Mirador Capital Partners LP Has $667,000 Stake in Hercules Capital, Inc. (NYSE:HTGC)

Mirador Capital Partners LP increased its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 8.7% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 36,155 shares of the financial services provider’s stock after purchasing an additional 2,885 shares during the quarter. Mirador Capital Partners LP’s holdings in Hercules Capital were worth $667,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Chesapeake Capital Corp IL acquired a new stake in shares of Hercules Capital during the 4th quarter valued at about $998,000. Prevail Innovative Wealth Advisors LLC bought a new position in Hercules Capital during the fourth quarter valued at approximately $677,000. Global Assets Advisory LLC grew its position in Hercules Capital by 1,920.8% in the first quarter. Global Assets Advisory LLC now owns 221,051 shares of the financial services provider’s stock worth $4,078,000 after acquiring an additional 210,112 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Hercules Capital by 9.1% during the 4th quarter. D.A. Davidson & CO. now owns 221,994 shares of the financial services provider’s stock worth $3,701,000 after purchasing an additional 18,473 shares during the last quarter. Finally, Napa Wealth Management bought a new position in shares of Hercules Capital during the 4th quarter valued at $1,465,000. 19.69% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Hercules Capital news, Director Robert P. Badavas sold 1,700 shares of the business’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 sale, the director now owns 4,234 shares of the company’s stock, valued at approximately $82,986.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Hercules Capital news, Director Robert P. Badavas sold 1,700 shares of Hercules Capital stock in a transaction that occurred 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 sale, the director now directly owns 4,234 shares of the company’s stock, valued at $82,986.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $261,877.00. Following the completion of the transaction, the director now directly owns 4,234 shares of the company’s stock, valued at $83,367.46. The disclosure for this sale can be found here. 1.90% of the stock is owned by company insiders.

Hercules Capital Trading Up 0.6 %

Shares of HTGC stock opened at $20.57 on Tuesday. The firm has a market capitalization of $3.34 billion, a P/E ratio of 9.35 and a beta of 1.39. Hercules Capital, Inc. has a 1 year low of $14.62 and a 1 year high of $20.68. The firm’s fifty day simple moving average is $19.58 and its 200 day simple moving average is $18.36. The company has a current ratio of 2.47, a quick ratio of 2.47 and a debt-to-equity ratio of 0.93.

Hercules Capital (NYSE:HTGC) last announced its quarterly earnings data on Thursday, May 2nd. The financial services provider reported $0.50 EPS for the quarter, beating analysts’ consensus estimates of $0.48 by $0.02. Hercules Capital had a net margin of 69.98% and a return on equity of 18.35%. The business had revenue of $121.55 million during the quarter, compared to analyst estimates of $121.86 million. During the same quarter in the prior year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 15.7% on a year-over-year basis. As a group, sell-side analysts predict that Hercules Capital, Inc. will post 2.06 EPS for the current year.

Hercules Capital Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, May 21st. Investors of record on Tuesday, May 14th were paid a $0.48 dividend. The ex-dividend date of this dividend was Monday, May 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.33%. Hercules Capital’s payout ratio is 72.73%.

Wall Street Analyst Weigh In

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

About Hercules Capital

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.