PFG Investments LLC Acquires 2,679 Shares of Hercules Capital, Inc. (NYSE:HTGC)

PFG Investments LLC raised its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 2.5% in the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 110,854 shares of the financial services provider’s stock after acquiring an additional 2,679 shares during the quarter. PFG Investments LLC owned approximately 0.07% of Hercules Capital worth $2,177,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the business. Tectonic Advisors LLC grew its stake in shares of Hercules Capital by 17.0% in the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock valued at $8,505,000 after buying an additional 62,826 shares in the last quarter. Naviter Wealth LLC bought a new position in shares of Hercules Capital in the first quarter valued at $1,701,000. Mackenzie Financial Corp grew its stake in shares of Hercules Capital by 77.0% in the second quarter. Mackenzie Financial Corp now owns 31,632 shares of the financial services provider’s stock valued at $647,000 after buying an additional 13,765 shares in the last quarter. Cetera Investment Advisers grew its stake in shares of Hercules Capital by 170.7% in the first quarter. Cetera Investment Advisers now owns 126,789 shares of the financial services provider’s stock valued at $2,339,000 after buying an additional 79,947 shares in the last quarter. Finally, Cetera Advisors LLC grew its stake in shares of Hercules Capital by 98.9% in the first quarter. Cetera Advisors LLC now owns 89,118 shares of the financial services provider’s stock valued at $1,644,000 after buying an additional 44,315 shares in the last quarter. 19.69% of the stock is owned by institutional investors.

Insider Transactions at Hercules Capital

In related news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was 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 owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Scott Bluestein sold 100,000 shares of the business’s stock in a transaction dated Thursday, September 26th. The stock was 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 owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Nikos Theodosopoulos purchased 1,608 shares of the company’s stock in a transaction that occurred on Tuesday, August 6th. The stock was bought at an average cost of $18.03 per share, with a total value of $28,992.24. Following the purchase, the director now owns 5,613 shares of the company’s stock, valued at $101,202.39. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.90% of the company’s stock.

Hercules Capital Stock Down 0.4 %

HTGC opened at $19.90 on Friday. Hercules Capital, Inc. has a fifty-two week low of $15.02 and a fifty-two week 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 company has a market capitalization of $3.23 billion, a P/E ratio of 11.12 and a beta of 1.39. The stock has a fifty day moving average of $19.38 and a 200-day moving average of $19.60.

Hercules Capital (NYSE:HTGC) last posted its earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share 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 the consensus estimate of $124.99 million. During the same quarter last year, the firm earned $0.53 earnings per share. On average, equities analysts expect that Hercules Capital, Inc. will post 2.03 EPS for the current year.

Hercules Capital Dividend Announcement

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

Analysts Set New Price Targets

HTGC has been the subject of several research reports. Wells Fargo & Company raised their price target on Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, July 26th. Piper Sandler raised their price target on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a report on Friday, August 2nd. Finally, JMP Securities raised their price target 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 currently has an average rating of “Moderate Buy” and an average target price of $20.00.

Hercules Capital 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.