Graypoint LLC Boosts Stock Position in Hercules Capital, Inc. (NYSE:HTGC)

Graypoint LLC raised its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 2.6% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 140,230 shares of the financial services provider’s stock after buying an additional 3,533 shares during the quarter. Graypoint LLC’s holdings in Hercules Capital were worth $2,754,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of the company. HHM Wealth Advisors LLC acquired a new position in shares of Hercules Capital in the second quarter valued at about $31,000. Kathleen S. Wright Associates Inc. purchased a new stake in Hercules Capital during the third quarter worth $31,000. Farther Finance Advisors LLC increased 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 buying an additional 2,386 shares in the last quarter. Strategic Financial Concepts LLC boosted its stake 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 acquiring an additional 336,921 shares in the last quarter. Finally, Hexagon Capital Partners LLC increased its stake in shares of Hercules Capital by 38.8% in the 2nd quarter. Hexagon Capital Partners LLC now owns 4,994 shares of the financial services provider’s stock valued at $102,000 after purchasing an additional 1,395 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Wall Street Analyst Weigh In

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

Insiders Place Their Bets

In other Hercules Capital 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 transaction of $1,959,000.00. Following the transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. 1.90% of the stock is owned by insiders.

Hercules Capital Stock Performance

Shares of HTGC stock opened at $19.79 on Thursday. Hercules Capital, Inc. has a one year low of $15.14 and a one year high of $21.78. The firm’s 50 day moving average price is $19.57 and its 200-day moving average price is $19.68. The firm has a market cap of $3.21 billion, a P/E ratio of 9.80 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The company had revenue of $125.25 million for the quarter, compared to the consensus estimate of $125.80 million. During the same quarter in the prior year, the business earned $0.52 EPS. As a group, equities research analysts predict that Hercules Capital, Inc. will post 2.02 EPS for the current year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Shareholders of record on Wednesday, November 13th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 9.70%. The ex-dividend date of this dividend is Wednesday, November 13th. Hercules Capital’s payout ratio is currently 79.21%.

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.