Beaumont Financial Advisors LLC Takes Position in Hercules Capital, Inc. (NYSE:HTGC)

Beaumont Financial Advisors LLC purchased a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) during the 3rd quarter, HoldingsChannel.com reports. The institutional investor purchased 11,419 shares of the financial services provider’s stock, valued at approximately $224,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. HHM Wealth Advisors LLC acquired a new position in shares of Hercules Capital during the 2nd quarter valued at about $31,000. NBC Securities Inc. boosted its position in shares of Hercules Capital by 154.8% during the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock valued at $48,000 after acquiring an additional 1,594 shares during the last quarter. Hexagon Capital Partners LLC boosted its position in shares of Hercules Capital by 28.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock valued at $66,000 after acquiring an additional 806 shares during the last quarter. Tucker Asset Management LLC lifted its position in Hercules Capital by 921.8% in the fourth quarter. Tucker Asset Management LLC now owns 5,763 shares of the financial services provider’s stock valued at $96,000 after buying an additional 5,199 shares during the last quarter. Finally, Creekmur Asset Management LLC acquired a new position in Hercules Capital in the fourth quarter valued at about $105,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on HTGC. Wells Fargo & Company upped their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research report on Friday, July 26th. Piper Sandler upped their target price on shares of Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, JMP Securities upped their target price on shares of Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 30th. Three equities research 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, Hercules Capital currently has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Insider Buying and Selling

In related news, 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 sale, the chief executive officer now directly owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hercules Capital news, Director Nikos Theodosopoulos purchased 1,608 shares of the stock in a transaction that occurred on Tuesday, August 6th. The stock was purchased at an average cost of $18.03 per share, with a total value of $28,992.24. Following the completion of the acquisition, the director now directly owns 5,613 shares of the company’s stock, valued at $101,202.39. This trade represents a 0.00 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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 value of $1,959,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at $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. Insiders own 1.90% of the company’s stock.

Hercules Capital Stock Down 0.5 %

Shares of NYSE:HTGC opened at $19.64 on Friday. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.42 and a quick ratio of 1.42. The firm has a market capitalization of $3.19 billion, a PE ratio of 10.97 and a beta of 1.39. The firm’s 50-day moving average is $19.04 and its two-hundred day moving average is $19.47. Hercules Capital, Inc. has a 1 year low of $15.02 and a 1 year high of $21.78.

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

Hercules Capital Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were paid a dividend of $0.48 per share. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.78%. Hercules Capital’s 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.