Scott Bluestein Sells 100,000 Shares of Hercules Capital, Inc. (NYSE:HTGC) Stock

Hercules Capital, Inc. (NYSE:HTGC) CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The shares were sold at an average price of $19.59, for a total value of $1,959,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,161,207 shares in the company, valued at $42,338,045.13. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hercules Capital Trading Up 0.9 %

HTGC opened at $19.75 on Friday. 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 company’s 50 day moving average price is $19.30 and its two-hundred day moving average price is $19.37. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 8.98 and a beta of 1.39.

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

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 13th were given a dividend of $0.48 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.72%. Hercules Capital’s dividend payout ratio (DPR) is 72.73%.

Institutional Trading of Hercules Capital

Several institutional investors have recently added to or reduced their stakes in HTGC. HHM Wealth Advisors LLC bought a new position in Hercules Capital during the 2nd quarter worth approximately $31,000. NBC Securities Inc. raised its stake in Hercules Capital by 154.8% during the first quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,594 shares during the last quarter. Hexagon Capital Partners LLC lifted its holdings in 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 valued at $66,000 after buying an additional 806 shares during the period. Security National Bank bought a new stake in Hercules Capital during the fourth quarter valued at $67,000. Finally, C M Bidwell & Associates Ltd. grew its holdings in Hercules Capital by 54.6% during the 4th quarter. C M Bidwell & Associates Ltd. now owns 4,220 shares of the financial services provider’s stock worth $70,000 after acquiring an additional 1,490 shares during the period. 19.69% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. Wells Fargo & Company raised their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Piper Sandler raised their target price on shares of Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, JMP Securities upped their price target 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. Based on data from MarketBeat.com, Hercules Capital currently has a consensus rating of “Hold” and a consensus 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.