the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 26th. The stock was sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the completion of the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Nikos Theodosopoulos purchased 1,608 shares of the business’s stock in a transaction on Tuesday, August 6th. The shares were purchased at an average price of $18.03 per share, with a total value of $28,992.24. Following the acquisition, the director now directly owns 5,613 shares in the company, valued at $101,202.39. The disclosure for this purchase can be found here. 1.90% of the stock is currently 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.