13,620 Shares in Hercules Capital, Inc. (NYSE:HTGC) Acquired by MQS Management LLC

MQS Management LLC purchased a new stake in shares of Hercules Capital, Inc. (NYSE:HTGC) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 13,620 shares of the financial services provider’s stock, valued at approximately $267,000.

Several other institutional investors also recently bought and sold shares of HTGC. Sumitomo Mitsui Trust Group Inc. raised its stake in shares of Hercules Capital by 10.1% in the 3rd quarter. Sumitomo Mitsui Trust Group Inc. now owns 401,133 shares of the financial services provider’s stock valued at $7,878,000 after acquiring an additional 36,886 shares during the period. Nations Financial Group Inc. IA ADV raised its position in Hercules Capital by 2.9% in the third quarter. Nations Financial Group Inc. IA ADV now owns 91,648 shares of the financial services provider’s stock valued at $1,800,000 after purchasing an additional 2,571 shares during the period. Baker Avenue Asset Management LP raised its position in Hercules Capital by 3.2% in the third quarter. Baker Avenue Asset Management LP now owns 159,668 shares of the financial services provider’s stock valued at $3,136,000 after purchasing an additional 4,978 shares during the period. Graypoint LLC boosted its position in shares of Hercules Capital by 2.6% in the third quarter. Graypoint LLC now owns 140,230 shares of the financial services provider’s stock worth $2,754,000 after buying an additional 3,533 shares during the period. Finally, Van ECK Associates Corp grew its stake in shares of Hercules Capital by 10.3% in the third quarter. Van ECK Associates Corp now owns 3,115,419 shares of the financial services provider’s stock valued at $61,873,000 after buying an additional 290,579 shares in the last quarter. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Hercules Capital Price Performance

HTGC stock opened at $19.05 on Friday. The stock’s 50 day moving average is $19.63 and its two-hundred day moving average is $19.70. Hercules Capital, Inc. has a 52-week low of $15.14 and a 52-week high of $21.78. The company has a market capitalization of $3.09 billion, a PE ratio of 9.43 and a beta of 1.39. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94.

Hercules Capital (NYSE:HTGC) last issued its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.51. Hercules Capital had a net margin of 65.07% and a return on equity of 17.88%. The business had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. During the same quarter in the previous year, the firm earned $0.52 earnings per share. Analysts predict that Hercules Capital, Inc. will post 2.02 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be paid a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 10.08%. Hercules Capital’s dividend payout ratio (DPR) is presently 79.21%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wells Fargo & Company boosted their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. JMP Securities lifted their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a research note on Tuesday, July 30th. Finally, 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 note on Friday, August 2nd. Three analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Hercules Capital presently has a consensus rating of “Moderate Buy” and a consensus target price of $19.83.

Insider Transactions at Hercules Capital

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the company’s 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 in the company, valued at $42,338,045.13. This represents a 4.42 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Corporate insiders own 1.90% of the company’s stock.

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.