ORG Partners LLC Raises Stock Holdings in Hercules Capital, Inc. (NYSE:HTGC)

ORG Partners LLC grew its stake in Hercules Capital, Inc. (NYSE:HTGC) by 963.9% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,575 shares of the financial services provider’s stock after buying an additional 7,769 shares during the quarter. ORG Partners LLC’s holdings in Hercules Capital were worth $176,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of HTGC. Simplicity Solutions LLC purchased a new stake in Hercules Capital in the fourth quarter worth about $613,000. Sumitomo Mitsui Trust Holdings Inc. boosted its stake in shares of Hercules Capital by 3.4% in the fourth quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 371,063 shares of the financial services provider’s stock worth $6,186,000 after acquiring an additional 12,222 shares during the period. Latitude Advisors LLC bought a new position in shares of Hercules Capital in the fourth quarter worth about $170,000. Signaturefd LLC boosted its stake in shares of Hercules Capital by 30.4% in the fourth quarter. Signaturefd LLC now owns 3,382 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 789 shares during the period. Finally, Significant Wealth Partners LLC bought a new position in shares of Hercules Capital in the fourth quarter worth about $494,000. Hedge funds and other institutional investors own 19.69% of the company’s stock.

Hercules Capital Trading Up 2.1 %

Shares of NYSE:HTGC traded up $0.39 during trading on Thursday, hitting $18.66. The company had a trading volume of 398,876 shares, compared to its average volume of 982,116. The stock has a market cap of $3.03 billion, a price-to-earnings ratio of 8.30 and a beta of 1.39. Hercules Capital, Inc. has a one year low of $15.02 and a one year high of $21.78. The company has a fifty day simple moving average of $20.22 and a two-hundred day simple moving average of $19.13. The company has a debt-to-equity ratio of 0.93, a current ratio of 2.47 and a quick ratio of 2.47.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The business had revenue of $125.01 million during the quarter, compared to analyst estimates of $124.99 million. Hercules Capital had a return on equity of 18.22% and a net margin of 57.82%. During the same period last year, the company earned $0.53 EPS. As a group, equities analysts forecast that Hercules Capital, Inc. will post 2.06 earnings per share for the current year.

Hercules Capital Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 13th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.29%. The ex-dividend date of this dividend is Tuesday, August 13th. Hercules Capital’s payout ratio is 72.73%.

Insider Activity

In other news, Director Robert P. Badavas sold 13,300 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $19.69, for a total value of $261,877.00. Following the completion of the sale, the director now directly owns 4,234 shares of the company’s stock, valued at approximately $83,367.46. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert P. Badavas sold 13,300 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $19.69, for a total value of $261,877.00. Following the sale, the director now directly owns 4,234 shares in the company, valued at $83,367.46. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nikos Theodosopoulos purchased 1,608 shares of Hercules Capital stock in a transaction dated Tuesday, August 6th. The stock was acquired 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 approximately $101,202.39. The disclosure for this purchase can be found here. Corporate insiders own 1.90% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on the company. JMP Securities upped their price objective on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research note on Tuesday, July 30th. Wells Fargo & Company increased their price target on Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods increased their price target on Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a research note on Friday, May 3rd. Finally, Piper Sandler increased their price target on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research note on Friday, August 2nd. Four analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $20.00.

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.