B. Riley Wealth Advisors Inc. Has $265,000 Stake in Hercules Capital, Inc. (NYSE:HTGC)

B. Riley Wealth Advisors Inc. decreased its position in Hercules Capital, Inc. (NYSE:HTGC) by 14.4% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 12,976 shares of the financial services provider’s stock after selling 2,178 shares during the quarter. B. Riley Wealth Advisors Inc.’s holdings in Hercules Capital were worth $265,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. HHM Wealth Advisors LLC acquired a new position in shares of Hercules Capital during the 2nd quarter worth $31,000. NBC Securities Inc. increased its position in Hercules Capital by 154.8% during the first quarter. NBC Securities Inc. now owns 2,624 shares of the financial services provider’s stock worth $48,000 after buying an additional 1,594 shares during the last quarter. Hexagon Capital Partners LLC raised 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 buying an additional 806 shares in the last quarter. C M Bidwell & Associates Ltd. lifted its position in shares of Hercules Capital by 54.6% in the fourth quarter. C M Bidwell & Associates Ltd. now owns 4,220 shares of the financial services provider’s stock worth $70,000 after buying an additional 1,490 shares during the last quarter. Finally, Tucker Asset Management LLC boosted its stake in shares of Hercules Capital by 921.8% during the 4th quarter. Tucker Asset Management LLC now owns 5,763 shares of the financial services provider’s stock worth $96,000 after acquiring an additional 5,199 shares in the last quarter. Institutional investors own 19.69% of the company’s stock.

Hercules Capital Stock Up 0.7 %

Shares of HTGC stock opened at $20.16 on Wednesday. Hercules Capital, Inc. has a 12 month low of $15.02 and a 12 month high of $21.78. The company has a quick ratio of 1.42, a current ratio of 1.42 and a debt-to-equity ratio of 0.94. The firm has a market cap of $3.27 billion, a PE ratio of 9.16 and a beta of 1.39. The stock has a 50 day moving average of $19.09 and a 200-day moving average of $19.46.

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

Hercules Capital Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 20th. Shareholders of record on Tuesday, August 13th were issued a $0.48 dividend. The ex-dividend date of this dividend was Tuesday, August 13th. This represents a $1.92 annualized dividend and a yield of 9.53%. Hercules Capital’s dividend payout ratio (DPR) is 72.73%.

Analyst Ratings Changes

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

Insiders Place Their Bets

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

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.