Tidal Investments LLC Has $1.50 Million Stake in Hercules Capital, Inc. (NYSE:HTGC)

Tidal Investments LLC grew its holdings in Hercules Capital, Inc. (NYSE:HTGC) by 8.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,262 shares of the financial services provider’s stock after purchasing an additional 5,704 shares during the period. Tidal Investments LLC’s holdings in Hercules Capital were worth $1,498,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in HTGC. HHM Wealth Advisors LLC acquired a new position in shares of Hercules Capital in the 2nd quarter valued at about $31,000. Kathleen S. Wright Associates Inc. acquired a new position in Hercules Capital in the third quarter worth approximately $31,000. Farther Finance Advisors LLC increased its holdings in Hercules Capital by 59,650.0% in the third quarter. Farther Finance Advisors LLC now owns 2,390 shares of the financial services provider’s stock worth $47,000 after buying an additional 2,386 shares during the last quarter. Strategic Financial Concepts LLC increased its holdings in Hercules Capital by 2,067.0% in the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock worth $72,000 after buying an additional 336,921 shares during the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its holdings in Hercules Capital by 45.6% in the third quarter. Nomura Asset Management Co. Ltd. now owns 4,086 shares of the financial services provider’s stock worth $80,000 after buying an additional 1,279 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on the company. JMP Securities restated a “market outperform” rating and issued a $22.00 price objective on shares of Hercules Capital in a report on Friday, December 6th. Wells Fargo & Company increased their price objective on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a report on Tuesday, October 29th. Finally, Keefe, Bruyette & Woods upgraded Hercules Capital from a “market perform” rating to an “outperform” rating and increased their price objective for the stock from $19.50 to $21.50 in a report on Thursday, December 12th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $20.90.

Insider Activity

In other news, CEO Scott Bluestein sold 100,000 shares of the stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 2,161,207 shares of the company’s stock, valued at approximately $42,338,045.13. This represents a 4.42 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 1.90% of the stock is owned by company insiders.

Hercules Capital Stock Down 0.2 %

Shares of Hercules Capital stock opened at $19.19 on Wednesday. The stock has a market capitalization of $3.12 billion, a P/E ratio of 9.50 and a beta of 1.36. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. The stock has a 50 day moving average price of $19.45 and a two-hundred day moving average price of $19.65. Hercules Capital, Inc. has a 12-month low of $15.83 and a 12-month high of $21.78.

Hercules Capital (NYSE:HTGC) last announced its 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. The firm had revenue of $125.25 million during the quarter, compared to analysts’ expectations of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same quarter in the prior year, the business earned $0.52 earnings per share. Equities analysts expect that Hercules Capital, Inc. will post 2.01 earnings per share for the current year.

Hercules Capital Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th were given a $0.48 dividend. The ex-dividend date was Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 10.01%. Hercules Capital’s dividend payout ratio is 79.21%.

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.