CreativeOne Wealth LLC Takes Position in Hercules Capital, Inc. (NYSE:HTGC)

CreativeOne Wealth LLC acquired a new position in Hercules Capital, Inc. (NYSE:HTGC) in the third quarter, Holdings Channel.com reports. The institutional investor acquired 13,950 shares of the financial services provider’s stock, valued at approximately $274,000.

Several other hedge funds have also recently bought and sold shares of HTGC. Van ECK Associates Corp increased its holdings in shares of Hercules Capital by 10.3% during 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 last quarter. Sound Income Strategies LLC raised its position in shares of Hercules Capital by 1.8% in the third 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 period. Gilman Hill Asset Management LLC lifted its stake in shares of Hercules Capital by 1.2% in the second 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 during the last quarter. Tectonic Advisors LLC grew its stake in Hercules Capital by 17.0% in the 3rd quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after buying an additional 62,826 shares during the last quarter. Finally, Muzinich & Co. Inc. raised its holdings in Hercules Capital by 9.9% in the 3rd quarter. Muzinich & Co. Inc. now owns 408,362 shares of the financial services provider’s stock worth $8,020,000 after acquiring an additional 36,886 shares during the period. 19.69% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Scott Bluestein sold 100,000 shares of the stock in a transaction dated 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 completion of the transaction, the chief executive officer now owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. This represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.90% of the stock is owned by company insiders.

Analysts Set New Price Targets

Separately, Wells Fargo & Company raised their price target on Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research report on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $20.40.

Hercules Capital Price Performance

Shares of Hercules Capital stock opened at $18.97 on Tuesday. The firm has a fifty day moving average price of $19.57 and a two-hundred day moving average price of $19.66. Hercules Capital, Inc. has a fifty-two week low of $15.14 and a fifty-two week high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $3.08 billion, a PE ratio of 9.39 and a beta of 1.39.

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

Hercules Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, November 20th. Investors of record on Wednesday, November 13th were paid a $0.48 dividend. The ex-dividend date of this dividend was Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.12%. Hercules Capital’s payout ratio is 79.21%.

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.