Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by Founders Financial Alliance LLC

Founders Financial Alliance LLC increased its stake in Hercules Capital, Inc. (NYSE:HTGC) by 2.3% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 28,028 shares of the financial services provider’s stock after purchasing an additional 627 shares during the quarter. Founders Financial Alliance LLC’s holdings in Hercules Capital were worth $573,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of HTGC. HHM Wealth Advisors LLC acquired a new position in shares of Hercules Capital during the 2nd quarter valued at $31,000. NBC Securities Inc. boosted its position in shares of Hercules Capital by 154.8% during the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,594 shares in the last quarter. Hexagon Capital Partners LLC raised its holdings in shares of Hercules Capital by 28.9% in the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after purchasing an additional 806 shares in the last quarter. Security National Bank acquired a new stake in Hercules Capital during the fourth quarter valued at approximately $67,000. Finally, C M Bidwell & Associates Ltd. boosted its holdings in Hercules Capital by 54.6% during the fourth quarter. C M Bidwell & Associates Ltd. now owns 4,220 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,490 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Price Performance

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

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting 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 for the quarter, compared to analysts’ expectations of $124.99 million. During the same period in the previous year, the business posted $0.53 earnings per share. Analysts anticipate that Hercules Capital, Inc. will post 2.03 earnings per share for the current year.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were given a $0.48 dividend. 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 payout ratio is presently 72.73%.

Insiders Place Their Bets

In other news, Director Nikos Theodosopoulos purchased 1,608 shares of the business’s stock in a transaction dated 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 completion of the purchase, the director now directly owns 5,613 shares of the company’s stock, valued at approximately $101,202.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Hercules Capital news, Director Nikos Theodosopoulos bought 1,608 shares of the company’s stock in a transaction on Tuesday, August 6th. The stock was bought at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the transaction, the director now owns 5,613 shares of the company’s stock, valued at approximately $101,202.39. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at $42,338,045.13. The disclosure for this sale can be found here. Insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

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

Hercules Capital Company 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.