Hercules Capital, Inc. (NYSE:HTGC) Holdings Boosted by Confluence Investment Management LLC

Confluence Investment Management LLC lifted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 0.2% during the third quarter, Holdings Channel reports. The firm owned 380,452 shares of the financial services provider’s stock after buying an additional 904 shares during the period. Confluence Investment Management LLC’s holdings in Hercules Capital were worth $7,472,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also made changes to their positions in the company. Graypoint LLC increased its stake in shares of Hercules Capital by 2.6% in the third quarter. Graypoint LLC now owns 140,230 shares of the financial services provider’s stock valued at $2,754,000 after purchasing an additional 3,533 shares during the period. Van ECK Associates Corp increased its position in Hercules Capital by 10.3% in the 3rd quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock valued at $61,873,000 after acquiring an additional 290,579 shares during the period. Janney Montgomery Scott LLC raised its stake in shares of Hercules Capital by 2.2% during the third quarter. Janney Montgomery Scott LLC now owns 303,858 shares of the financial services provider’s stock valued at $5,968,000 after purchasing an additional 6,671 shares in the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Hercules Capital by 15.4% during the 3rd quarter. Chicago Partners Investment Group LLC now owns 15,704 shares of the financial services provider’s stock worth $312,000 after buying an additional 2,101 shares in the last quarter. Finally, Farther Finance Advisors LLC lifted its position in Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 2,386 shares during the period. Institutional investors own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

HTGC has been the topic of a number of research analyst reports. Wells Fargo & Company lifted their target price on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. JMP Securities lifted their target price on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Finally, Piper Sandler increased their price target on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Three investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $19.83.

Hercules Capital Stock Down 0.2 %

Shares of Hercules Capital stock opened at $19.66 on Friday. The company has a current ratio of 1.61, a quick ratio of 1.61 and a debt-to-equity ratio of 0.94. Hercules Capital, Inc. has a 1 year low of $15.14 and a 1 year high of $21.78. The stock has a 50-day moving average price of $19.59 and a 200 day moving average price of $19.68. The company has a market cap of $3.19 billion, a P/E ratio of 9.73 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results 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 business had revenue of $125.25 million during the quarter, compared to analysts’ expectations of $125.80 million. During the same period last year, the company posted $0.52 earnings per share. As a group, analysts expect that Hercules Capital, Inc. will post 2.02 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a yield of 9.77%. Hercules Capital’s dividend payout ratio (DPR) is currently 79.21%.

Insider Transactions at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction that occurred 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 owns 2,161,207 shares of the company’s stock, valued at approximately $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 can be accessed through this link. Company insiders own 1.90% of the company’s stock.

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.