Hercules Capital, Inc. (NYSE:HTGC) Shares Bought by NBC Securities Inc.

NBC Securities Inc. increased its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 154.8% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,624 shares of the financial services provider’s stock after purchasing an additional 1,594 shares during the quarter. NBC Securities Inc.’s holdings in Hercules Capital were worth $48,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. HighTower Advisors LLC raised its position in shares of Hercules Capital by 2.4% in the third quarter. HighTower Advisors LLC now owns 54,801 shares of the financial services provider’s stock valued at $900,000 after buying an additional 1,274 shares during the last quarter. UBS Group AG grew its stake in Hercules Capital by 4.4% in the 3rd quarter. UBS Group AG now owns 276,873 shares of the financial services provider’s stock worth $4,546,000 after acquiring an additional 11,621 shares during the period. LPL Financial LLC raised its holdings in Hercules Capital by 8.8% in the 3rd quarter. LPL Financial LLC now owns 527,090 shares of the financial services provider’s stock valued at $8,655,000 after acquiring an additional 42,417 shares during the last quarter. Mckinley Capital Management LLC lifted its stake in shares of Hercules Capital by 60.8% during the 3rd quarter. Mckinley Capital Management LLC now owns 348,992 shares of the financial services provider’s stock worth $5,730,000 after purchasing an additional 131,924 shares during the period. Finally, Quadrature Capital Ltd acquired a new stake in shares of Hercules Capital during the third quarter worth $302,000. Institutional investors and hedge funds own 19.69% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Wells Fargo & Company increased their target price on Hercules Capital from $19.50 to $20.00 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. Piper Sandler raised their target price on shares of Hercules Capital from $21.00 to $21.50 and gave the stock an “overweight” rating in a research report on Friday, May 3rd. JMP Securities upped their price target on shares of Hercules Capital from $19.00 to $20.00 and gave the stock a “market outperform” rating in a research report on Friday, May 3rd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Hercules Capital from $18.00 to $19.00 and gave the company a “market perform” rating in a report on Friday, May 3rd. Five research analysts have rated the stock with a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $18.56.

Insider Buying and Selling at Hercules Capital

In other news, Director Robert P. Badavas sold 1,700 shares of the company’s stock in a transaction on Tuesday, June 18th. The shares were sold at an average price of $19.60, for a total value of $33,320.00. Following the completion of the transaction, the director now directly owns 4,234 shares in the company, valued at $82,986.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director Robert P. Badavas sold 13,300 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $19.69, for a total transaction of $261,877.00. Following the completion of the transaction, the director now directly owns 4,234 shares in the company, valued at approximately $83,367.46. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director Robert P. Badavas sold 1,700 shares of Hercules Capital stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $19.60, for a total transaction of $33,320.00. Following the completion of the sale, the director now owns 4,234 shares of the company’s stock, valued at approximately $82,986.40. The disclosure for this sale can be found here. 1.90% of the stock is owned by corporate insiders.

Hercules Capital Stock Performance

Shares of HTGC stock opened at $20.20 on Tuesday. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.93. The company has a market cap of $3.28 billion, a PE ratio of 9.18 and a beta of 1.36. The company’s fifty day simple moving average is $19.38 and its 200-day simple moving average is $18.19. Hercules Capital, Inc. has a 52 week low of $14.11 and a 52 week high of $20.22.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, beating the consensus estimate of $0.48 by $0.02. The company had revenue of $121.55 million for the quarter, compared to analyst estimates of $121.86 million. Hercules Capital had a return on equity of 18.35% and a net margin of 69.98%. The firm’s revenue was up 15.7% compared to the same quarter last year. During the same period last year, the company posted $0.47 earnings per share. As a group, equities research analysts anticipate that Hercules Capital, Inc. will post 2.06 EPS for the current year.

Hercules Capital Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, May 21st. Shareholders of record on Tuesday, May 14th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a yield of 9.51%. The ex-dividend date was Monday, May 13th. Hercules Capital’s dividend payout ratio is presently 72.73%.

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.