Truvestments Capital LLC Increases Holdings in Hercules Capital, Inc. (NYSE:HTGC)

Truvestments Capital LLC boosted its position in Hercules Capital, Inc. (NYSE:HTGC) by 1.4% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 136,275 shares of the financial services provider’s stock after buying an additional 1,933 shares during the period. Truvestments Capital LLC owned approximately 0.08% of Hercules Capital worth $2,676,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. HHM Wealth Advisors LLC purchased a new stake in shares of Hercules Capital in the 2nd quarter valued at $31,000. Kathleen S. Wright Associates Inc. acquired a new position in Hercules Capital during the third quarter valued at $31,000. Farther Finance Advisors LLC boosted its holdings 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 valued at $47,000 after purchasing an additional 2,386 shares during the last quarter. Strategic Financial Concepts LLC grew its position in Hercules Capital by 2,067.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock worth $72,000 after purchasing an additional 336,921 shares during the period. Finally, Hexagon Capital Partners LLC raised its stake in shares of Hercules Capital by 38.8% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $102,000 after buying an additional 1,395 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Insider Buying and Selling

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the firm’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 value of $1,959,000.00. Following the transaction, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.90% of the stock is owned by company insiders.

Hercules Capital Stock Up 0.3 %

Shares of HTGC opened at $18.81 on Monday. The firm has a market cap of $3.06 billion, a P/E ratio of 9.29 and a beta of 1.39. Hercules Capital, Inc. has a 12 month low of $15.14 and a 12 month high of $21.78. The stock’s 50 day moving average is $19.63 and its two-hundred day moving average is $19.68. 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 (NYSE:HTGC) last issued 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 company had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. During the same quarter in the previous year, the firm earned $0.52 EPS. Analysts predict that Hercules Capital, Inc. will post 2.02 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were given a $0.48 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 10.21%. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

Analysts Set New Price Targets

Several analysts recently commented on the company. JMP Securities raised 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. Wells Fargo & Company raised their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research note on Tuesday, October 29th. Finally, Piper Sandler boosted their target price 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. Two analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price 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.