International Assets Investment Management LLC Has $79.96 Million Holdings in Hercules Capital, Inc. (NYSE:HTGC)

International Assets Investment Management LLC raised its position in shares of Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 1,861.8% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 407,119 shares of the financial services provider's stock after acquiring an additional 386,367 shares during the period. International Assets Investment Management LLC owned approximately 0.25% of Hercules Capital worth $79,960,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. HHM Wealth Advisors LLC acquired a new position in Hercules Capital in the 2nd quarter valued at $31,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of Hercules Capital in the third quarter valued at about $31,000. Hexagon Capital Partners LLC increased its position in Hercules Capital by 28.9% during the first quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider's stock worth $66,000 after acquiring an additional 806 shares during the period. Armstrong Advisory Group Inc. raised its stake in Hercules Capital by 198.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider's stock worth $106,000 after purchasing an additional 3,580 shares in the last quarter. Finally, ORG Partners LLC raised its stake in Hercules Capital by 963.9% in the 2nd quarter. ORG Partners LLC now owns 8,575 shares of the financial services provider's stock worth $176,000 after purchasing an additional 7,769 shares in the last quarter. Institutional investors and hedge funds own 19.69% of the company's stock.

Analyst Upgrades and Downgrades

HTGC has been the topic of several recent research reports. JMP Securities raised their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a "market outperform" rating in a report on Tuesday, July 30th. Wells Fargo & Company raised their price objective on Hercules Capital from $20.00 to $22.00 and gave the stock an "overweight" rating in a research note on Friday, July 26th. Finally, Piper Sandler increased their target price on Hercules Capital from $22.00 to $22.50 and gave the stock 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, Hercules Capital presently has an average rating of "Moderate Buy" and a consensus price target of $20.00.

Insider Buying and Selling at Hercules Capital

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

Hercules Capital Price Performance

HTGC traded down $0.08 during trading on Friday, hitting $19.90. 478,220 shares of the stock traded hands, compared to its average volume of 580,621. The business has a 50 day moving average price of $19.38 and a 200 day moving average price of $19.61. The company has a market cap of $3.23 billion, a price-to-earnings ratio of 11.12 and a beta of 1.39. Hercules Capital, Inc. has a twelve month low of $15.02 and a twelve month high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42.

Hercules Capital (NYSE:HTGC - Get Free Report) last announced its quarterly earnings data on Thursday, August 1st. 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 18.03% and a net margin of 57.82%. The business had revenue of $125.01 million during the quarter, compared to the consensus estimate of $124.99 million. During the same period in the prior year, the company earned $0.53 EPS. Equities research analysts forecast that Hercules Capital, Inc. will post 2.03 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were given a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 9.65%. The ex-dividend date was Tuesday, August 13th. Hercules Capital's dividend payout ratio is 89.39%.

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.