MAS Advisors LLC Sells 721 Shares of Hercules Capital, Inc. (NYSE:HTGC)

MAS Advisors LLC reduced its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 3.3% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 20,958 shares of the financial services provider’s stock after selling 721 shares during the period. MAS Advisors LLC’s holdings in Hercules Capital were worth $429,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the company. HHM Wealth Advisors LLC bought a new stake in shares of Hercules Capital during the 2nd quarter worth $31,000. NBC Securities Inc. raised its holdings in shares of Hercules Capital by 154.8% in the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after purchasing an additional 1,594 shares during the period. Principal Securities Inc. purchased a new position in Hercules Capital in the fourth quarter valued at approximately $53,000. Cape Investment Advisory Inc. purchased a new position in Hercules Capital in the fourth quarter valued at approximately $56,000. Finally, Hexagon Capital Partners LLC grew its holdings in Hercules Capital by 28.9% during the first quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock valued at $66,000 after purchasing an additional 806 shares during the period. 19.69% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have commented on HTGC. Wells Fargo & Company upped their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a report on Friday, July 26th. JMP Securities raised their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a report on Tuesday, July 30th. Finally, Piper Sandler lifted their price objective 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. Four analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $20.00.

Hercules Capital Price Performance

NYSE:HTGC opened at $19.58 on Friday. The firm has a market capitalization of $3.18 billion, a price-to-earnings ratio of 8.90 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. The stock has a fifty day moving average of $19.53 and a 200 day moving average of $19.30. Hercules Capital, Inc. has a 52-week low of $15.02 and a 52-week high of $21.78.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings data on Thursday, August 1st. The financial services provider reported $0.51 earnings per share for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. The company had revenue of $125.01 million for the quarter, compared to analysts’ expectations of $124.99 million. During the same period in the prior year, the business earned $0.53 earnings per share. On average, research analysts expect that Hercules Capital, Inc. will post 2.03 EPS for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Investors of record on Tuesday, August 13th were given a $0.48 dividend. The ex-dividend date was Tuesday, August 13th. This represents a $1.92 annualized dividend and a yield of 9.81%. Hercules Capital’s dividend payout ratio (DPR) is presently 72.73%.

Insider Activity at Hercules Capital

In other news, Director Nikos Theodosopoulos acquired 1,608 shares of the business’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the acquisition, the director now owns 5,613 shares of the company’s stock, valued at $101,202.39. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.90% of the stock is owned by insiders.

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.