Hercules Capital, Inc. (NYSE:HTGC) Shares Sold by Truist Financial Corp

Truist Financial Corp lessened its holdings in shares of Hercules Capital, Inc. (NYSE:HTGC) by 11.1% in the second quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 32,640 shares of the financial services provider’s stock after selling 4,068 shares during the quarter. Truist Financial Corp’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 bought and sold shares of the company. HHM Wealth Advisors LLC purchased a new position in Hercules Capital in the 2nd quarter worth approximately $31,000. NBC Securities Inc. boosted its stake 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 valued at $48,000 after buying an additional 1,594 shares during the last quarter. Hexagon Capital Partners LLC boosted its stake 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 valued at $66,000 after buying an additional 806 shares during the last quarter. Strategic Financial Concepts LLC boosted its stake in shares of Hercules Capital by 2,067.0% during the 2nd quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock valued at $72,000 after buying an additional 336,921 shares during the last quarter. Finally, ORG Partners LLC boosted its stake in shares of Hercules Capital by 963.9% during the 2nd quarter. ORG Partners LLC now owns 8,575 shares of the financial services provider’s stock valued at $176,000 after buying an additional 7,769 shares during the last quarter. Institutional investors and hedge funds own 19.69% of the company’s stock.

Hercules Capital Price Performance

Shares of NYSE HTGC opened at $19.88 on Wednesday. Hercules Capital, Inc. has a 1-year low of $15.02 and a 1-year high of $21.78. 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 business’s fifty day moving average price is $19.12 and its two-hundred day moving average price is $19.51. The firm has a market capitalization of $3.22 billion, a PE ratio of 9.04 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last issued its earnings results 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 return on equity of 18.03% and a net margin of 57.82%. The firm had revenue of $125.01 million for the quarter, compared to analyst estimates of $124.99 million. During the same period last year, the company earned $0.53 earnings per share. On average, research analysts expect that Hercules Capital, Inc. will post 2.03 EPS for the current year.

Hercules Capital Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were given a $0.48 dividend. This represents a $1.92 annualized dividend and a yield of 9.66%. The ex-dividend date of this dividend was Tuesday, August 13th. Hercules Capital’s dividend payout ratio is presently 72.73%.

Insiders Place Their Bets

In other Hercules Capital news, Director Nikos Theodosopoulos purchased 1,608 shares of the stock in a transaction dated Tuesday, August 6th. The shares were bought at an average cost of $18.03 per share, with a total value of $28,992.24. Following the completion of the acquisition, the director now owns 5,613 shares of the company’s stock, valued at approximately $101,202.39. This trade represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of Hercules Capital stock in a transaction dated Thursday, September 26th. The stock was sold at an average price of $19.59, for a total transaction of $1,959,000.00. Following the transaction, the chief executive officer now owns 2,161,207 shares of the company’s stock, valued at $42,338,045.13. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Nikos Theodosopoulos bought 1,608 shares of the stock in a transaction on Tuesday, August 6th. The shares were acquired at an average cost of $18.03 per share, for a total transaction of $28,992.24. Following the purchase, the director now owns 5,613 shares in the company, valued at approximately $101,202.39. This represents a 0.00 % increase in their ownership of the stock. The disclosure for this purchase can be found here. 1.90% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the company. Wells Fargo & Company increased their target price on Hercules Capital from $20.00 to $22.00 and gave the company an “overweight” rating in a research note on Friday, July 26th. JMP Securities upped their price target on Hercules Capital from $20.00 to $22.00 and gave the company a “market outperform” rating in a research report on Tuesday, July 30th. Finally, Piper Sandler upped their price target on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $20.00.

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.