Sunbelt Securities Inc. Has $371,000 Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Sunbelt Securities Inc. decreased its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 3.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,150 shares of the financial services provider’s stock after selling 552 shares during the period. Sunbelt Securities Inc.’s holdings in Hercules Capital were worth $371,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Confluence Investment Management LLC bought a new position in shares of Hercules Capital during the first quarter valued at $6,950,000. Strategic Financial Concepts LLC lifted its holdings in Hercules Capital by 2,067.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock valued at $72,000 after purchasing an additional 336,921 shares during the last quarter. Van ECK Associates Corp boosted its position in Hercules Capital by 11.8% in the second quarter. Van ECK Associates Corp now owns 2,824,840 shares of the financial services provider’s stock valued at $57,768,000 after buying an additional 298,992 shares in the last quarter. Global Assets Advisory LLC grew its stake in Hercules Capital by 1,920.8% during the first quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock worth $4,078,000 after buying an additional 210,112 shares during the last quarter. Finally, TrueMark Investments LLC acquired a new stake in shares of Hercules Capital during the second quarter worth approximately $3,015,000. 19.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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

Hercules Capital Trading Down 0.5 %

Shares of NYSE HTGC opened at $19.55 on Wednesday. The company’s 50 day simple moving average is $19.23 and its 200 day simple moving average is $19.40. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. Hercules Capital, Inc. has a fifty-two week low of $15.02 and a fifty-two week high of $21.78. The firm has a market capitalization of $3.17 billion, a P/E ratio of 8.89 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, hitting analysts’ consensus estimates of $0.51. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. The business had revenue of $125.01 million during the quarter, compared to analysts’ expectations of $124.99 million. During the same period in the previous year, the firm earned $0.53 earnings per share. On average, analysts predict that Hercules Capital, Inc. will post 2.03 EPS for the current year.

Hercules Capital Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were given a $0.48 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.82%. Hercules Capital’s dividend payout ratio is 72.73%.

Analyst Upgrades and Downgrades

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

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.