Muzinich & Co. Inc. Has $8.02 Million Position in Hercules Capital, Inc. (NYSE:HTGC)

Muzinich & Co. Inc. raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 9.9% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 408,362 shares of the financial services provider's stock after buying an additional 36,886 shares during the quarter. Hercules Capital comprises about 5.7% of Muzinich & Co. Inc.'s investment portfolio, making the stock its 7th biggest position. Muzinich & Co. Inc. owned about 0.25% of Hercules Capital worth $8,020,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of the stock. HHM Wealth Advisors LLC bought a new stake in shares of Hercules Capital during the second quarter valued at approximately $31,000. Kathleen S. Wright Associates Inc. acquired a new position in Hercules Capital in the third quarter worth $31,000. Farther Finance Advisors LLC lifted 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 during the period. Strategic Financial Concepts LLC grew its stake in Hercules Capital by 2,067.0% in the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider's stock valued at $72,000 after acquiring an additional 336,921 shares during the period. Finally, Hexagon Capital Partners LLC raised its holdings in shares of Hercules Capital by 38.8% in the second 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 during the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.

Analyst Ratings Changes

A number of research analysts recently issued reports on HTGC shares. JMP Securities lifted their price objective 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 upped 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. Finally, Piper Sandler boosted their price objective on Hercules Capital from $22.00 to $22.50 and gave the company an "overweight" rating in a research report on Friday, August 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, Hercules Capital presently has an average rating of "Moderate Buy" and an average target price of $19.83.

Insider Activity at Hercules Capital

In other news, CEO Scott Bluestein sold 100,000 shares of the company'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 owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 1.90% of the stock is owned by insiders.

Hercules Capital Price Performance

Shares of NYSE:HTGC traded down $0.13 during trading on Friday, hitting $18.92. 1,491,251 shares of the stock were exchanged, compared to its average volume of 1,077,738. The company has a market cap of $3.07 billion, a PE ratio of 9.37 and a beta of 1.39. The company has a fifty day moving average price of $19.64 and a two-hundred day moving average price of $19.70. Hercules Capital, Inc. has a 12-month low of $15.14 and a 12-month high of $21.78. 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 (NYSE:HTGC - Get Free Report) last issued its quarterly earnings data on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $125.25 million for the quarter, compared to the consensus estimate of $125.80 million. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. During the same period last year, the firm posted $0.52 EPS. On average, analysts forecast that Hercules Capital, Inc. will post 2.02 EPS for the current year.

Hercules Capital Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.15%. The ex-dividend date of this dividend is Wednesday, November 13th. Hercules Capital's dividend payout ratio is currently 79.21%.

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.