US Bancorp DE Has $853,000 Holdings in Hercules Capital, Inc. (NYSE:HTGC)

US Bancorp DE cut its stake in Hercules Capital, Inc. (NYSE:HTGC) by 3.5% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 43,419 shares of the financial services provider’s stock after selling 1,567 shares during the period. US Bancorp DE’s holdings in Hercules Capital were worth $853,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. HHM Wealth Advisors LLC bought a new stake in Hercules Capital during the 2nd quarter worth approximately $31,000. Kathleen S. Wright Associates Inc. bought a new stake in Hercules Capital during the 3rd quarter worth approximately $31,000. Strategic Financial Concepts LLC grew its position in 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 worth $72,000 after acquiring an additional 336,921 shares during the last quarter. Hexagon Capital Partners LLC grew its position in Hercules Capital by 38.8% during the 2nd quarter. Hexagon Capital Partners LLC now owns 4,994 shares of the financial services provider’s stock worth $102,000 after acquiring an additional 1,395 shares during the last quarter. Finally, Armstrong Advisory Group Inc. grew its position in Hercules Capital by 198.9% during the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock worth $106,000 after acquiring an additional 3,580 shares during the last quarter. 19.69% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. JMP Securities increased their price target on Hercules Capital from $20.00 to $22.00 and gave the stock a “market outperform” rating in a research report on Tuesday, July 30th. Wells Fargo & Company increased their price target on Hercules Capital from $20.00 to $21.00 and gave the stock an “overweight” rating in a research report on Tuesday, October 29th. Finally, Piper Sandler increased their price objective 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 analysts have rated the stock with a hold rating and three have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $19.83.

Insider Transactions at Hercules Capital

In other news, CEO Scott Bluestein sold 100,000 shares of the firm’s stock in a transaction on Thursday, September 26th. The stock was sold at an average price of $19.59, for a total value of $1,959,000.00. Following the transaction, the chief executive officer now directly owns 2,161,207 shares in the company, valued at $42,338,045.13. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 1.90% of the stock is owned by corporate insiders.

Hercules Capital Stock Down 0.2 %

Shares of HTGC opened at $19.67 on Friday. The firm has a market capitalization of $3.20 billion, a price-to-earnings ratio of 9.74 and a beta of 1.39. The company has a debt-to-equity ratio of 0.94, a quick ratio of 1.61 and a current ratio of 1.61. The business’s fifty day moving average price is $19.59 and its two-hundred day moving average price is $19.69. Hercules Capital, Inc. has a 52 week low of $15.14 and a 52 week high of $21.78.

Hercules Capital (NYSE:HTGC) last posted its quarterly earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.51. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. The business had revenue of $125.25 million for the quarter, compared to analyst estimates of $125.80 million. During the same period last year, the company earned $0.52 EPS. On average, analysts predict that Hercules Capital, Inc. will post 2.02 earnings per share for the current year.

Hercules Capital Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be given a $0.48 dividend. The ex-dividend date of this dividend is Wednesday, November 13th. This represents a $1.92 annualized dividend and a dividend yield of 9.76%. Hercules Capital’s dividend payout ratio is currently 79.21%.

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.