Advisors Asset Management Inc. Buys 34,718 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Advisors Asset Management Inc. boosted its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 9.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 406,985 shares of the financial services provider's stock after purchasing an additional 34,718 shares during the period. Advisors Asset Management Inc. owned approximately 0.25% of Hercules Capital worth $7,993,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in HTGC. International Assets Investment Management LLC boosted its stake in shares of Hercules Capital by 1,861.8% during the 3rd quarter. International Assets Investment Management LLC now owns 407,119 shares of the financial services provider's stock worth $79,960,000 after acquiring an additional 386,367 shares in the last quarter. Strategic Financial Concepts LLC raised its holdings 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 buying an additional 336,921 shares during the period. Van ECK Associates Corp boosted its holdings in shares of Hercules Capital by 11.8% in the second quarter. Van ECK Associates Corp now owns 2,824,840 shares of the financial services provider's stock worth $57,768,000 after buying an additional 298,992 shares during the period. TrueMark Investments LLC purchased a new position in shares of Hercules Capital in the second quarter worth approximately $3,015,000. Finally, Truvestments Capital LLC raised its holdings in shares of Hercules Capital by 521.7% during the first quarter. Truvestments Capital LLC now owns 123,188 shares of the financial services provider's stock valued at $2,273,000 after acquiring an additional 103,374 shares during the period. 19.69% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the company. Piper Sandler raised 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. JMP Securities raised their price objective 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. Finally, Wells Fargo & Company increased their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the stock an "overweight" rating in a research report on Tuesday, October 29th. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $19.83.

Hercules Capital Stock Down 1.5 %

HTGC stock traded down $0.29 during mid-day trading on Thursday, hitting $18.53. The stock had a trading volume of 1,634,007 shares, compared to its average volume of 948,978. The stock has a market capitalization of $3.01 billion, a price-to-earnings ratio of 9.17 and a beta of 1.39. 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, Inc. has a 1-year low of $15.14 and a 1-year high of $21.78. The company has a fifty day moving average of $19.65 and a 200 day moving average of $19.68.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The firm had revenue of $125.25 million during the quarter, compared to analysts' expectations of $125.80 million. During the same quarter in the prior year, the business earned $0.52 earnings per share. On average, equities analysts expect that Hercules Capital, Inc. will post 2.02 EPS for the current fiscal year.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.36%. The ex-dividend date was Wednesday, November 13th. Hercules Capital's dividend payout ratio is currently 79.21%.

Insider Buying and Selling

In other news, CEO Scott Bluestein sold 100,000 shares of the company's stock in a transaction 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 of the company's stock, valued at $42,338,045.13. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.90% of the stock is owned by company insiders.

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.