TFG Advisers LLC Grows Stake in Hercules Capital, Inc. (NYSE:HTGC)

TFG Advisers LLC boosted its position in Hercules Capital, Inc. (NYSE:HTGC) by 93.9% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 36,654 shares of the financial services provider’s stock after buying an additional 17,748 shares during the period. TFG Advisers LLC’s holdings in Hercules Capital were worth $720,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of HTGC. Fisher Asset Management LLC purchased a new position in Hercules Capital in the 4th quarter valued at approximately $198,000. NBC Securities Inc. increased its stake in Hercules Capital by 154.8% in the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock valued at $48,000 after purchasing an additional 1,594 shares in the last quarter. Global Assets Advisory LLC increased its stake in Hercules Capital by 1,920.8% in the 1st quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock valued at $4,078,000 after purchasing an additional 210,112 shares in the last quarter. Grimes & Company Inc. purchased a new position in Hercules Capital in the 1st quarter valued at approximately $185,000. Finally, SteelPeak Wealth LLC purchased a new position in Hercules Capital during the first quarter worth $234,000. 19.69% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have weighed in on HTGC. JMP Securities raised their price target 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. Wells Fargo & Company raised their price target on Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Finally, Piper Sandler raised their price target on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, Hercules Capital has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

Insider Activity

In other news, Director Nikos Theodosopoulos bought 1,608 shares of Hercules Capital stock in a transaction that occurred on Tuesday, August 6th. The shares were purchased at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the completion of the acquisition, the director now owns 5,613 shares of the company’s stock, valued at $101,202.39. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction 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 transaction, the chief executive officer now owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nikos Theodosopoulos bought 1,608 shares of Hercules Capital stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average price of $18.03 per share, for a total transaction of $28,992.24. Following the acquisition, the director now directly owns 5,613 shares of the company’s stock, valued at $101,202.39. The trade was a 0.00 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.90% of the company’s stock.

Hercules Capital Trading Down 0.4 %

Shares of NYSE:HTGC traded down $0.09 during midday trading on Wednesday, reaching $19.95. The company’s stock had a trading volume of 99,291 shares, compared to its average volume of 911,464. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 9.11 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, Inc. has a 1 year low of $15.02 and a 1 year high of $21.78. The business has a 50 day moving average price of $19.30 and a 200 day moving average price of $19.57.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, meeting analysts’ consensus estimates of $0.51. The business had revenue of $125.01 million during the quarter, compared to the consensus estimate of $124.99 million. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. During the same quarter in the previous year, the business earned $0.53 earnings per share. Research analysts forecast that Hercules Capital, Inc. will post 2.03 EPS for the current year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 13th were given a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.62%. The ex-dividend date was Tuesday, August 13th. Hercules Capital’s dividend payout ratio is currently 72.73%.

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.