Bleakley Financial Group LLC Purchases 1,063 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Bleakley Financial Group LLC lifted its position in shares of Hercules Capital, Inc. (NYSE:HTGC) by 2.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 41,234 shares of the financial services provider’s stock after purchasing an additional 1,063 shares during the period. Bleakley Financial Group LLC’s holdings in Hercules Capital were worth $810,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the company. Van ECK Associates Corp increased its position in Hercules Capital by 11.8% during the 2nd quarter. Van ECK Associates Corp now owns 2,824,840 shares of the financial services provider’s stock worth $57,768,000 after buying an additional 298,992 shares during the period. Sound Income Strategies LLC raised its stake in Hercules Capital by 1.8% in the 3rd quarter. Sound Income Strategies LLC now owns 2,737,345 shares of the financial services provider’s stock worth $53,761,000 after purchasing an additional 47,672 shares in the last quarter. Gilman Hill Asset Management LLC raised its stake in Hercules Capital by 1.2% in the 2nd quarter. Gilman Hill Asset Management LLC now owns 607,669 shares of the financial services provider’s stock worth $12,427,000 after purchasing an additional 7,485 shares in the last quarter. Confluence Investment Management LLC boosted its holdings in Hercules Capital by 0.8% in the 2nd quarter. Confluence Investment Management LLC now owns 379,548 shares of the financial services provider’s stock valued at $7,762,000 after purchasing an additional 2,875 shares during the period. Finally, Advisors Asset Management Inc. increased its holdings in shares of Hercules Capital by 1.8% during the first quarter. Advisors Asset Management Inc. now owns 374,007 shares of the financial services provider’s stock worth $6,900,000 after purchasing an additional 6,643 shares during the period. 19.69% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Hercules Capital

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

Analysts Set New Price Targets

Several brokerages recently issued reports on HTGC. Piper Sandler boosted their price target on Hercules Capital from $22.00 to $22.50 and gave the company an “overweight” rating in a research note on Friday, August 2nd. JMP Securities upped their target price 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, Wells Fargo & Company raised their price target on Hercules Capital from $20.00 to $22.00 and gave the stock an “overweight” rating in a research report on Friday, July 26th. Three investment analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $20.00.

Hercules Capital Price Performance

Hercules Capital stock opened at $20.18 on Monday. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.42 and a current ratio of 1.42. Hercules Capital, Inc. has a 52 week low of $15.02 and a 52 week high of $21.78. The stock has a market capitalization of $3.27 billion, a P/E ratio of 9.17 and a beta of 1.39. The stock has a fifty day moving average of $19.22 and a 200-day moving average of $19.54.

Hercules Capital (NYSE:HTGC) last issued its earnings results on Thursday, August 1st. The financial services provider reported $0.51 EPS for the quarter, hitting 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 return on equity of 18.03% and a net margin of 57.82%. During the same quarter in the previous year, the firm earned $0.53 earnings per share. On average, sell-side analysts expect that Hercules Capital, Inc. will post 2.03 earnings per share for the current fiscal year.

Hercules Capital Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were paid a dividend of $0.48 per share. The ex-dividend date was Tuesday, August 13th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 9.51%. Hercules Capital’s 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.