Quantbot Technologies LP Reduces Position in Hercules Capital, Inc. (NYSE:HTGC)

Quantbot Technologies LP trimmed its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 20.7% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 33,852 shares of the financial services provider’s stock after selling 8,825 shares during the quarter. Quantbot Technologies LP’s holdings in Hercules Capital were worth $665,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Van ECK Associates Corp boosted its stake in Hercules Capital by 10.3% during the third quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock worth $61,873,000 after buying an additional 290,579 shares during the last quarter. Sound Income Strategies LLC grew its holdings in shares of Hercules Capital by 1.8% in the third quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock valued at $53,761,000 after purchasing an additional 47,672 shares during the period. Gilman Hill Asset Management LLC increased its position in Hercules Capital by 1.2% during the second quarter. Gilman Hill Asset Management LLC now owns 607,669 shares of the financial services provider’s stock worth $12,427,000 after purchasing an additional 7,485 shares during the last quarter. Tectonic Advisors LLC raised its stake in Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock worth $8,505,000 after purchasing an additional 62,826 shares during the period. Finally, Muzinich & Co. Inc. boosted its holdings in Hercules Capital by 9.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider’s stock valued at $8,020,000 after purchasing an additional 36,886 shares during the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the company’s stock in a transaction that occurred on Thursday, September 26th. The shares were 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 of the company’s stock, valued at $42,338,045.13. This represents a 4.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.90% of the stock is currently owned by company insiders.

Hercules Capital Trading Up 0.2 %

Shares of HTGC stock opened at $18.97 on Tuesday. Hercules Capital, Inc. has a 1-year low of $15.14 and a 1-year high of $21.78. The firm has a market cap of $3.08 billion, a PE ratio of 9.39 and a beta of 1.39. The company has a 50-day moving average of $19.57 and a two-hundred day moving average of $19.66. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61.

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

Hercules Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 10.12%. The ex-dividend date of this dividend was Wednesday, November 13th. Hercules Capital’s payout ratio is 79.21%.

Wall Street Analysts Forecast Growth

Separately, Wells Fargo & Company raised 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. Two analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $20.40.

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.