Mount Yale Investment Advisors LLC Buys 2,589 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Mount Yale Investment Advisors LLC lifted its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 1.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 142,679 shares of the financial services provider’s stock after purchasing an additional 2,589 shares during the quarter. Mount Yale Investment Advisors LLC owned 0.09% of Hercules Capital worth $2,918,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. HHM Wealth Advisors LLC acquired a new stake in shares of Hercules Capital during the 2nd quarter worth approximately $31,000. NBC Securities Inc. boosted its position in shares of Hercules Capital by 154.8% during the 1st quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after acquiring an additional 1,594 shares in the last quarter. Principal Securities Inc. acquired a new stake in shares of Hercules Capital during the 4th quarter worth approximately $53,000. Cape Investment Advisory Inc. acquired a new stake in shares of Hercules Capital during the 4th quarter worth approximately $56,000. Finally, Hexagon Capital Partners LLC boosted its position in shares of Hercules Capital by 28.9% during the 1st quarter. Hexagon Capital Partners LLC now owns 3,599 shares of the financial services provider’s stock worth $66,000 after acquiring an additional 806 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Insider Activity

In other Hercules Capital news, Director Nikos Theodosopoulos purchased 1,608 shares of the company’s stock in a transaction dated Tuesday, August 6th. The stock was purchased at an average price of $18.03 per share, with a total value of $28,992.24. Following the completion of the purchase, 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 is available at the SEC website. Insiders own 1.90% of the company’s stock.

Analyst Ratings Changes

HTGC has been the topic of several analyst reports. JMP Securities increased their price target on shares of Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 30th. Piper Sandler increased 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. Finally, Wells Fargo & Company increased their price objective on shares of Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. Four investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat, Hercules Capital currently has an average rating of “Hold” and an average target price of $20.00.

Hercules Capital Price Performance

Shares of NYSE:HTGC opened at $19.58 on Friday. The company has a market cap 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 current ratio of 1.42 and a quick ratio of 1.42. The firm has a 50 day simple moving average of $19.46 and a 200 day simple moving average of $19.32. Hercules Capital, Inc. has a one year low of $15.02 and a one year high of $21.78.

Hercules Capital (NYSE:HTGC) last released its quarterly earnings results on Thursday, August 1st. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.51. The firm had revenue of $125.01 million during the quarter, compared to the consensus estimate of $124.99 million. Hercules Capital had a net margin of 57.82% and a return on equity of 18.03%. During the same quarter last year, the firm earned $0.53 earnings per share. Research analysts predict that Hercules Capital, Inc. will post 2.03 earnings per share for the current fiscal year.

Hercules Capital Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Stockholders of record on Tuesday, August 13th were paid a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 9.81%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s payout ratio is currently 72.73%.

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.