Farther Finance Advisors LLC Buys 2,386 Shares of Hercules Capital, Inc. (NYSE:HTGC)

Farther Finance Advisors LLC raised its stake in shares of Hercules Capital, Inc. (NYSE:HTGC) by 59,650.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,390 shares of the financial services provider’s stock after buying an additional 2,386 shares during the quarter. Farther Finance Advisors LLC’s holdings in Hercules Capital were worth $47,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of HTGC. HHM Wealth Advisors LLC bought a new stake in Hercules Capital during the 2nd quarter worth approximately $31,000. Kathleen S. Wright Associates Inc. purchased a new stake in shares of Hercules Capital in the third quarter worth $31,000. Strategic Financial Concepts LLC grew its position in Hercules Capital by 2,067.0% during the second quarter. Strategic Financial Concepts LLC now owns 353,221 shares of the financial services provider’s stock worth $72,000 after buying an additional 336,921 shares in the last quarter. Hexagon Capital Partners LLC increased its stake in Hercules Capital by 38.8% in 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. raised its holdings in shares of Hercules Capital by 198.9% in the 3rd quarter. Armstrong Advisory Group Inc. now owns 5,380 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 3,580 shares in the last quarter. 19.69% of the stock is currently owned by institutional investors.

Hercules Capital Stock Performance

Hercules Capital stock opened at $19.05 on Friday. The firm has a fifty day simple moving average of $19.63 and a two-hundred day simple moving average of $19.70. The company has a quick ratio of 1.61, a current ratio of 1.61 and a debt-to-equity ratio of 0.94. Hercules Capital, Inc. has a twelve month low of $15.14 and a twelve month high of $21.78. The company has a market capitalization of $3.09 billion, a PE ratio of 9.43 and a beta of 1.39.

Hercules Capital (NYSE:HTGC) last released its earnings results on Wednesday, October 30th. The financial services provider reported $0.51 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.51. The company had revenue of $125.25 million during the quarter, compared to analyst estimates of $125.80 million. Hercules Capital had a return on equity of 17.88% and a net margin of 65.07%. During the same quarter in the previous year, the company posted $0.52 EPS. Research analysts expect that Hercules Capital, Inc. will post 2.02 EPS for the current year.

Hercules Capital Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, November 20th. Stockholders of record on Wednesday, November 13th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 10.08%. The ex-dividend date of this dividend is Wednesday, November 13th. Hercules Capital’s dividend payout ratio is 79.21%.

Analysts Set New Price Targets

HTGC has been the topic of a number of recent analyst reports. Wells Fargo & Company raised their target price on shares of Hercules Capital from $20.00 to $21.00 and gave the company an “overweight” rating in a research note on Tuesday, October 29th. JMP Securities upped their target price 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. Finally, Piper Sandler lifted their price target on Hercules Capital from $22.00 to $22.50 and gave the stock an “overweight” rating in a research note on Friday, August 2nd. Three research analysts have rated the stock with a hold rating and three have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $19.83.

Insider Buying and Selling

In other Hercules Capital news, CEO Scott Bluestein sold 100,000 shares of the stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 2,161,207 shares in the company, valued at approximately $42,338,045.13. This trade represents a 4.42 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 1.90% of the stock is owned by insiders.

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.