D.A. Davidson & CO. Purchases 18,823 Shares of Hercules Capital, Inc. (NYSE:HTGC)

D.A. Davidson & CO. grew its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 7.1% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 283,850 shares of the financial services provider’s stock after buying an additional 18,823 shares during the period. D.A. Davidson & CO.’s holdings in Hercules Capital were worth $5,575,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently modified their holdings of HTGC. Tectonic Advisors LLC lifted its position in Hercules Capital by 17.0% during the third quarter. Tectonic Advisors LLC now owns 433,032 shares of the financial services provider’s stock worth $8,505,000 after purchasing an additional 62,826 shares during the period. Mackenzie Financial Corp increased its stake in shares of Hercules Capital by 77.0% in the 2nd quarter. Mackenzie Financial Corp now owns 31,632 shares of the financial services provider’s stock valued at $647,000 after purchasing an additional 13,765 shares during the last quarter. Cetera Investment Advisers raised its holdings in shares of Hercules Capital by 170.7% during the 1st quarter. Cetera Investment Advisers now owns 126,789 shares of the financial services provider’s stock worth $2,339,000 after buying an additional 79,947 shares in the last quarter. Advisors Asset Management Inc. lifted its position in shares of Hercules Capital by 9.3% during the 3rd quarter. Advisors Asset Management Inc. now owns 406,985 shares of the financial services provider’s stock worth $7,993,000 after buying an additional 34,718 shares during the last quarter. Finally, Cetera Advisors LLC boosted its stake in 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. Institutional investors and hedge funds own 19.69% of the company’s stock.

Insider Transactions at Hercules Capital

In other news, CEO Scott Bluestein sold 100,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now directly 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 transaction was disclosed in a filing with the SEC, which is available through the SEC website. 1.90% of the stock is owned by corporate insiders.

Hercules Capital Stock Up 0.4 %

NYSE:HTGC opened at $18.89 on Thursday. Hercules Capital, Inc. has a one year low of $15.14 and a one year high of $21.78. The company has a debt-to-equity ratio of 0.94, a current ratio of 1.61 and a quick ratio of 1.61. The company has a market cap of $3.07 billion, a PE ratio of 9.35 and a beta of 1.39. The firm’s 50 day simple moving average is $19.61 and its 200 day simple moving average is $19.66.

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

Hercules Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were paid a $0.48 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 10.16%. Hercules Capital’s payout ratio is 79.21%.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the stock. Piper Sandler increased their target price on shares of Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a report on Friday, August 2nd. Wells Fargo & Company increased their price objective on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. Two equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.40.

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.