Private Advisor Group LLC Acquires 27,221 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Private Advisor Group LLC increased its holdings in Hercules Capital, Inc. (NYSE:HTGC - Free Report) by 28.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 123,914 shares of the financial services provider's stock after acquiring an additional 27,221 shares during the period. Private Advisor Group LLC owned about 0.08% of Hercules Capital worth $2,434,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new position in Hercules Capital in the second quarter valued at about $31,000. Kathleen S. Wright Associates Inc. bought a new stake in shares of Hercules Capital in the 3rd quarter valued at approximately $31,000. Hexagon Capital Partners LLC increased its holdings in Hercules Capital by 28.9% in the first quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider's stock worth $66,000 after buying an additional 806 shares during the last quarter. Strategic Financial Concepts LLC raised its position in Hercules Capital by 2,067.0% during 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 in the last quarter. Finally, Armstrong Advisory Group Inc. lifted its stake in Hercules Capital by 198.9% in the third quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider's stock valued at $106,000 after acquiring an additional 3,580 shares during the last quarter. 19.69% of the stock is currently owned by institutional investors and hedge funds.

Hercules Capital Stock Performance

Shares of Hercules Capital stock traded down $0.14 during trading on Tuesday, reaching $20.00. The company's stock had a trading volume of 610,987 shares, compared to its average volume of 911,097. Hercules Capital, Inc. has a one year low of $15.11 and a one year high of $21.78. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The firm has a market cap of $3.24 billion, a price-to-earnings ratio of 9.09 and a beta of 1.39. The business's fifty day moving average price is $19.45 and its 200-day moving average price is $19.63.

Hercules Capital (NYSE:HTGC - Get Free Report) last issued its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, hitting analysts' consensus estimates of $0.51. Hercules Capital had a return on equity of 18.03% and a net margin of 57.82%. The company had revenue of $125.01 million during the quarter, compared to analyst estimates of $124.99 million. During the same period in the previous year, the company earned $0.53 earnings per share. As a group, equities research analysts predict that Hercules Capital, Inc. will post 2.03 earnings per share for the current year.

Hercules Capital Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be issued a dividend of $0.48 per share. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 9.60%. Hercules Capital's payout ratio is 72.73%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on HTGC shares. Wells Fargo & Company raised their price target on shares of Hercules Capital from $20.00 to $21.00 and gave the company an "overweight" rating in a report on Tuesday. Piper Sandler boosted 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. Finally, JMP Securities increased their price objective on Hercules Capital from $20.00 to $22.00 and gave the company a "market outperform" rating in a report on Tuesday, July 30th. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, the company 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 Hercules Capital stock in a transaction that occurred 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 sale, 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 position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Hercules Capital news, Director Nikos Theodosopoulos purchased 1,608 shares of the business's stock in a transaction 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 completion of the purchase, the director now directly owns 5,613 shares in the company, valued at approximately $101,202.39. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 2,161,207 shares in the company, valued at $42,338,045.13. The trade was a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate 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.