Naviter Wealth LLC Has $2.71 Million Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Naviter Wealth LLC boosted its stake in Hercules Capital, Inc. (NYSE:HTGC) by 8.1% in the third quarter, Holdings Channel reports. The firm owned 137,931 shares of the financial services provider’s stock after purchasing an additional 10,382 shares during the quarter. Naviter Wealth LLC’s holdings in Hercules Capital were worth $2,709,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Van ECK Associates Corp raised its position in shares of Hercules Capital by 11.8% in the 2nd 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. Sound Income Strategies LLC increased its stake in shares of Hercules Capital by 1.8% in the 3rd 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 last quarter. Gilman Hill Asset Management LLC raised its holdings in shares of Hercules Capital by 1.2% during the 2nd quarter. Gilman Hill Asset Management LLC now owns 607,669 shares of the financial services provider’s stock worth $12,427,000 after buying an additional 7,485 shares in the last quarter. Confluence Investment Management LLC raised its holdings in shares of Hercules Capital by 0.8% during the 2nd quarter. Confluence Investment Management LLC now owns 379,548 shares of the financial services provider’s stock worth $7,762,000 after buying an additional 2,875 shares in the last quarter. Finally, Advisors Asset Management Inc. boosted its stake in Hercules Capital by 1.8% in the first quarter. Advisors Asset Management Inc. now owns 374,007 shares of the financial services provider’s stock valued at $6,900,000 after buying an additional 6,643 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Wells Fargo & Company boosted their target price on Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a research note on Friday, July 26th. Piper Sandler increased their price objective on shares of 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 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. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $20.00.

Hercules Capital Trading Up 0.3 %

Shares of NYSE:HTGC traded up $0.07 during mid-day trading on Thursday, reaching $20.25. 15,640 shares of the company’s stock were exchanged, compared to its average volume of 918,628. The firm has a market capitalization of $3.28 billion, a price-to-earnings ratio of 9.17 and a beta of 1.39. The business’s fifty day moving average price is $19.16 and its 200-day moving average price is $19.51. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. Hercules Capital, Inc. has a twelve month low of $15.02 and a twelve month high of $21.78.

Hercules Capital (NYSE:HTGC) last released its earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $125.01 million during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.53 EPS. On average, research analysts predict that Hercules Capital, Inc. will post 2.03 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were paid a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.48%. The ex-dividend date was Tuesday, August 13th. Hercules Capital’s dividend payout ratio (DPR) is presently 72.73%.

Insider Activity

In related news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, CEO Scott Bluestein sold 100,000 shares of the 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 sale, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Nikos Theodosopoulos bought 1,608 shares of Hercules Capital stock in a transaction dated Tuesday, August 6th. The stock was acquired at an average price of $18.03 per share, with a total value of $28,992.24. Following the purchase, the director now directly owns 5,613 shares of the company’s stock, valued at approximately $101,202.39. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is currently owned by company insiders.

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.