Nisa Investment Advisors LLC Purchases New Shares in Hercules Capital, Inc. (NYSE:HTGC)

Nisa Investment Advisors LLC acquired a new position in Hercules Capital, Inc. (NYSE:HTGC) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 5,800 shares of the financial services provider’s stock, valued at approximately $114,000.

Other institutional investors have also added to or reduced their stakes in the company. Janney Montgomery Scott LLC grew its holdings in shares of Hercules Capital by 6.6% in the first quarter. Janney Montgomery Scott LLC now owns 301,373 shares of the financial services provider’s stock valued at $5,560,000 after acquiring an additional 18,777 shares in the last quarter. Tectonic Advisors LLC grew its stake in Hercules Capital by 6.2% in the 1st quarter. Tectonic Advisors LLC now owns 344,863 shares of the financial services provider’s stock valued at $6,363,000 after purchasing an additional 20,071 shares during the period. Significant Wealth Partners LLC increased its position in shares of Hercules Capital by 192.4% during the 1st quarter. Significant Wealth Partners LLC now owns 86,717 shares of the financial services provider’s stock valued at $1,600,000 after purchasing an additional 57,059 shares during the last quarter. Concurrent Investment Advisors LLC raised its stake in shares of Hercules Capital by 9.1% during the 1st quarter. Concurrent Investment Advisors LLC now owns 26,607 shares of the financial services provider’s stock worth $491,000 after purchasing an additional 2,226 shares during the period. Finally, US Bancorp DE boosted its holdings in shares of Hercules Capital by 12.7% in the 1st quarter. US Bancorp DE now owns 45,465 shares of the financial services provider’s stock worth $839,000 after buying an additional 5,134 shares during the last quarter. 19.69% of the stock is owned by institutional investors.

Hercules Capital Price Performance

Shares of NYSE:HTGC opened at $19.69 on Friday. The firm has a market capitalization of $3.20 billion, a PE ratio of 9.75 and a beta of 1.39. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The company has a 50-day moving average price of $19.58 and a two-hundred day moving average price of $19.68. Hercules Capital, Inc. has a twelve month low of $15.14 and a twelve month high of $21.78.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 EPS for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The company had revenue of $125.25 million during the quarter, compared to the consensus estimate of $125.80 million. During the same period last year, the firm earned $0.52 EPS. Equities analysts forecast that Hercules Capital, Inc. will post 2.02 EPS for the current year.

Hercules Capital Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 9.75%. The ex-dividend date is Wednesday, November 13th. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

Insider Activity at Hercules Capital

In other news, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,161,207 shares in the company, valued at $42,338,045.13. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. 1.90% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on HTGC shares. Piper Sandler raised their price objective on shares of Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company lifted their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, JMP Securities upped their price objective on Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $19.83.

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.