Hercules Capital, Inc. (NYSE:HTGC) Stock Position Raised by Tectonic Advisors LLC

Tectonic Advisors LLC raised its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 17.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 433,032 shares of the financial services provider’s stock after purchasing an additional 62,826 shares during the period. Tectonic Advisors LLC’s holdings in Hercules Capital were worth $8,505,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. HHM Wealth Advisors LLC bought a new position in shares of Hercules Capital in the 2nd quarter valued at approximately $31,000. Kathleen S. Wright Associates Inc. acquired a new stake in Hercules Capital in the 3rd quarter valued at approximately $31,000. Hexagon Capital Partners LLC grew its holdings in shares of Hercules Capital by 28.9% during 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. Strategic Financial Concepts LLC grew its holdings in shares of 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 in the last quarter. Finally, Armstrong Advisory Group Inc. boosted its stake in Hercules Capital by 198.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after buying an additional 3,580 shares in the last quarter. 19.69% of the stock is owned by hedge funds and other institutional investors.

Hercules Capital Stock Up 0.6 %

Shares of HTGC stock opened at $19.98 on Friday. Hercules Capital, Inc. has a 12-month low of $15.02 and a 12-month high of $21.78. The firm has a fifty day moving average of $19.36 and a 200-day moving average of $19.58. The company has a market capitalization of $3.24 billion, a price-to-earnings ratio of 9.08 and a beta of 1.39. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last announced its earnings results on Thursday, August 1st. 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 57.82% and a return on equity of 18.03%. The business had revenue of $125.01 million during the quarter, compared to analysts’ expectations of $124.99 million. During the same quarter in the prior year, the company posted $0.53 earnings per share. As a group, equities research analysts predict that Hercules Capital, Inc. will post 2.03 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The company 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 dividend on an annualized basis and a yield of 9.61%. The ex-dividend date was Tuesday, August 13th. Hercules Capital’s dividend payout ratio is currently 72.73%.

Insider Buying and Selling at Hercules Capital

In related news, Director Nikos Theodosopoulos bought 1,608 shares of the business’s stock in a transaction dated 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 purchase, the director now owns 5,613 shares in the company, valued at $101,202.39. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, 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 transaction 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 approximately $42,338,045.13. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nikos Theodosopoulos purchased 1,608 shares of the stock in a transaction that occurred on Tuesday, August 6th. The shares were acquired at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the transaction, the director now owns 5,613 shares of the company’s stock, valued at $101,202.39. This trade represents a 0.00 % increase in their position. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently weighed in on HTGC shares. JMP Securities boosted their target price on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 30th. Piper Sandler boosted their target price on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Finally, 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 report on Friday, July 26th. Three equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $20.00.

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.